September 06, 2022 | 13:40

Individual bank deposits falling

Data from the State Bank of Vietnam (SBV) shows that after eight consecutive quarters of growth, individual deposits to banks had declined as of the end of June. Experts cite two reasons: the amount of idle funds held by businesses and individuals no longer being so abundant, and credit sources becoming limited as banks have hit their lending limits.

Individual bank deposits falling
Photo: Illustration
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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