Bond yields at many banks exceed 7%.

Bank bond interest rates are becoming increasingly attractive. (Illustration: Luc Giang)

Typically, Loc Phat Vietnam Commercial Joint Stock Bank (formerly Lien Viet Post Commercial Joint Stock Bank – LPBank ) has successfully issued a bond issue worth VND 400 billion. The bonds have a 7-year term, maturing on August 23, 2031, with an interest rate of 7.58% per year.

Similarly, Bao Viet Commercial Joint Stock Bank (BAOVIET Bank) successfully issued a bond issue worth 800 billion VND, with a 7-year term, maturing on August 23, 2031, and an interest rate of 7.68% per year. Prior to this, BAOVIET Bank also successfully raised 1,000 billion VND through bond issuance with an interest rate of 7.68% per year.

Viet Capital Commercial Bank (BVBank) is currently offering bonds to the public (Phase 1) with a fixed interest rate of 7.9% per annum for the first year. From the second year onwards, the reference interest rate (based on the average 12-month personal savings interest rate at the end of the term of four banks: Vietcombank, VietinBank, BIDV, and Agribank, immediately preceding the annual interest rate adjustment) + 2.5% per annum.

Ho Chi Minh City Development Commercial Bank ( HDBANK ) has just announced the successful issuance of 200 billion VND in bonds with an interest rate of 7.47% per annum. The bonds have a 7-year term, maturing on August 21, 2031. This year, HDBANK has issued dozens of bond tranches to the public, most of which have interest rates of 7.47% and 7.8% per annum, with terms of 7-8 years.

Since the beginning of the year, Nam A Commercial Joint Stock Bank (Nam A Bank) has issued bonds to the public in four tranches, raising a total of VND 4,800 billion. Of these, two tranches have an interest rate of 7.7% per year.

In addition, a number of banks have issued bonds with interest rates above 6% per year, such as: Vietnam Agricultural and Rural Development Bank (Agribank); Asia Commercial Bank (ACB); Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank); Saigon - Hanoi Commercial Joint Stock Bank (SHB); Vietnam Investment and Development Bank (BIDV); Tien Phong Commercial Joint Stock Bank (TPBank);…

It can be seen that, compared to the current 12-month term deposit interest rate of 5-6% per year, bank bonds are a more attractive investment channel in terms of interest rates. Therefore, bank bonds also attract many investors to transfer idle money from savings to buy bonds to enjoy higher interest rates. However, this investment channel is only suitable for those with long-term idle cash flow.

Source: https://laodong.vn/kinh-doanh/lai-suat-trai-phieu-nhieu-ngan-hang-vuot-muc-7-1389265.ldo