Introduction
a. Issuers: Domestic and foreign institutional customers are allowed to purchase certificates of deposit in accordance with the law of Vietnam.
b. Issue mode:
- Certificates of short, medium, long-term registration certificates.
- Choose a flexible savings term from 1 months to 36 months.
- Currency certificate: Vietnam Dong (VND)
- 100,000,000 VND (One hundred million dongs) minimum deposit to open, denominations of more than par value must be multiples of 100,000,000.
d. Interest rate:
The fixed interest rate in the following table (% per year):
|
Method of interest |
|||||
|
Period (month) |
End of the period/Yearly (%/year) |
Start of the period |
Monthly (%/year) |
Quarterly |
6 months |
|
(%/year) |
(%/year) |
||||
|
1 |
4.25% |
4.08% |
|||
|
2 |
4.25% |
4.08% |
4.17% |
||
|
3 |
4.25% |
4.08% |
4.17% |
||
|
4 |
4.25% |
4.08% |
4.17% |
||
|
5 |
4.25% |
4.08% |
4.17% |
||
|
6 |
7.50% |
6.98% |
7.25% |
7.30% |
|
|
7 |
7.70% |
7.15% |
7.44% |
||
|
8 |
7.80% |
7.24% |
7.53% |
||
|
9 |
8.10% |
7.49% |
7.81% |
7.86% |
|
|
10 |
8.30% |
7.66% |
8.00% |
||
|
11 |
8.50% |
7.83% |
8.19% |
||
|
12 |
9.00% |
8.26% |
8.65% |
8.71% |
8.81% |
|
15 |
9.20% |
8.42% |
8.83% |
8.90% |
|
|
18 |
9.50% |
8.68% |
9.11% |
9.18% |
9.28% |
|
24 |
10.00% |
9.09% |
9.57% |
9.65% |
9.76% |
|
36 |
10.50% |
9.50% |
10.03% |
10.11% |
10.24% |
e. Method of interest and principal payment:
- Principal: The principal payment is made once the payment is due.
- Interest: The payment is made every 6 months or at the end of the period.
- Payment method: Bank transfer as requested by Customer.
- Base interest rate: 365 days a year.
f. To learn more details of issuance regulations Certificate of Deposit, please contact:
- Source of capital: VietCredit Finance Joint Stock Company
- Headquarter: Level 17, Mipec Tower, 229 Tay Son, Dong Da District, Hanoi
- Email: nguonvon@vietcredit.com.vn
- Phone number: 024.6270.2127 – Ext: 5104/5100/8006
- Hotline number: 0988.361.288