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Production of bean sprouts using the toxin 6-Benzylaminopurine (6-BAP) has led to criminal proceedings in Lao Cai, authorities said, after police uncovered a facility supplying toxic sprouts to wholesale markets. On April 4, Lao Cai Provincial Police announced the indictment of Chu Thi Hoa (born 1990, from Phu Tho) for…
VietABank has adjusted savings deposit rates across a range of tenors, becoming the first bank to publish an updated savings rate schedule in April. The changes include both online and on-counter savings deposit rates, with higher rates starting from the 6-month tenor.
Under VietABank’s online savings rate schedule with terminal interest, rates for short tenors of 1–2 months are maintained at 4.7% per year. The 3–5 month tenor remains at 4.75% per year.
From the 6-month tenor and above, rates increase by roughly 0.4 percentage point per year. Specifically:
For on-counter savings deposits, VietABank also adjusts rates in line with the online schedule. The 1-month tenor is set at 4.6% per year, while the 2-month tenor is 4.7% per year and the 3–5 month tenor is 4.75% per year.
For longer tenors, the on-counter rates are:
Deposit rates had risen broadly in March, affecting both small banks and large banks, including the Big4. Statistics indicate that more than 20 banks increased deposit rates in March, including VPBank, Sacombank, VietBank, MB, SHB, NCB, Techcombank, VietinBank, BIDV, Vietcombank, and Agribank.
Many banks implemented multiple rate increases, typically ranging from 2 to 4 adjustments. The increases were mainly applied to tenors of 6 months and longer, with changes ranging from 0.1% to 1.4%.
The article notes that actual market deposit rates often exceed published rates by a noticeable margin. In some cases, rates for tenors from 6 months upward have been reported as high as 9% per year.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
