VIETNAM: The government-run Bank for Foreign Trade...
From Times Staff and Wire Reports
VIETNAM: The government-run Bank for Foreign Trade offered up to 9.6% interest on dollar deposits to attract some of the hundreds of millions of dollars circulating in the black market. A bank announcement in Nhan Dan, the official Communist Party newspaper, said that beginning Thursday the bank will offer any Vietnamese citizen 6% on non-fixed-term dollar deposits and 9.6% on six-month dollar deposits. It said Vietnamese living at home or abroad could open the accounts with a minimum of $50, with no questions asked about the source of the money.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
