VIETNAM: The government-run Bank for Foreign Trade...
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.
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