Local analysts noted that deposit interest rates in Vietnam are expected to rise by 0.5 to 1 pp in H2 2024, potentially exceeding 6% per annum. This adjustment is in response to recovering credit demand and trends in international markets, making bank deposits a competitive asset class. Rates for a six-month deposit currently stand at 5% per year, with 24-month deposits at 6%, already up by 0.5 pp since last month.