HSBC to Issue US Dollar Deposit Certificates

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Viet Nam will issue certificates for US dollar deposit for the fourth time in Ho Chi Minh City (HCMC) and Ha Noi from July 24 to September 22, 2006.

The minimum face value of the certificates is US$5,000 for clients in Ha Noi and US$10,000 for those in HCMC.
 
The individual certificates are sold at high interest rates: 4.05% for three-month term, 4.2% six-month term, 4.4% nine-month term and 4.75% 364-day term.
 
HSBC became the first foreign bank to issue certificates for US dollar deposit in Viet Nam, upon its first launch on December 26, 2005.

By H.Vy – Translated by Yen Chuong

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