Local banks are seeing increasing number of deposits after the lunar new year as many people believe opening a new account provides good luck.
Waiting at Dong A Bank on February 15
Tien Phong Bank experienced a 50 percent increase in transactions on February 15, compared to normal days. A Kien Long Bank representative said it was common for customers to withdraw money prior to Tet and make deposits in the new lunar year, this year was no exception.
Sacombank branch in HCM City had hundreds of people waiting to make their deposits on February 15.
Employees at Vietinbank said they were operating flat out.
NCB Bank attempted to attract more depositors through offering the chance to win lucky money to clients who deposited over VND20m (USD952).
In order to lure in more customers, Dong A Bank started new promotion campaign that will add 0.1 percent in interest for depositors of over 45 years old or for female customers that make over six-month term deposits. Hundreds of customers went to Dong A Bank in HCM City. Tran Viet Trung, a local, said he decided to deposit the money he earned just before Tet there benefit from the interest rate offer.
