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According to a report by market research firm AC Nielsen (2018), more than 70% of Vietnamese people consider saving as their favorite choice.

However, in addition to savings, non-financial people can choose other forms of investment so that `money does not lie dormant`.

Customers deposit money at the bank.

Certificates of deposit

Certificates of deposit are documents with a price similar to savings books, issued by banks in installments depending on capital mobilization needs.

Buyers of certificates of deposit are usually not allowed to withdraw before maturity but can transfer and mortgage them to borrow capital.

Bank bonds

Bank bonds are another type of valuable paper issued by banks, with different denominations, and low risk.

Interest rates on 2-3 year term bank bonds are usually from 6.5% to 7.3% per year, equivalent to long-term savings interest rates, but the amount of money spent is larger.

Regarding liquidity, this type of bond is not allowed to be paid before maturity, but banks can buy it back after about half the time.

It should be noted that currently, many banks also distribute bonds issued by businesses with interest rates of up to 11-13% a year, even up to 20%.

Open fund

In addition to products provided by banks, people can also put money into fund certificates of open funds, distributed through banking channels.

The minimum amount that can be invested in an open fund is usually several million VND.

Take for example the open-ended fund VCBF, a joint venture between Vietcombank and FTI.

Regarding liquidity, customers can withdraw money from the fund at any time.

In general, fund certificates are suitable for people who do not have enough investment knowledge, do not have time to monitor the market daily, are willing to accept risks and want good long-term returns.

State Treasury Bonds

Banks also distribute bonds of the State Treasury (Ministry of Finance) to individual investors.

Government bonds have terms of 2 years, 3 years, but most have long terms of 5 years or more, 10 years, 15 years, 30 years.

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