VRB ISSUES LONG-TERM REGISTERED CERTIFICATE OF DEPOSIT PHASE 1/2022

In order to provide customers with safe and effective profitable investment opportunities, from 21/3/2022, Vietnam - Russia Joint Venture Bank (VRB) issues certificates of deposit for individual and institutional customers with attractive interest rates.

1. OBJECTIVES OF CUSTOMERS
- Vietnamese organizations and individuals; overseas Vietnamese;
- Foreign organizations and individuals conducting investment activities in accordance with Vietnamese law, including foreign organizations and individuals operating in Vietnam and not operating in Vietnam.
2. OPTIMIZE BENEFITS
- Outstanding interest rate, up to 7.3%/year;
- Diversified maturities;
- Principal and interest are paid throughout the VRB system, regardless of the issuing branch/transaction office;
- Simple mortgage procedure, easy to use capital according to demand;
- Flexible transfer, donation, inheritance.
3. PRODUCT CHARACTERISTICS
- Total issued par value: 500 billion VND
- Currency: VND
- Face value: 100 thousand VND or multiples of 100 thousand VND.
- Minimum total face value of certificates of deposit:
+ For individual customers: 10 million VND
+ For institutional customers: 100 million VND
- Term: 12 months, 13 months, 15 months, 18 months.
- Applicable interest rates:

No.	Term	Interest rate (%/year)
1	12 months	7.10
2	13 months	7.15
3	15 months	7.20
4	18 months	7.30

4. PAYMENT METHODS
- Interest calculation basis: Calculated according to the actual number of days on a yearly basis of 365 days.
- Interest payment method: One time interest payment when due.
5. OTHER PROVISIONS
- The original is paid once to the customer at the time the customer comes to sell the certificate of deposit (original) to VRB.
- No rotation allowed.
- In case customers need to use capital, customers can use mortgage products, discount certificates of deposit to borrow capital at VRB according to regulations from time to time.
- To be paid in full before maturity (no partial prepayment) of certificates of deposit. The applicable interest rate in case of early payment is the demand deposit rate announced by VRB at the time of payment.
- Other contents comply with the Deposit Regulations of VRB, the State Bank and other provisions of law.

For any information that needs support, please contact VRB Branch/Transaction Office (details here) or Hotline (free) 1800 6656