Notification of changes on the basis of deposit interest rate calculation

Pursuant to Circular 14/2017/TT-NHNN dated 09/29/2017 of the State Bank about calculating method of interest rate in deposit taking, grant credit between financial institutions and customers, VRB cherish notice as follows:

From 01/01/2018, VRB listed interest rate for term deposit and non-term deposit products at the rate % per year, basis rate per year is 365 days (three hundred and sixty five days). Deposit interest rates are publicly posted at the Head Office, branches, transaction offices of VRB and website: https://vrbank.com.vn/

Formula for calculating deposit interest rate:

Interest=∑ (Actual balance*Actual maintenance days*Interest rate)/365

In which:

i. Actual balance: the closing balance date of the interest calculation deposit balances in term of interest.

ii. Actual maintenance days: The number of days that the actual balance for each day is unchanged.

iii. Interest rate: The term deposit interest rate listed respectively, calculated at the rate %/year is 365 days (three hundred and sixty five days)

Note:

- For the new deposit/spin before 01/01/2018, interest is still being calculated on the basis of 360 days interest until the next turnover.

- For the new deposit/turnover after the 01/01/2018,interest is calculated on the basis of 365 days.

This announcement was seen as part of the Term deposit slip/Application for current account opening in foreign currency/Term deposit contract (or similar contract) that customers are maintaining with VRB.

If you have any questions about this issue, please contact Hotline 1800 6656 or go to any branches or transaction offices of VRB to be consulted.

VRB respectively announce to customers in order to facilitate the transaction. VRB is looking forward to continuing to receive the cooperation of customers.