The Vietnam Technical and Commercial Joint Stock Bank (Tecombank) will issue short-term registered certificate of deposits (CD) on February 15.
The bank will become the first joint stock bank in Vietnam to issue such product, and take part in the issuing and marketing of value-fixed certificates.

Tecombank's new product aims to provide customers with a new service of deposits with attractive interest rates. Tecombank's CDs can be transferred, granted, or mortgaged.

Tecombank will issue 11-month VND5 million and VND50-million CDs, worth a total of VND300 billion, in Hanoi, Hai Phong, Da Nang and Ho Chi Minh City.