According to the State Bank of Vietnam (SBV), the deposit interest rates at the commercial banks have remained relatively stable, while the lending interest rates have continued the downward trend.
Since the beginning of the year, the deposit interest rates at the commercial banks have generally remained stable, and are even going down slightly at some banks.
Remarkably, since the beginning of July 2025, a number of commercial banks have continued to reduced their deposit interest rates. Specifically, BacABank has cut down 0.1 percentage point for all terms and types of deposits; the VIB has reduced 0.1 percentage point for their 36-month term for over-the-counter deposits for amounts from 1 to under 5 billion VND; BAOVIET Bank has reduced from 0.15 to 0.2 percentage points for the terms from 6 to 13 months.
Previously, a number of banks had also reduced their deposit interest rates. Specifically, LPBank had cut down 0.2 percentage points for online deposits with terms from 18 to 60 months; the NCB had reduced 0.1 percentage point for some certain deposit terms.
In parallel with that, the lending interest rates have also continued to decline since the beginning of the year. Currently, the average lending interest rate stands at 6.23% p.a., a decrease of 0.7 percentage points as compared to the end of 2024. This development is expected to actively support the businesses and individuals in expanding their production and business.
In addition, the SBV will also encourage the credit institutions to implement more preferential loan packages to direct the capital flows into the priority areas based on the policy objectives.
HY