On July 22, the State Bank of Vietnam (SBV) said that since the beginning of the year, deposit interest rates of commercial banks have been relatively stable, and some banks have adjusted deposit interest rates down.
Since the beginning of July, some commercial banks have adjusted deposit interest rates down, including Bac A Commercial Joint Stock Bank reducing all terms and types of deposits by 0.1%; VIB International Bank reducing 0.1%/year for the 36-month term of deposits at the counter for the range from 1 billion VND to under 5 billion VND; Bao Viet Bank adjusted down 0.15 - 0.2%/year for 6 - 13 month terms...
Previously, some banks have also adjusted their listed deposit interest rates down, such as Loc Phat Bank Vietnam (LPBank) reducing 0.2%/year for terms from 18 to 60 months for online deposits, National Bank (NCB) reducing 0.1%/year depending on the term...
Similarly, lending interest rates have continued to decrease since the beginning of the year. The new average lending interest rate is 6.23%/year, down 0.7%/year compared to the end of 2024, thereby contributing to supporting businesses and individuals in developing production and business.
