Deposit interest rates have many changes over time
The State Bank of Vietnam has just released a report on interest rate developments of credit institutions in August 2025, showing notable changes. Specifically, the interest rate on deposits in Vietnamese Dong (VND) has a clear differentiation depending on the term.
VND interest rates have changed flexibly. Short-term deposits under 1 month have an average interest rate of 0.2%/year.
For longer terms, interest rates will increase gradually: 3.3-4.1%/year for terms from 1 to under 6 months; 4.6-5.5%/year for terms from 6 to 12 months; and 4.9-6.1%/year for terms from over 12 to 24 months.
The highest interest rate is recorded for terms over 24 months, at 6.8-7.3%/year.
USD interest rates continue to remain stable. USD deposit interest rates at credit institutions remain at 0%/year, applicable to both individuals and organizations.
lending interest rates are flexibly adjusted
Regarding lending interest rates, the State Bank said that the interest rate for VND lending for new and old loans with outstanding loans is an average of 6.5-8.8%/year.
Notably, the average short-term lending interest rate for priority sectors is only 3.9%/year, lower than the maximum ceiling of 4%/year as prescribed by the State Bank, creating favorable conditions for enterprises in this group to access capital.
For USD loans, the average lending interest rate for new and old loans with outstanding loans is 4.0-5.0%/year.
