According to information from the State Bank, as of March 3, 10 banks have reduced deposit interest rates at the counter and 7 banks have reduced online deposit interest rates. Previously, on February 25, the State Bank of Vietnam met with representatives of commercial banks to thoroughly grasp the Prime Minister's direction and issue a document directing the stabilization of deposit interest rates and reduction of lending interest rates.
10 banks adjust to reduce listed interest rates
There are 10 commercial banks that have adjusted to reduce listed interest rates for regular customers (at the counter) such as Ban Viet (BVBank), Hai Hai (MSB), Viet Nam Thuong Tin (VietBank), Saigon Thong (Saigon Bank), International (VIB), Bao Viet (BAOVIET Bank), Kien Long (KienlongBank), Bac A (BacABank), Viet A (VietABank),inh Vong and Phat trien (PGBank).
On February 25, 2025, BVBank reduced 0.1-0.4% of terms from 6 to 60 months.
On February 25, 2025, MSB reduced 0.2% of terms from 13-60 months.
On February 26, 2025, VietBank reduced 1-4 and 12-month terms by 0.2%; reduced 0.3% for 5-9 month terms.
On February 27, 2025, Saigon Bank reduced the term from 12-36 months by 0.2% for counter deposits, online deposits and payment deposits of individual customers.
On February 28, 2025, VIB reduced 0.1% of 6-11 month terms for customers with deposit balances from 10 - under 300 million and reduced 0.1% of terms from 1 - 36 months for customers with balances from 300 million or more.
On February 28, 2024, BAOVIETBank reduced 0.1% for a 12.13 month term, reduced 0.2% for a 15-month term and reduced 0.3% for a 18- and 36 month term
On March 1, 2025, KienlongBank reduced the 13-36 month terms by 0.2% and the 60-month term by 0.3%.
On March 1, 2025, BacABank reduced 0.1% of terms from 1-11 months and 0.2% of terms from 12-36 months
On March 3, 2025, VietABank reduced 0.1% of terms from 12-36 months
On March 3, 2025, PGBank reduced 0.2% of its 24-36 month term.
7 banks adjust online deposit interest rates down
There are 7 commercial banks that have adjusted to reduce online deposit interest rates and interest rates for some programs such as Kien Long (KienlongBank), Export-Import Bank Vietnam (Eximbank), Ban Viet (BVBank), Viet Nam Thuong Tin (VietBank), Saigon Cong Thuong (SaigonBank), International (VIB) and Viet A (VietABank).
On February 25, 2025, Eximbank reduced interest rates for a number of programs such as:
+ The "Department for Long-Term" program reduces interest rates by 0.3% for 15-month terms, reduces interest rates by 0.4% for 18, 24, and 36-month terms;
+ The "Sparrow prosperity 50+" program reduced 0.1% for 6.12-month terms;
+ Online deposit program for weekdays and online deposit program for weekends on Saturdays and Sundays decreased by 0.1% for 6, 9, 12 month terms, decreased by 0.3% for 15-month terms, decreased by 0.4% for 18, 24, 36 month terms.
On March 3, 2025, Eximbank continued to reduce interest rates by 0.1% for 6 and 9 month terms for online deposit programs.
On February 25, 2025, BVBank reduced 0.1% for 6-8 month terms; 0.25% for 9-12 month terms; 0.35% for 15.18 month terms, 0.4% for 24-month terms
On February 26, 2025, VietBank reduced 0.1% for 4, 5 month terms, 0.2% for 1, 3 month terms and 0.4% for 2-month terms.
On February 26, 2025, KienlongBank reduced 0.2% of 1-5 month terms; reduced 0.4% of 6-24 month terms, 0.6% of 36 month terms and 0.7% of 60-month terms. On March 1, 2025, KienlongBank continued to reduce 0.2% of 13-60 month terms.
On February 27, 2025, SaigonBank reduced 0.2% of 12-36 month terms.
On February 28, 2025, VIB reduced 0.1% of terms from 1-36 months for customers with online deposit balances of 2 million or more.
On March 3, 2025, VietABank reduced 0.1% of terms from 12-36 months.
