Implementing the direction of the Government and the Prime Minister on macroeconomic stability, inflation control and growth promotion, the State Bank of Vietnam has just issued Official Dispatch No. 2342/NHNN-CSTT on implementing solutions to stabilize the general level of interest rates.
Accordingly, credit institutions shall seriously and drastically implement the direction of the Governor of the State Bank of Vietnam (SBV) in Directive No. 01/CT-NHNN dated January 9, 2026 on organizing the implementation of key tasks of the Banking sector in 2026 to contribute to maintaining macroeconomic stability, controlling inflation, supporting sustainable economic growth, and ensuring stability and safety of the system.
At the same time, credit institutions (CIs) need to focus on implementing solutions to stabilize the general level of interest rates, contributing to stabilizing the monetary market in accordance with the direction of the Government and the Prime Minister.
Strictly implement the SBV's regulations on interest rates (listing deposit interest rates, maximum deposit interest rates...); strengthen internal control and inspection activities, rectify and strictly and promptly handle violations of interest rates. Continue to announce average lending interest rates, differences between deposit interest rates and average lending interest rates, lending interest rates for credit programs, credit packages and other types of lending interest rates (if any) on the electronic information page of credit institutions so that customers, people, and businesses can easily access credit capital sources.
Along with that, balancing capital sources - using capital to ensure liquidity and solvency of credit institutions, without disrupting the market interest rate level; directing credit into production and business sectors, priority sectors, economic growth drivers, ensuring the safety of credit institution operations according to the policy of the Government, Prime Minister and SBV Governor.
For the State Bank branch in the regions, the management agency requests to strengthen the direction of credit institutions in the area to strictly implement interest rate stabilization solutions. In addition, maintain the transparent disclosure of information on average lending interest rates, differences between deposit and average lending interest rates, lending interest rates for credit programs, credit packages and other types of interest rates, to support customers in accessing capital.
Units also need to monitor and supervise the developments of deposit and lending interest rates in the area; organize periodic or unscheduled inspection and examination teams for credit institutions and branches in the area in complying with interest rate policies. Violations must be detected and handled promptly according to their authority and report to the Governor on issues beyond their authority.
On the side of the central operating agency, the SBV will continue to closely monitor the developments of deposit and lending interest rates, as well as the disclosure of interest rate information by credit institutions; and at the same time strengthen inspection, examination, and supervision of the implementation of policies and directions on interest rate management.
The State Bank requests the entire system of credit institutions and affiliated units to thoroughly grasp and drastically implement the assigned tasks, and be responsible before the law, the Governor of the State Bank and competent authorities in the process of implementation.
