SACOMBANK continues to cut lending rates for individual customers, following earlier cuts for corporate clients. The bank has launched preferential credit packages totaling VND 20,000 billion, with rate reductions of 1.5% to 2% per year. Of this, VND 10,000 billion is for individuals borrowing for business operations, including household businesses, to fund working capital, inventory, raw materials and business expansion. Another VND 10,000 billion is set aside to reduce rates for eligible existing borrowers. Earlier, from 20/10/2026, SACOMBANK cut deposit rates by 0.5% per year for terms of 6 months or longer and launched a VND 40,000 billion package for corporate customers with a 2% per year lending rate reduction.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Sau khách hàng doanh nghiệp, SACOMBANK tiếp tục hạ lãi suất cho vay khách hàng cá nhân thấp nhất từ 1,5% đến 2%
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Related tickers and likely impact
STB
• NeutralSaigon Treasure Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 118,957 bn VND |
| P/E | 38.6 |
| P/B | 1.89 |
| Close on 10/21/2026 | 63.10 |
| Change that session | +1.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- SACOMBANK Cuts Lending Rates by 2% Following Government Directive
SACOMBANK is rolling out a VND 40,000 billion preferential credit program in line with Government and State Bank of Vietnam directives, cutting lending rates by 2% per year to preferential rates from 8.5% per year. The program targets domestic enterprises in key industries, import-export companies and foreign-invested enterprises (FDI). Earlier, from 13 August 2026, the bank launched a program for import-export customers offering rate cuts of up to 2%, narrowing its profit margin from about 2.79% to 0.79%. From September 2026, it also supports business households facing cash-flow difficulties and home-loan customers, with rate cuts of up to 1.5–2% per year. The bank is also expanding cashless payment and digital cash-flow management services.
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Sacombank has cut its deposit interest rates by 0.5% per year for terms of 6 months or longer, effective October 20, 2026, in response to the government and State Bank of Vietnam's push to lower interest rates overall. For individual customers depositing under 500 million dong at counters, rates for 6-11 month terms fall to 5.7% per year, while 12-18 month terms range from 5.4% to 5.5% and 24-36 month terms reach 6.2%. Online deposits of 500 million dong for 24-36 months earn up to 7.3% per year. To support businesses, the bank has allocated 40,000 billion dong in preferential funding, cutting lending rates by 2% per year to start from 8.5% per year under program conditions. The program targets domestic businesses in key industries, import-export companies and foreign-invested enterprises.
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- Techcombank cuts lending rates by up to 2%, focusing on production and business activities
Following directives from the Government and the State Bank of Vietnam, Techcombank is cutting lending rates by up to 2% per year, focusing on production and business activities, with a total scale of VND 40,000 billion. The bank is also reducing deposit rates by 0.5% for terms of 6 months or longer, applying to all individual and corporate customers. Its SME and household business support program totals VND 20,000 billion, with VND 10,000 billion rolled out from September 2026 and another VND 10,000 billion added from October 2026, to fund working capital, imports and production expansion. A separate VND 20,000 billion preferential credit program, “Đồng hành cùng doanh nghiệp - Bứt tốc thành công”, targets corporate and financial institution clients in manufacturing, import-export, logistics, energy, infrastructure and agriculture.
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- Helping businesses optimize cash flow during the year-end peak season
MSB has upgraded its flexible secured loan product M-Flex to version 2.0, offering limits of up to VND 25 billion, automatic approval within 4 hours and disbursement within 2 hours, all fully online. Businesses can open guarantees and L/Cs immediately before registering collateral, receive automatic limit renewal after one year, and manage cash flow, transfers and L/Cs on the MSB Business Banking platform. A confectionery manufacturer in Hanoi said it accessed a VND 3 billion credit line to import about 15 tons of raw materials for the Lunar New Year season. MSB is also rolling out a preferential credit program of VND 10,000 billion, with loan rates from 7.5% per year, at least 2% below normal levels.
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