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Original headline: Ngân hàng có nhiều tiền gửi nhất hệ thống vừa giảm lãi suất tiết kiệm
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interest ratessavings accountsbanksState Bank of VietnamAgribank
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/19/2026 | 1,689.84 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Agribank cuts savings rates for several terms, top counter rate falls to 5.5% per year
Agribank has cut counter deposit rates for terms of six months and longer, lowering its top rate by 0.5 percentage points to 5.5% per year. The 6–11 month rate falls from 4% to 3.5% per year, the 12–18 month rate from 5.9% to 5.4%, and the 24-month rate from 6% to 5.5%. Rates for terms under six months stay unchanged. The move follows the State Bank of Vietnam's request that banks cut listed deposit rates by at least 0.5 percentage points for terms of six months or more, alongside measures to lower lending rates. Agribank, the system's largest deposit-taker, reported nearly VND 2.268 quadrillion in customer deposits in its Q2 2026 financial report.
- Bank Staff Push Last-Minute Deposits Ahead of Interest Rate Cuts
Following a State Bank of Vietnam directive to lower deposit rates, staff at many banks are pushing customers to deposit funds at the last minute before rates fall. The central bank requires banks to cut deposit rates by at least 0.5 percentage point for terms of 6 months and longer, or face tighter credit growth targets. The highest listed rate for 6-12-month terms hit 8% in August, up 2.5 percentage points year on year, while a VnExpress survey found 6-month rates at 8.5-9.2% a year. Since the directive, 15 banks have announced new deposit rate schedules, mostly cutting by 0.5 percentage point to below 7% a year for terms of 6 months and above. Some analysts say rates are near their peak and could ease from early 2027, though a quick reversal is unlikely as credit demand tends to rise toward year-end.
- Savings Interest Rates Cut Across the Board
15 private banks, including ACB, TPBank, Sacombank and SeABank, cut listed deposit rates for terms of 6 months and longer by 0.5–0.7 percentage points on October 19, following a State Bank of Vietnam directive issued October 18. Deposits under 6 months remain capped at 4.75% a year, with most banks unchanged and only a few such as LPBank, ACB and SeABank trimming slightly. Most banks now list 12-month rates below 7% a year (excluding VIP and very large deposits), and about 15 are below 6%. The central bank also asked banks to cut lending rates by 1.5–2 percentage points for production, business and priority sectors, warning that non-compliant banks could face reviews of remaining credit quotas, lower quotas next year or higher safety ratios.
- Banks begin sharp cuts to deposit rates across many terms on the afternoon of October 19
The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.
- Governor: 'Rate cuts must target the right recipients, prioritising production and business'
Governor Phạm Đức Ấn asked banks to cut lending rates selectively, prioritising production and business loans and considering existing debt, not just new loans. Average lending rates rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate personal loans reached 12-14%. Banks must cut deposit rates by at least 0.5% for terms of 6 months and above, and on 19/10 BVBank, LPBank and Vietbank published new rates below 7% a year. BIDV offers loans from 6% a year, Vietcombank pledged to cut lending rates by at least 2 percentage points by year-end, and Sacombank launched a 40,000 billion VND package. The State Bank will closely monitor rates and stands ready to support banks' liquidity, as rate hikes by the Fed, ECB and BOJ in September pressure emerging economies.
- Agribank receives the 2026 WSBI-ESG Sustainable Development Award
Agribank was honored at the WSBI-ESBG SDG Awards 2026 in the 'Inclusive Banking and Social Impact' category for its 'Sustainable business with women-led enterprises' initiative, its second consecutive year in this category. The initiative offers a short-term preferential credit program of VND 5,000 billion, with interest rates up to 0.7% per year below the standard lending floor, to help women-led businesses access stable capital at reasonable cost. Agribank was also recognized in this category in 2025 for its Agribank Plus platform. The bank's representatives also attended the WSBI Asian Regional Group Meeting 2026, discussing digital transformation, artificial intelligence and cybersecurity with peers.
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