After the government directed banks to cut lending rates by 1.5–2% for production and business and priority sectors, some lenders have started to lower rates. Vietcombank chairman Nguyễn Thanh Tùng pledged to cut lending rates by at least 2% by year-end, while BIDV launched from October 15 a VND short-term loan program with rates from 6% per year, up to 2% lower than usual depending on tenor and sector. The moves are expected to ease financing costs for businesses in the fourth quarter, when capital needs typically surge, but access still depends on sector, financial health and cash flow. An expert noted that high funding costs could limit how far banks can cut rates, so businesses, especially small and medium enterprises, need to be able to actually access the preferential credit.
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Original headline: Ngân hàng bắt đầu giảm lãi suất cho vay
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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