An online survey of deposit rates at 35 banks on October 17 showed spreads of up to 4.3 percentage points at some tenors. Sacombank led the 6-month and 12-month terms at 7.2% and 7.5% a year, while VPBank posted the highest 18-month rate at 7.9%. The Big4 group of banks all offered 6.8% a year for 12 months. Many banks offered about 4.75% a year on 3-month deposits, while SCB's 1.9% was the lowest in the surveyed list.
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Original headline: Lãi suất ngày 17/10 tại Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...
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Related tickers and likely impact
BID
• NeutralBIDV
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 261,737 bn VND |
| P/E | 8.1 |
| P/B | 1.38 |
| Close on 10/16/2026 | 33.95 |
| Change that session | +2.26% |
CTG
• NeutralVietinBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 236,892 bn VND |
| P/E | 5.9 |
| P/B | 1.21 |
| Close on 10/16/2026 | 30.60 |
| Change that session | +2.68% |
HDB
• NeutralHDBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 148,031 bn VND |
| P/E | 7.8 |
| P/B | 1.72 |
| Close on 10/16/2026 | 22.80 |
| Change that session | 0.00% |
MBB
• NeutralMBBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 198,354 bn VND |
| P/E | 6.6 |
| P/B | 1.26 |
| Close on 10/16/2026 | 19.85 |
| Change that session | -0.25% |
STB
• NeutralSaigon Treasure Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 116,506 bn VND |
| P/E | 37.8 |
| P/B | 1.85 |
| Close on 10/16/2026 | 62.80 |
| Change that session | 0.00% |
TCB
• NeutralTechcombank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 235,617 bn VND |
| P/E | 8.7 |
| P/B | 1.32 |
| Close on 10/16/2026 | 33.20 |
| Change that session | +0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bank deposits hit a record high, mainly from individuals
Customer deposits at credit institutions reached about VND 17.77 quadrillion at end-August, up nearly VND 1.26 quadrillion from end-2025 and 11% year on year. Resident deposits reached about VND 11.43 quadrillion, the highest level on record, lifting their share of total deposits to about 64.34%, while corporate deposits stood at about VND 6.34 quadrillion. SSI Research attributes the growth to higher savings rates, with some private banks offering 7-9% a year on certain terms, faster public investment disbursement, and less attractive alternatives such as real estate, gold, foreign currency and digital assets. The firm says liquidity pressure should be watched in the fourth quarter, when year-end credit demand typically rises.
- Bank with the largest customer deposits cuts savings interest rates
- 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.
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