An online survey of deposit rates at 35 banks on October 18 shows Sacombank offering the highest 12-month rate at 7.5% per year, while VPBank leads the 18-month term at 7.9% per year. Agribank, BIDV, Vietcombank and VietinBank all list 6.8% per year for 12 months. At the other end, SCB offers the lowest rates in the list, at 3.7% for 12 months and 3.9% for 18 months. The article puts the gap between the highest and lowest 12-month rates at 3.8 percentage points, and between the highest and lowest 18-month rates at 4 percentage points.
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Original headline: Lãi suất ngày 18/10 tại VPBank, Techcombank, Sacombank, HDBank, Agribank, Vietcombank, BIDV, VietinBank, MB,...
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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.
- On October 19, how much interest would VND 200 million earn after 12 months at ACB, MB, VPBank, Techcombank and SHB?
According to the rate schedule posted the morning of October 19, 12-month at-branch deposit rates at these five banks range from 5.3% to 6.9% a year, with VPBank highest at 6.9% and ACB lowest at 5.3%. On a VND 200 million deposit, at-branch interest would be between VND 10.6 million and VND 13.8 million, a VND 3.2 million gap between VPBank and ACB. Online, rates range from 5.8% to 7.1%; VPBank again leads with VND 14.2 million, while ACB is lowest at VND 11.6 million. These figures assume interest is paid at maturity, the deposit is held for the full 12 months, and there is no early withdrawal; actual rates may vary by time, product and each bank's conditions.
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Vietnam's top leaders are pressing banks to cut lending rates by 1.5-2 percentage points for priority sectors and to reduce deposit rates by at least 0.5 percentage point for maturities of six months or longer. Higher funding costs have pushed some deposit rates above 9% and floating mortgage rates as high as 12-19%, while outstanding credit reached about 20.75 quadrillion dong (US$800 billion) at end-September, up 11.6% year to date. Maybank Investment Bank Vietnam says lending rates have likely peaked and could ease toward a healthier 7-10%, while HSC cautions that preferential programmes should not be read as the start of a broader easing cycle. SSI Research estimates announced megaprojects could absorb at least 30% of net new bank credit between 2026 and 2030, even as the economy expanded more than 9% in the first nine months of 2026.
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