Nearly 20 Vietnamese banks have cut deposit rates, generally by 0.5 percentage points per year, while 14 lenders have announced lending rate cuts of mostly 1.5–2 percentage points, and up to 3 points in some cases. The moves follow requests from the Government and the State Bank of Vietnam to lower borrowing costs for businesses and priority sectors. VPBank cut lending rates by 1.5 points for individuals in six key sectors and allocated VNĐ10 trillion (US$380 million) to SME working capital loans, while Vietcombank offers cuts of up to 3 points on certain short-term loans. At an October 19 meeting with 46 commercial banks, SBV Governor Phạm Đức Ấn urged lower rates while safeguarding financial stability, noting that the loan-deposit gap had narrowed from nearly VNĐ2 quadrillion to under VNĐ1.5 quadrillion.
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VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/20/2026 | 1,691.97 |
| Change that session | +0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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