LPBank is rolling out a system-wide program to cut deposit and lending rates from October 19 to December 31, 2026, in line with directives from the Government and the State Bank of Vietnam. The bank will lower listed deposit rates by 0.5–0.6% per year for tenors of 6 months or more and by 0.05–0.1% per year for shorter tenors. It will also cut lending rates by 1.6–2% per year on new disbursements for short-term production and business loans, targeting individuals, household businesses, micro-enterprises and agriculture and rural areas. The move follows a meeting chaired by Deputy Prime Minister Nguyễn Văn Thắng on October 16, 2026, and the SBV's October 18, 2026 directive asking credit institutions to cut lending rates and reduce operating costs.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: LPBank điều chỉnh hạ lãi suất huy động và cho vay tại nhiều kỳ hạn sau chỉ đạo Chính phủ
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LPBinterest ratesbanksState Bank of Vietnamcredit
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Related tickers and likely impact
LPB
• NeutralLPBank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 113,517 bn VND |
| P/E | 10.1 |
| P/B | 2.64 |
| Close on 10/16/2026 | 38.00 |
| Change that session | +2.15% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- LPBank Cuts Lending Rates to Support Household Businesses and SMEs
LPBank will cut lending rates by 1.6-2% a year on new short-term loans for production and business needs across its network from Oct. 19 to Dec. 31. The bank is also lowering listed deposit rates by 0.5-0.6% a year for terms of six months or longer and by 0.05-0.1% for shorter terms. The program targets individuals, household businesses and micro-enterprises, with priority for agriculture and rural areas, in line with directions from the Government and the State Bank of Vietnam. General Director Vũ Quốc Khánh said the move aims to share customers' difficulties and direct capital to where it is needed.
- Another big bank, VietinBank, cuts lending rates by up to 2% per year
VietinBank announced on October 19 measures to cut lending rates by up to 2% per year to lower capital costs for businesses and households and support production through the end of 2026, prioritizing agriculture, affordable housing and infrastructure. It also runs a VND 50,000 billion credit program through 2028, with rates at least 1% per year below average. Agribank cuts rates by up to 2% per year and keeps a VND 70,000 billion program, Vietcombank pledged cuts of at least 2% by year-end, and BIDV offers loans from 6% per year. The moves follow a State Bank of Vietnam directive on October 18 requiring deposit rate cuts of at least 0.5% per year for terms of 6 months or more, and lending cuts of 1.5–2% per year for production and business.
- Governor: 'Interest rates on existing loans should also be considered for cuts'
Governor Phạm Đức Ấn has asked banks to prioritize rate cuts for production and business loans, applied selectively rather than across the board, and to consider applying them to existing loans. The average lending rate rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate loans for individuals reached 12-14%, and some car loans 16-17%. Banks were told to cut operating costs, share profits and reduce funding costs, including lowering deposit rates for terms of six months or more by at least 0.5%. Several banks, including BIDV, Vietcombank, Agribank and Sacombank, have announced preferential loan packages with rate reductions of up to 2 percentage points.
- Nam A Bank CEO: Call to lower interest rate levels is an important SBV message on market discipline
On October 19, Nam A Bank cut its interest rates in line with directives from the Government and the State Bank of Vietnam: listed deposit rates for terms of 6 months and longer fall by 0.5% per year, and lending rates drop by 1.5–2% per year. The bank will prioritize credit for agriculture, rural areas, exports, SMEs, supporting industries and high-tech enterprises. CEO Trần Khải Hoàn said the call to lower rate levels is an important message on market discipline and stressed that sustainable growth must rest on asset quality, risk management and liquidity safety. He added that Nam A Bank does not use interest rates to attract customers, relying instead on its corporate culture.
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- Monetary Policy Management: State Bank Directives and Balancing Growth with System Safety
According to PGS.TS. Trần Hoàng Ngân, the State Bank's call to cut listed deposit rates by at least 0.5% per year for tenors of 6 months or more, and lending rates by 1.5–2% per year, is a boost for businesses at year-end. Outstanding credit to the whole economy exceeded 20.72 million billion VND as of October 14, 2026, up 11.44% from end-2025. On October 18, 2026, the SBV issued Official Dispatch No. 9608/NHNN-CSTT directing credit institutions to cut rates and costs, avoid deposit rate hikes and not lower credit standards. Some banks moved quickly: BIDV offered short-term VND loans from 6% per year from October 15, 2026, while Vietcombank committed to cut lending rates by at least 2% per year until year-end.
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