According to VnExpress's tally of 30 banks, average lending rates kept rising in September, with OCB highest at 11.38% a year, followed by Techcombank (11.24%), TPBank (11.03%) and BVBank (11%). Other private banks mostly quoted 10.2-10.8%, VIB, ACB, PVcomBank and several others were around 9-9.8%, while BIDV and Agribank were at 7.73% and 8.42%. On October 18, the State Bank of Vietnam asked banks to cut lending rates by 1.5-2 percentage points for production, business and priority sectors, and to lower deposit rates for terms of 6 months or longer by at least 0.5 points. Banks that do not comply may face measures, including reduced or lowered credit growth targets. The August average lending rate was 10.7%, 1.7 points above late last year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nhiều ngân hàng cho vay bình quân trên 11% trước đợt hạ lãi suất
Read the original on VnExpress ↗
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interest ratesbanksState Bank of VietnamVietnamcredit
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/21/2026 | 1,738.67 |
| Change that session | +2.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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As of October 14, 2026, outstanding credit across the economy exceeded VND 20.72 million billion, up 11.44% from end-2025, while deposit mobilization grew 11.22% as of the October 19 meeting, lagging credit growth. The article says demand for capital is rising faster than banks' ability to raise funds, even though household deposits rose 10.63% to about VND 11.43 million billion by end-August. It warns that simply raising deposit rates could push up funding costs and make lending rates harder to cut. At the October 19 meeting, the State Bank of Vietnam asked banks to cut deposit rates by at least 0.5 percentage points for terms of 6 months or more and lending rates by 1.5-2 percentage points for production, business and priority sectors. Banks including BIDV, Agribank and Vietcombank have announced support programs, but the article argues that effectiveness should be judged by how many firms actually access capital and the real reduction in borrowing costs.
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