Maybank says lending rates may have peaked after a 16 October meeting in which a deputy minister and banks pledged to cut priority-sector lending rates by 150-200 basis points. The State Bank also asked banks to cut deposit rates for 6-month and longer terms by at least 50 basis points, and BIDV, Vietcombank and Agribank pledged 200 basis point loan cuts through the end of 2026. However, reductions will be uneven across sectors, the conditions for the loan packages have not been disclosed, and a sustainable broad decline to a reasonable level of around 7-10% would require lower capital costs across the system. Longer term, based on Maybank's review of past rating upgrades, achieving investment-grade status could cut Vietnam's foreign borrowing costs by 150-250 basis points, and Maybank expects the upgrade to be accelerated in 2027.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Maybank: Lãi suất cho vay có thể đã đạt đỉnh, Việt Nam có thể giảm chi phí vay nước ngoài
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interest ratesbanksState Bank of VietnamVietnamVNINDEX
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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