MSB has launched a preferential credit package of up to VND 10,000 billion, with VND loan rates starting from 7.5% per year, at least 2% per year below regular rates. The move follows the State Bank of Vietnam's push for lower lending rates in production, business and priority sectors, and lower deposit rates for terms of six months or longer. MSB has also cut deposit rates by 0.5% per year for those terms. It further upgraded its M-Flex 2.0 financing solution, offering limits of up to VND 25 billion, automated approval within 4 hours and disbursement within 2 hours, subject to conditions.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: MSB triển khai đồng bộ giải pháp lãi suất, hỗ trợ doanh nghiệp vốn ưu đãi từ 7,5%/năm
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MSBinterest ratescreditbanksState Bank of Vietnam
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Related tickers and likely impact
MSB
▲ Likely positiveMSB Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 56,160 bn VND |
| P/E | 9.5 |
| P/B | 1.24 |
| Close on 10/20/2026 | 15.00 |
| Change that session | +1.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- State Bank of Vietnam issues new directive on interest rates
The State Bank of Vietnam (SBV) has instructed commercial banks to substantially cut deposit and lending rates across their entire system and all sales channels, following the Governor's directive at an October 19, 2026 meeting. Specifically, banks must reduce average deposit rates on new transactions with tenors of 6 months or longer by at least 0.5% per year in the final months of 2026, compared with their rates in the reporting period of October 11 to October 20, 2026. The SBV will monitor average rates on new transactions through its statistical reporting system. Banks that fail to comply could face strict measures, including a possible reduction or lower assignment of credit growth targets.
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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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As of October 20, 15 of Vietnam's 46 commercial banks had cut their average lending rates by 1.5–2% on the State Bank of Vietnam's directive. Some banks now offer average lending rates as low as 4.1% per year.
- Bank Staff Push Last-Minute Deposits Ahead of Interest Rate Cuts
Following a State Bank of Vietnam directive to lower deposit rates, staff at many banks are pushing customers to deposit funds at the last minute before rates fall. The central bank requires banks to cut deposit rates by at least 0.5 percentage point for terms of 6 months and longer, or face tighter credit growth targets. The highest listed rate for 6-12-month terms hit 8% in August, up 2.5 percentage points year on year, while a VnExpress survey found 6-month rates at 8.5-9.2% a year. Since the directive, 15 banks have announced new deposit rate schedules, mostly cutting by 0.5 percentage point to below 7% a year for terms of 6 months and above. Some analysts say rates are near their peak and could ease from early 2027, though a quick reversal is unlikely as credit demand tends to rise toward year-end.
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State Bank of Vietnam Governor Phạm Đức Ấn chaired a meeting with credit institutions, urging them to cut interest rates to support businesses and help achieve double-digit economic growth targets. Under Official Dispatch No. 9608/NHNN-CSTT, banks must lower listed deposit rates by at least 0.5 percentage points a year for terms of six months or longer, and cut lending rates by 1.5-2 percentage points for production, business and priority sectors. As of the end of last week, mobilised funds rose 11.22% and credit grew 11.44%, while the gap between đồng loans and mobilised funds narrowed from nearly VND2 quadrillion (US$75.75 billion) to below VND1.5 quadrillion. The SBV strictly prohibits lowering credit standards and may cut credit growth quotas for the rest of 2026 and set lower quotas for 2027 for banks violating interest rate rules. Banks are also urged to tighten control over high-risk lending and to classify bad debts accurately.
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