Sacombank has cut its deposit interest rates by 0.5% per year for terms of 6 months or longer, effective October 20, 2026, in response to the government and State Bank of Vietnam's push to lower interest rates overall. For individual customers depositing under 500 million dong at counters, rates for 6-11 month terms fall to 5.7% per year, while 12-18 month terms range from 5.4% to 5.5% and 24-36 month terms reach 6.2%. Online deposits of 500 million dong for 24-36 months earn up to 7.3% per year. To support businesses, the bank has allocated 40,000 billion dong in preferential funding, cutting lending rates by 2% per year to start from 8.5% per year under program conditions. The program targets domestic businesses in key industries, import-export companies and foreign-invested enterprises.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SACOMBANK giảm 0,5%/năm lãi suất huy động, hưởng ứng chủ trương của Chính phủ
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interest ratesbanksSTBState Bank of Vietnam
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Related tickers and likely impact
STB
▲ Likely positiveSaigon Treasure Bank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 118,957 bn VND |
| P/E | 38.6 |
| P/B | 1.89 |
| Close on 10/20/2026 | 62.30 |
| Change that session | +0.81% |
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.
Related news
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