SACOMBANK is rolling out a VND 40,000 billion preferential credit program in line with Government and State Bank of Vietnam directives, cutting lending rates by 2% per year to preferential rates from 8.5% per year. The program targets domestic enterprises in key industries, import-export companies and foreign-invested enterprises (FDI). Earlier, from 13 August 2026, the bank launched a program for import-export customers offering rate cuts of up to 2%, narrowing its profit margin from about 2.79% to 0.79%. From September 2026, it also supports business households facing cash-flow difficulties and home-loan customers, with rate cuts of up to 1.5–2% per year. The bank is also expanding cashless payment and digital cash-flow management services.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SACOMBANK giảm lãi suất cho vay 2% sau chỉ đạo của Chính phủ
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Related tickers and likely impact
STB
▼ Likely negativeSaigon Treasure Bank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 118,392 bn VND |
| P/E | 38.4 |
| P/B | 1.88 |
| Close on 10/16/2026 | 62.80 |
| Change that session | 0.00% |
VNINDEX
▲ Likely positiveRelevance: low
| 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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