The State Bank of Vietnam (NHNN) has issued Document No. 9608/NHNN-CSTT dated 18/10/2026, directing credit institutions to strictly follow government and central bank interest rate directives and avoid unfair competition. Institutions that fail to comply before the end of 2026 may have their remaining 2026 credit growth targets reviewed, receive a lower credit growth target for 2027, or be required to meet higher safety ratios than prescribed. Immediately, credit institutions must cut listed deposit rates for terms of 6 months or longer by at least 0.5% per year and reduce lending rates by 1.5-2% per year, focusing on production, business and priority sectors. They are also asked to cut costs, share profits and avoid aggressive deposit rate hikes.
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Original headline: NHNN: Ngân hàng không tuân thủ chỉ đạo về lãi suất có thể bị giảm room tín dụng, yêu cầu tỷ lệ bảo đảm an toàn cao hơn mức quy định
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State Bank of Vietnaminterest ratescreditbanks
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Related tickers and likely impact
VNINDEX
▼ Likely negativeRelevance: 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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