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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Original headline: Ngân hàng Nhà nước có chỉ đạo mới về lãi suất
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State Bank of Vietnaminterest ratesbankscredit
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/21/2026 | 1,738.67 |
| Change that session | +2.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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