State Bank Says Deposits Hit Record VND 11.4 Quadrillion, Rising Steadily Since Start of Year

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• Smart Money Flow on 19/10: Heavy Selling at ACB Across the Board

  Foreign investors net sold over 866 billion VND in the 19/10 session, their 12th straight session of net selling, while proprietary trading by securities firms net bought over 281 billion VND on HOSE, their second straight day of buying. Foreign net selling was largest at VCB (nearly 104 billion VND), VHM (over 101 billion), ACB (nearly 93 billion) and VJC (about 72 billion), while foreigners net bought nearly 151 billion VND of FRT. Proprietary trading focused on buying CTG (nearly 230 billion VND) and KBC and VPB (over 133 billion each), but net sold over 220 billion VND of ACB. In aggregate, ACB recorded net selling above 313 billion VND and FRT about 144 billion VND, close to foreigners' 151 billion VND net buying.

  Vietstock·19/10, 12:23▼ ACBACBforeign investorsproprietary trading
• Banks begin sharp cuts to deposit rates across many terms on the afternoon of October 19

  The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.

  CafeF·19/10, 08:45▲ VNINDEX▲ ACB▲ BID▲ CTGinterest ratesState Bank of Vietnamsavings accounts
• Governor: 'Interest rates on existing loans should also be considered for cuts'

  Governor Phạm Đức Ấn has asked banks to prioritize rate cuts for production and business loans, applied selectively rather than across the board, and to consider applying them to existing loans. The average lending rate rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate loans for individuals reached 12-14%, and some car loans 16-17%. Banks were told to cut operating costs, share profits and reduce funding costs, including lowering deposit rates for terms of six months or more by at least 0.5%. Several banks, including BIDV, Vietcombank, Agribank and Sacombank, have announced preferential loan packages with rate reductions of up to 2 percentage points.

  VnExpress·19/10, 08:09▲ VNINDEX▼ ACB▼ BID▼ CTGinterest ratesState Bank of Vietnamcredit
• Agribank, Vietcombank, BIDV, MB, ACB, Sacombank, LPBank, VietBank, Nam A Bank Simultaneously Cut Lending Rates

  Following directives from the Government and the State Bank of Vietnam, several banks have simultaneously cut lending rates by 1.5–2 percentage points per year for priority loans and sectors. Agribank reduced rates by up to 2% per year from 19/10, setting aside about VND 2,000 billion, while BIDV launched a preferential program on 15/10 for short-term VND loans starting from 6% per year. Vietcombank has committed to cutting rates by at least 2% by year-end, while MB is cutting 1.5% per year for five priority sectors and may apply up to 2% in some cases. Sacombank will allocate VND 40,000 billion to corporate customers with a 2% rate cut, and ACB is cutting rates by 1.5–2% per year for businesses.

  CafeF·19/10, 06:53• ACB• BID• LPB• MBBinterest ratesbankscredit
• Agribank, Vietcombank, BIDV, ACB, Sacombank, LPBank, VietBank simultaneously cut lending rates

  Following directives from the Government and the State Bank of Vietnam, Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank have simultaneously launched lending rate cut programmes, typically by 1.5-2 percentage points for priority sectors. Agribank will cut lending rates by up to 2% a year from October 19, with about VND 2,000 billion allocated, and continues a VND 70,000 billion preferential credit package. BIDV's preferential programme, starting October 15, 2026, offers loans from 6% a year on short-term VND lending across its system. Vietcombank has committed to cutting rates by at least 2% by year-end, while Sacombank will allocate VND 40,000 billion in preferential capital with a 2% reduction. VietBank is rolling out a VND 3,000 billion package with cuts of at least 1.5% a year until June 30, 2027.

  CafeF·19/10, 06:53• ACB• BID• LPB• STBinterest ratesbankscredit
• Outstanding credit as of October 14 tops 20.7 million billion dong; banks agree to cut lending rates after meeting with the State Bank on the morning of October 19

  As of October 14, 2026, outstanding credit to the economy reached 20,721,583 billion dong, up 11.44% from the end of last year and 16.73% year-on-year. On the morning of October 19, State Bank of Vietnam (SBV) Governor Phạm Đức Ấn met with chairs and CEOs of commercial banks, and the banks agreed to cut interest rates. Specifically, listed deposit rates for terms of 6 months or more will fall by at least 0.5%/year, while lending rates will drop by 1.5–2%/year, focusing on production, business and priority sectors. The backdrop includes Middle East conflict driving up oil prices, several major central banks raising rates and a stronger US dollar, all of which pressure Vietnam's monetary policy. The SBV also asks banks to channel credit into production and business while tightly controlling lending to risky sectors, including real estate.

  CafeF·19/10, 05:08▲ VNINDEX▲ ACB▲ BID▲ CTGinterest ratescreditbanks

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  CNBC·19/10, 15:24▲ XAU/USDSaudi ArabiaHouthigeopolitics
• Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention

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  CafeF·19/10, 15:22▲ XAU/USDUkraineRussiageopolitics
• Semiconductor Sell-Off: 5 Stocks to Buy on the Dip

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  Yahoo Finance·19/10, 15:20▼ NVDAsemiconductorsAI investmentNVDA
• Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line

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  Decrypt·19/10, 15:13▲ ETH/USDTcryptoETHUSDTBitmine
• Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%

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  Yahoo Finance·19/10, 15:05• NVDATSMCsemiconductorsearnings
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  Yahoo Finance·19/10, 15:00• METAearningsMETAartificial intelligence