Following directives from the Government and the State Bank of Vietnam, Techcombank is cutting lending rates by up to 2% per year, focusing on production and business activities, with a total scale of VND 40,000 billion. The bank is also reducing deposit rates by 0.5% for terms of 6 months or longer, applying to all individual and corporate customers. Its SME and household business support program totals VND 20,000 billion, with VND 10,000 billion rolled out from September 2026 and another VND 10,000 billion added from October 2026, to fund working capital, imports and production expansion. A separate VND 20,000 billion preferential credit program, “Đồng hành cùng doanh nghiệp - Bứt tốc thành công”, targets corporate and financial institution clients in manufacturing, import-export, logistics, energy, infrastructure and agriculture.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Techcombank giảm lãi suất cho vay đến 2%, tập trung vào hoạt động sản xuất kinh doanh
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TCBinterest ratesbankscreditVietnam
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Related tickers and likely impact
TCB
• NeutralTechcombank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 243,767 bn VND |
| P/E | 8.5 |
| P/B | 1.30 |
| Close on 10/21/2026 | 34.40 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Latest Lending Rates at Banks
As of October 20, 15 of Vietnam's 46 commercial banks had cut their average lending rates by 1.5–2% on the State Bank of Vietnam's directive. Some banks now offer average lending rates as low as 4.1% per year.
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Vietnam's top leaders are pressing banks to cut lending rates by 1.5-2 percentage points for priority sectors and to reduce deposit rates by at least 0.5 percentage point for maturities of six months or longer. Higher funding costs have pushed some deposit rates above 9% and floating mortgage rates as high as 12-19%, while outstanding credit reached about 20.75 quadrillion dong (US$800 billion) at end-September, up 11.6% year to date. Maybank Investment Bank Vietnam says lending rates have likely peaked and could ease toward a healthier 7-10%, while HSC cautions that preferential programmes should not be read as the start of a broader easing cycle. SSI Research estimates announced megaprojects could absorb at least 30% of net new bank credit between 2026 and 2030, even as the economy expanded more than 9% in the first nine months of 2026.
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