The deputy prime minister urged the State Bank of Vietnam (SBV) to swiftly cut lending rates by 1.5–2 percentage points for production, business and government-prioritized sectors, while keeping financial stability and inflation under control. The push comes as the average lending rate reached 10.7% in August, up 0.2 percentage points from July and around three percentage points from a year earlier; personal loans reached 17–18%, and some banks' deposit rates neared 10%. Small and medium-sized businesses said they still struggle to access preferential credit, and one food business owner repaid a 9–10% loan but was quoted 13–14% for a new one. The government also ordered tighter supervision over bad debts, risky real estate lending, cross-ownership and banking misconduct, requiring banks to publicly disclose lending rates and facing penalties for noncompliance. BIDV launched short-term dong loans from six percent a year on October 15, and Vietcombank pledged to cut lending rates by at least two percentage points a year through the end of 2026.
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interest ratesState Bank of VietnambanksVietnam
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| 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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