All 46 commercial banks have cut listed deposit rates by 0.5-0.7% a year for terms of 6 months or longer, creating room to lower lending rates. In late October 2026, new deposit rates fell about 0.4% a year on average and new lending rates fell 0.2-0.5% a year from mid-month, while more than 20 banks announced preferential credit programs cutting rates by 1.5-2% a year. Vietcombank cut up to 3% a year for sectors such as consumer trade and petroleum trade, and Agribank reduced rates on about 200,000 billion VND of existing loans by up to 2.5%. Businesses such as Tôn Thép Việt Pháp said lower interest costs are saving hundreds of millions of VND a month, just as year-end capital demand rises.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tất cả 46/46 ngân hàng đã giảm lãi suất huy động, làn sóng giảm lãi suất cho vay lan rộng
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interest ratesbankssavings accountscreditVietnam
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 11/04/2026 | 1,733.02 |
| Change that session | +1.97% |
ACB
▲ Likely positiveAsia Commercial Bank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 117,540 bn VND |
| P/E | 7.3 |
| P/B | 1.13 |
| Close on 11/04/2026 | 20.50 |
| Change that session | +1.23% |
BID
▲ Likely positiveBIDV
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 246,570 bn VND |
| P/E | 7.1 |
| P/B | 1.25 |
| Close on 11/04/2026 | 32.45 |
| Change that session | +2.37% |
CTG
▲ Likely positiveVietinBank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 233,397 bn VND |
| P/E | 5.5 |
| P/B | 1.13 |
| Close on 11/04/2026 | 31.05 |
| Change that session | +3.33% |
EIB
▲ Likely positiveEximbank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 29,897 bn VND |
| P/E | 156.4 |
| P/B | 1.12 |
| Close on 11/04/2026 | 16.55 |
| Change that session | +3.12% |
HDB
▲ Likely positiveHDBank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 141,850 bn VND |
| P/E | 7.3 |
| P/B | 1.58 |
| Close on 11/04/2026 | 22.20 |
| Change that session | +1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Households Add About 7,000 Billion VND a Day to Bank Deposits
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About 26 banks have announced cuts to their listed deposit rates since 18/10, yet a Tien Phong survey on 26/10 found that customers with large deposits were still offered rates well above the listed levels, which are commonly 5-6%/year. One state-owned bank advised 8%/year for a 6-month term while its counter table showed 3%/year, and another bank's app displayed 9.0%/year for 6 months against a listed 5.7%/year. On 21/10/2026, the State Bank of Vietnam asked banks to make genuine cuts to deposit and lending rates, with the average rate on new deposits of 6 months or longer to fall by at least 0.5%/year in the final months of the year. Rong Viet Securities (VDSC) expects deposit rates to fall quickly in the short term but finds deep cuts hard in 2027, since the gap between deposits and credit remains large, although it has narrowed from about 2.8 million billion VND to about 2.35 million billion VND.
- Momentum of savings rate increases likely ended
According to newly released State Bank of Vietnam (SBV) data, average deposit rates at commercial banks rose a further 0.1 percentage points in September, extending the upward run to 11 consecutive months, though the pace has slowed from 0.3 points a month in late last year and early this year. The article says the rise is likely to end this month after many banks cut their minimum deposit rates by 0.5 percentage points on SBV instructions. Under dispatch No. 9736/NHNN-CSTT dated 21 October 2026, the SBV requires commercial banks to cut 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 rates reported between 11 October and 20 October 2026. Many analysts expect rates to hold flat until year-end and decline gradually from 2027, while the SBV warns that banks failing to comply could face tougher measures, including reviewing or lowering credit growth targets.
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