Interest rates on new loans in late October fell 0.2–0.5 percentage points from early in the month, according to Deputy Governor Phạm Thanh Hà at the government press conference on Nov 4. The State Bank of Vietnam asked credit institutions to cut deposit rates by 0.5–1% a year for new deposits with tenors of 6 months or more, and to cut lending rates for production, business and priority sectors by 1.5–2%. State-owned commercial banks and foreign banks commonly cut deposit rates by 0.5%, joint-stock banks cut 0.5–0.7%, and over 20 banks announced preferential credit packages with reductions of 0.5–2%. The regulator will keep pushing cuts to both deposit and lending rates and will address institutions that fail to comply. As of Oct 26, outstanding credit across the economy reached over VND 20.8 million billion, up 11.94% from end-2025.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó thống đốc: Lãi suất cho vay mới giảm 0,2-0,5%
Read the original on VnExpress ↗
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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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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