Deposit interest rates at commercial banks in Vietnam remained stable, with some even seeing reductions starting in July 2025, according to the State Bank of Vietnam.
Specifically, BacABank cut interest rates by 0.1 percentage point (ppt) across all deposit terms and types. The Vietnam International Commercial Joint Stock Bank (VIB) also reduced its 36-month over-the-counter deposit rate by 0.1 ppt for amounts between VND1 billion and VND5 billion. BAOVIET Bank lowered its deposit interest rates by 0.15 to 0.2 ppt for terms ranging from 6 to 13 months.
Earlier in the month, Fortune Vietnam Joint Stock Commercial Bank (LPBank) had decreased online deposit rates by 0.2 ppt for terms from 18 to 60 months, while National Citizen Commercial Joint Stock Bank (NCB) saw a 0.1 ppt reduction for some specific deposit terms.
The central bank also reported that lending rates among Vietnamese banks have continued to fall since the beginning of the year. The current average lending interest rate stands at 6.23% per annum, which is 0.7 ppt lower than at the end of 2024.
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