23 banks lower deposit interest rates

NDO - The latest statistics from the State Bank show that from February 25 to March 18, 23 domestic commercial banks have adjusted interest rates down by 0.1-1% per year depending on the term.

Specifically, 23 commercial banks have lowered interest rates, including BVBank, MSB, VietBank, Saigonbank, VIB, BAOVIET Bank, KienLongBank, BAC A Bank, VietABank, PGbank, EXimBank, LPBank, NamABank, SHB , NCB, VCBNeo, BIDV, Techcombank, Vikki Digital Technology, MBV, Phuong Dong (OCB), VietinBank, ABBank. Since the beginning of March, 18 domestic banks have reduced interest rates.

Along with deposit interest rates, lending interest rates have also decreased to support businesses. According to the State Bank, in 2023, the average lending interest rate decreased by 1.3% compared to the beginning of the year. In 2024, the average lending interest rate decreased by 1.4%. In 2025, from the beginning of the year until now, lending interest rates have decreased by 0.8%.

Vietcombank Deputy General Director Nguyen Viet Cuong said that since 2023, Vietcombank has always reduced interest rates to support economic development. In 2025, following the direction of the State Bank, Vietcombank will take the lead in maintaining low interest rates, keeping input interest rates low, and cutting costs to reduce lending rates.

Meanwhile, according to Agribank Deputy General Director Doan Ngoc Luu, in 2024, Agribank reduced lending interest rates 4 times, bringing the interest rate level down nearly 2% compared to 2023 and among the lowest in the market. Particularly for FDI enterprises in the northern region, Agribank implemented a low-interest loan package of 2.4 - 3.9%/year.

Source: https://nhandan.vn/23-ngan-hang-ha-lai-suat-huy-dong-post866210.html