Interest rates fall, credit increases.

- Following the directives of the Prime Minister and the State Bank of Vietnam (SBV) on reducing interest rates to support economic recovery and growth, commercial banks in the province have proactively adjusted and reduced deposit and lending interest rates. Along with lowering interest rates, credit institutions have also implemented many solutions to support customers, prioritizing capital for production and business, contributing to economic growth.

Agribank staff at Dinh Lap branch, Lang Son province, advise customers on preferential loan packages.

Immediately after receiving the directive, the Lang Son branch of the Agricultural and Rural Development Bank (Agribank Lang Son) seriously implemented measures to support people and businesses in recovering and developing production and business activities.

Mr. Nguyen Hong Duc, Director of Agribank Lang Son, stated: The branch has issued internal directives, requiring subordinate units to strictly adhere to the direction of reducing interest rates as instructed by the Governor of the State Bank of Vietnam. Simultaneously, the Planning and Risk Management Department has been assigned as the focal point to monitor, supervise, and summarize implementation results, regularly reviewing the implementation situation at various units to promptly correct any cases that have not complied with the directive. From April 2026, the bank has adjusted interest rates down by 0.5%/year for deposits with terms of 24 months or more for individual customers; and reduced lending interest rates by 0.5 – 2.5%/year (depending on purpose, target, and term). In addition, the unit prioritizes capital allocation to agriculture and rural areas, promoting production and business in the province.

Similarly, at Saigon - Hanoi Commercial Joint Stock Bank, Lang Son Branch (SHB Lang Son), the bank is also strictly implementing the directives from higher authorities regarding reducing interest rates. Mr. Do Van Hiep, Director of SHB Lang Son, said: Following the directives of the State Bank of Vietnam, the branch has adjusted deposit interest rates down by 0.5% per year. For lending interest rates, the bank has proactively adjusted them by 1.5 - 2% per year (depending on the purpose, borrower, and term). In the coming time, based on market developments and capital balance, the bank will continue its interest rate reduction plan to stabilize credit levels.

Not only the two banks mentioned above, but from mid-April 2026 to the present, many commercial banks in the province have simultaneously adjusted down deposit and lending interest rates to support economic growth, with reductions of 0.5% per year or more.

The continued downward adjustment of interest rates has created favorable conditions for businesses and individuals in the province to access capital at lower costs. This contributes to reducing financial pressure and supplementing resources for expanding production and business in the context of a gradually recovering economy.

As a business that frequently borrows capital for production and business activities, Ms. Ngo Thi Thuy Ha, Director of Phuong Nam Import-Export Co., Ltd., Dong Kinh Ward, said: "In early April 2026, my family was given the opportunity to borrow 30 billion VND from Agribank to support the production and business of consumer goods, with an interest rate of 6.5% per year. The reduction in lending interest rates has helped the business save significantly on financial costs, creating conditions for re-expanding production scale and gradually increasing income for workers."

According to information from the State Bank of Vietnam Region 5, the gradual "cooling down" of interest rates has contributed to positive changes in credit growth in the province. To date, the total outstanding loans of credit institutions in the province have reached VND 55,450 billion, an increase of 15.68% compared to the same period last year, and an increase of 4.62% compared to December 31, 2025.

In the coming period, the State Bank of Vietnam Region 5 will strengthen monitoring and supervision of deposit and lending interest rate developments in the area; organize regular or unscheduled inspections of credit institutions in the area regarding the implementation of regulations on interest rate policies; and promptly and strictly handle, within its authority, violations of regulations on interest rates, capital mobilization, and credit granting.

Source: https://baolangson.vn/lai-suat-ha-nhiet-tin-dung-tang-toc-5094484.html