Bank lending and deposit interest rates do not fluctuate much.

Interest rates have not fluctuated much, both in terms of deposit and lending rates, recently, creating conditions for many businesses to access and borrow capital from banks. The State Bank's leaders also affirmed that this agency always strives to manage and regulate to reduce interest rates.

30 credit institutions reduce interest rates

According to statistics from the State Bank, from February to the end of May 2025, 30 credit institutions reduced deposit interest rates, from 0.1 to 1.05%/year.

However, in May alone, the decline in deposit interest rates slowed down. Specifically, in May, only 4 banks adjusted their deposit interest rates downward, namely Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ), Military Commercial Joint Stock Bank (MB), Vietnam Export Import Commercial Joint Stock Bank (Eximbank) and Global Petroleum Commercial Joint Stock Bank (GPBank).

Previously, in April, 9 banks reduced interest rates: VPBank, MB, Eximbank, Nam A Commercial Joint Stock Bank (Nam A Bank), Orient Commercial Joint Stock Bank ( OCB ), VCBNeo Digital Bank, GPBank, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) and Viet A Commercial Joint Stock Bank (VietABank).

"Big 4" banks maintain low interest rates. Photo: VCB

According to the latest interest rate schedule in early June 2025, the "Big 4" banking group, including the Bank for Agriculture and Rural Development of Vietnam ( Agribank ), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) maintained stable and low interest rates.

Accordingly, for the form of saving at the counter, receiving interest at the end of the term, with a term of 1-36 months, the interest rate fluctuates between 1.6 - 4.8%/year. Agribank alone lists higher interest rates for many short terms. Specifically, the interest rate for 1-2 month terms is 2.1%/year, 0.5%/year higher than the other 3 banks.

For terms of 3-5 months, Agribank listed 2.4%/year, while Vietcombank, BIDV and VietinBank were 1.9%/year. For terms longer than 6-11 months, Agribank listed 3.5%/year, higher than the 2.9-3%/year of the other three banks. For terms of 24 months or more, BIDV, VietinBank and Agribank were 4.8%/year, 0.1%/year higher than Vietcombank.

The group of joint stock commercial banks applies much higher interest rates, along with preferential programs for customers depositing large amounts of money. In particular, An Binh Commercial Joint Stock Bank (ABBank) has the highest interest rate of 9.65%/year for deposits of VND1,500 billion or more, with a term of 13 months. Or Vietnam Public Joint Stock Commercial Bank (PVcomBank) applies an interest rate of 9%/year for a term of 12-13 months, if customers have a balance of VND2,000 billion.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) offers interest rates of 8.1%/year for 13-month terms and 7.7%/year for 12-month terms, when customers maintain a balance of VND500 billion or more.

Meanwhile, Vikki Bank Digital Bank offers an interest rate of 7.5%/year for a term of 13 months or more, if the deposit is from 999 billion VND. Loc Phat Commercial Joint Stock Bank (LPBank) applies a rate of 6.5%/year with interest paid at the end of the term, for deposits from 300 billion VND. Meanwhile, Asia Commercial Joint Stock Bank (ACB) has an interest rate of 6%/year for a term of 13 months, for customers depositing 200 billion VND or more.

It is clear that joint stock commercial banks, especially small and medium-sized banks, still apply the strategy of attracting cash flow with high interest rates, but with very large-scale deposit conditions, limiting the target customer group.

According to experts, in the context of the economy still needing medium and long-term capital to recover, this differentiation is forecast to continue in the coming time. Any changes, if any, will mainly appear in the group of joint-stock commercial banks.

Loan interest rates still vary between banks

Regarding lending interest rates, the latest report of the State Bank shows that the average lending interest rate for new transactions of commercial banks is at 6.34%/year, down 0.6%/year compared to the end of 2024.

However, according to the feedback of many businesses, especially small and medium enterprises operating in the fields of manufacturing, construction, agriculture, trade and import-export... the current loan interest rates have a big difference between banks and loan types.

Specifically, short-term loan interest rates range from 4%/year to more than 9.5%/year, with the common rate falling between 6% - 8.5%/year. Medium and long-term loan interest rates range from 5 - 11%/year, but most businesses borrow at 6 - 8%/year.

Vietcombank recently announced the latest average interest rate of 5.6%/year, down 0.1 percentage points compared to the previous period; the average difference between deposit and lending interest rates is 2.8%/year, down 0.1 percentage points compared to the previous period and the interest rate difference after deducting costs related to capital mobilization and capital use is 1.2%/year, down 0.1 percentage points compared to the previous period.

State Bank Governor Thi Hong informed that recently, even when world interest rates increased, the banking industry made efforts to manage and regulate to reduce interest rates.

The banking sector has implemented a number of credit packages, such as loans for the fisheries sector, loans for low-income people to buy social housing..., using financial resources from credit institutions other than the state budget.

Governor Nguyen Thi Hong also shared that, in addition to managing lending activities of credit institutions, the State Bank must also operate monetary policy, contributing to controlling inflation, stabilizing the macro economy, and stabilizing the foreign exchange market.

Sometimes, the banking industry finds it difficult to achieve many goals and requirements at the same time. "This is very difficult and stressful when our economy is highly open and fluctuates unpredictably, but for many years, the State Bank has tried to manage and contribute to improving the business environment for businesses and people," said Ms. Nguyen Thi Hong.

The Governor affirmed that the banking industry always shows determination and the spirit of continuing to accompany and share with businesses and people.

Source: https://hanoimoi.vn/lai-suat-huy-dong-cho-vay-cua-ngan-hang-khong-nhieu-bien-dong-704354.html