According to VietNamNet 's statistics on the online channel, for 6-month, 9-month and 12-month terms at commercial banks in August, only Nam A Bank did not lower its deposit interest rates. The remaining banks all reduced their deposit interest rates, the highest being up to 1.5 percentage points.
In August, banks reduced deposit interest rates in a more substantial way. This is reflected in the fact that the 7% deposit interest rate, which was popular at the beginning of the month, was almost absent by August 31.
In terms of the number of interest rate cuts per month, Eximbank ranked first with 6 adjustments. Second were ACB and VIB with 5 interest rate adjustments.
Techcombank , VietBank, BaoViet Bank and NCB banks reduced interest rates up to 4 times.
Saigonbank, TPBank, Bac A Bank and GPBank reduced interest rates 3 times.
Sacombank, SHB, HDBank, CBBank, MSB, BVBank, VietA Bank, VPBank and MB have reduced interest rates twice since the beginning of the month.
Eximbank has cut interest rates six times, so it is also the leading bank in terms of reduction. Interest rates for 6-month and 12-month terms decreased by 1.4 percentage points after 1 month, to 5.6% and 5.7%/year, respectively. Interest rates for 12-month terms decreased the most, by 1.5 percentage points to 5.7%/year.
ABBank is also a bank that has aggressively lowered interest rates. The 6-month term at this bank has decreased by 1.2 percentage points, to 6%/year on the last day of the month.
Interest rates for 9- and 12-month terms at ABBank decreased the most, up to 1.5 percentage points, to 5.7%/year at the end of August.
VIB also showed its determination in lowering deposit interest rates when the 6 and 9 month terms decreased by 1.2 percentage points, to 6% and 5.7%/year, respectively.
Next is GPBank with a decrease of 1.1 percentage points for deposit terms from 6 to 12 months.
The interest rates for 6- and 9-month deposits at OceanBank, Techcombank, VPBank and TPBank have all decreased by 1 percentage point. The interest rates for 12-month deposits at these banks have decreased by 0.7-0.9 percentage points.
Although ACB lowered interest rates five times in August, the actual reduction was only 0.9 percentage points for 6-9 month terms and 1.1 percentage points for 12 month terms. The interest rate for these three terms is listed at 5.6%/year.
BaoViet Bank, BacA Bank, CBBank, and Saigonbank all reduced interest rates by 0.7-0.8 percentage points for terms of 6 months or more. Saigonbank reduced interest rates by 1.1 percentage points for terms of 12 months.
The group of banks that reduced deposit interest rates by 0.5 - 0.6 percentage points last month included Kienlongbank, MSB, VietBank, SHB, SCB, MB.
The banking group decreased from 0.3 - 0.4 percentage points including NCB, HDBank, BIDV, Vietcombank, VietinBank PVCombank, OCB, PG Bank, SeABank.
The remaining group decreased from 0.1 - 0.2 percentage points including: Agribank, LPBank, Sacombank.
Most notably last month, the “big four” Agribank, BIDV, Vietcombank and VietinBank joined hands to lower deposit interest rates. Currently, the interest rate for terms of 12 months or more in this group is only 5.8%/year, and for terms of 6-9 months is only 4.7-4.9%/year.
It can be seen that a new interest rate level was formed in August with common interest rates ranging from 5.8 - 6.8%/year. Below is the movement of deposit interest rates in August of banks:
| DEPOSITS INTEREST RATE DEVELOPMENTS IN AUGUST IN ORDER OF MOST DECREASE | ||||||
| BANK | 6 MONTHS TERM | 9 MONTHS TERM | 12 MONTH TERM | |||
| August 31 | Down from 7/31 | August 31 | Down from 7/31 | August 31 | Down from 7/31 | |
| EXIMBANK | 5.6 | -1.4 | 5.6 | -1.5 | 5.7 | -1.4 |
| ABBANK | 6 | -1.2 | 5.7 | -1.5 | 5.7 | -1.5 |
| VIB | 5.6 | -1.2 | 5.6 | -1.2 | ||
| GPBANK | 5.95 | -1.1 | 6.05 | -1.1 | 6.15 | -1.1 |
| OCEANBANK | 6.1 | -1 | 6.2 | -1 | 6.4 | -0.9 |
| TECHCOMBANK | 5.65 | -1 | 5.7 | -0.95 | 5.75 | -0.9 |
| VPBANK | 5.5 | -1 | 5.5 | -1 | 5.8 | -0.7 |
| TPBANK | 5.4 | -1 | 5.4 | -1 | 5.8 | -0.7 |
| VIETA BANK | 6.5 | -0.9 | 6.6 | -0.8 | 6.7 | -0.9 |
| ACB | 5.6 | -0.9 | 5.6 | -0.9 | 5.6 | -1.1 |
| CBBANK | 6.6 | -0.8 | 6.7 | -0.8 | 6.9 | -0.8 |
| BVBANK | 6.25 | -0.8 | 6.35 | -0.8 | 6.55 | -0.8 |
| SAIGONBANK | 6 | -0.8 | 6 | -0.9 | 6.2 | -1 |
| BACA BANK | 6.5 | -0.7 | 6.55 | -0.7 | 6.6 | -0.7 |
| BAOVIETBANK | 6.3 | -0.7 | 6.5 | -0.6 | 6.8 | -0.7 |
| KIENLONGBANK | 5.8 | -0.6 | 6 | -0.4 | 6.2 | -0.6 |
| MSB | 5.7 | -0.6 | 5.7 | -0.6 | 5.8 | -0.6 |
| VIETBANK | 6.6 | -0.5 | 6.7 | -0.6 | 6.7 | -0.7 |
| SHB | 6.5 | -0.5 | 6.6 | -0.5 | 6.8 | -0.4 |
| SCB | 6.35 | -0.5 | 6.35 | -0.5 | 6.45 | -0.5 |
| MB | 5.6 | -0.5 | 5.7 | -0.5 | 6.1 | -0.4 |
| NCB | 6.8 | -0.4 | 6.85 | -0.5 | 6.9 | -0.6 |
| HDBANK | 6.6 | -0.4 | 6.7 | -0.2 | 6.8 | -0.2 |
| BIDV | 4.9 | -0.4 | 4.9 | -0.4 | 5.8 | -0.5 |
| VIETCOMBANK | 4.7 | -0.4 | 4.7 | -0.4 | 5.8 | -0.5 |
| PVCOMBANK | 6.7 | -0.3 | 6.7 | -0.3 | 6.8 | -0.3 |
| OCB | 6.4 | -0.3 | 6.5 | -0.3 | 6.6 | 0.4 |
| PG BANK | 6.3 | -0.3 | 6.3 | -0.3 | 6.4 | -0.3 |
| SEABANK | 5.4 | -0.3 | 5.55 | -0.3 | 5.7 | -0.3 |
| VIETINBANK | 4.7 | -0.3 | 4.7 | -0.3 | 5.8 | -0.5 |
| SACOMBANK | 5.9 | -0.2 | 6.05 | -0.35 | 6.3 | -0.3 |
| AGRIBANK | 4.9 | -0.2 | 4.9 | -0.2 | 5.8 | -0.5 |
| LPBANK | 6.3 | -0.1 | 6.3 | -0.1 | 6.4 | -0.2 |
| NAMA BANK | 6.7 | 0 | 6.9 | 0 | 7.1 | 0 |
Source
![[Infographic] Vietnam-Senegal traditional friendship](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/23/4c96a604979345adb452af1d439d457b)
Comment (0)