Continue to operate interest rates flexibly, supporting people and businesses

Customers transact at a bank in Tuy Hoa City. Photo: VIET AN

Currently, the VND mobilization interest rate at credit institutions is flexibly adjusted. Specifically, the interest rate for non-term deposits and deposits under 1 month is commonly at 0.1-0.5%/year; from 1 to under 6 months is at 0.5-4.75%/year; from 6 to under 12 months is on average 4.06-5.2%/year; from 12 months or more is at 4.64-5.84%/year. The USD mobilization interest rate remains at 0%/year.

Regarding lending interest rates, for priority sectors, short-term interest rates are commonly around 4% per year. Normal production and business loans have short-term interest rates ranging from 5.89-10.06% per year, medium and long-term from 7.41-11.16% per year. In the consumer sector, banks lend short-term at an average interest rate of 7.14-10.62% per year and medium and long-term from 6.99-11.69% per year. Short-term USD loans range from 3.4-9% per year; medium and long-term from 4.5-11.77% per year.

By the end of April 2025, the total mobilized capital in the whole area was estimated at VND 48,255 billion, up 7.2% compared to the beginning of the year. Of which, deposits in the regions accounted for 99.66%, equivalent to VND 48,089 billion. Outstanding loans reached VND 57,402 billion, up 4.3%; of which short-term loans were VND 37,246 billion (up 35.1%), medium and long-term loans were VND 20,156 billion (up 2.7%).

Flexible management of interest rates and credit, closely following the orientation of the Government and the State Bank, has contributed to removing difficulties for borrowers and promoting economic recovery in the province.

Source: https://baophuyen.vn/kinh-te/202505/tiep-tuc-dieu-hanh-lai-suat-linh-hoat-ho-tro-nguoi-dan-va-doanh-nghiep-3204a1d/