Viet commercial banks’ deposit and lending rates decline

BacABank, VIB, BAOVIET Bank, LPBank, and NCB have cut their deposit interest rates.

Deposit interest rates amongst commercial banks in Vietnam remained stable, with some even reducing their interest rates beginning July 2025, according to the State Bank of Vietnam.

BacABank has cut down 0.1 percentage point (ppt) for all terms and types of deposits, the central bank said in a report on 24 July 2025.

Vietnam International Commercial Joint Stock Bank (VIB) has reduced 0.1 ppt for their 36-month term for over-the-counter deposits for amounts from VND1b to under VND5b.

BAOVIET Bank has also reduced its deposit interest rate from 0.15 to 0.2 ppt for the terms 6 to 13 months.

Earlier, Fortune Vietnam Joint Stock Commercial Bank (LPBank) had cut down 0.2 ppt for online deposits with terms from 18 to 60 months; whilst the National Citizen Commercial Joint Stock Bank (NCB) had reduced 0.1 ppt for some certain deposit terms.

Lending rates amongst banks in Vietnam had also continued to decline since the beginning of the year, the central bank said. Current average lending interest rate is 6.23% per annum, 0.7 ppt lower compared to end-2024.