Short-term lending interest rates for priority sectors are currently at 3.9%/year.

Regarding deposit interest rates, the average VND deposit interest rate of domestic commercial banks is at 0.1-0.2%/year for demand deposits and deposits with terms of less than 1 month; 3.1-4.0%/year for deposits with terms from 1 month to less than 6 months; 4.5-5.4%/year for deposits with terms from 6 months to 12 months; 4.8-6.0%/year for deposits with terms from over 12 months to 24 months and 6.9-7.1%/year for terms over 24 months.

Meanwhile, USD deposit interest rates of credit institutions are currently at 0%/year for individual and organizational deposits.

Developments in lending interest rates and deposit interest rates at commercial banks in recent times

Regarding lending interest rates, the average lending interest rate of domestic commercial banks for new and old loans with outstanding balances is 6.7-9.0%/year. The average short-term lending interest rate in VND for priority sectors is about 3.9%/year, lower than the maximum short-term lending interest rate prescribed by the State Bank (4%/year).

The average USD lending interest rate of domestic commercial banks for new and old outstanding loans is at 4.2-5.0%/year.

Source: https://thoibaonganhang.vn/lai-suat-cho-vay-ngan-han-doi-voi-cac-linh-vuc-uu-tien-dang-o-muc-39nam-161824.html