The State Bank of Vietnam said that the average VND interest rate on the interbank market has tended to fluctuate in opposite directions in some key terms compared to last week.
Specifically, the average overnight bank interest rate increased by 0.22%/year, to 4.33%/year.
On the contrary, the average bank interest rates for 1-week and 1-month terms decreased by 0.32%/year and 0.40%/year, respectively, to 4.11%/year and 4.16%/year.
For USD transactions, average interest rates tended to fluctuate little, decreasing slightly in most terms compared to last week.
Specifically, the average overnight bank interest rate remained unchanged compared to last week and remained at 4.3%/year; the 1-week and 1-month interest rates decreased by 0.02%/year and 0.24%/year, respectively, to 4.31%/year and 4.15%/year.
Regarding VND interest rates, at the regular Government meeting in March, SBV Governor Nguyen Thi Hong said that after the meeting between the SBV and commercial banks, interest rates were adjusted down. The new mobilization interest rate increased by only 0.08%, while lending interest rates continued to decrease by 0.4% compared to the end of 2024.
Notably, according to data just announced by the State Bank of Vietnam, people's deposits at credit institutions (CIs) by the end of December 2024 reached a new record of VND 7,065 trillion, an increase of 8.15% compared to the end of 2023.
Thus, the amount of deposits from residents at credit institutions continuously set new records in the past year. This is also the first time that residents' deposits reached over 7 million billion VND after increasing by nearly 400 thousand billion VND compared to November 2024.
According to statistics, in 2024, at least 10 banks will adjust their deposit interest rates every month. As of December 31, 2024, the bank with the highest 12-month term interest rate is MSB at 6.3%. For the 18-month term, BVBank is the bank with the highest interest rate at 6.3%.
The first half of the year saw over 20 banks adjusting interest rates each month. In particular, in January and June, 26 and 24 banks adjusted (increased or decreased) deposit interest rates, respectively.
In December 2024 alone, 12 banks increased deposit interest rates from the beginning of the month.
However, after February 25 - the time of the meeting between the State Bank and commercial banks - deposit interest rates dropped sharply. Since then, 26 commercial banks have reduced deposit interest rates by 0.1-1.05%/year depending on the term.
Up to now, only a few banks maintain the mobilization interest rate from 6%/year, including GPBank, Viet A Bank and HDBank . Of which, GPBank is the bank with the highest interest rate for 12-month and 18-month terms for online deposit customers, at 6.05% and 6.15% respectively.
Since the beginning of April, several more banks have reduced deposit interest rates, including VPBank , MB and Eximbank.
| INTEREST RATE TABLE FOR ONLINE DEPOSITS OF BANKS ON APRIL 10, 2025 (%/YEAR) | ||||||
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| AGRIBANK | 2.4 | 3 | 3.7 | 3.7 | 4.7 | 4.7 |
| BIDV | 2 | 2.3 | 3.3 | 3.3 | 4.7 | 4.7 |
| VIETINBANK | 2 | 2.3 | 3.3 | 3.3 | 4.7 | 4.7 |
| VIETCOMBANK | 1.6 | 1.9 | 2.9 | 2.9 | 4.6 | 4.6 |
| ABBANK | 3.2 | 3.9 | 5.4 | 5.5 | 5.7 | 5.5 |
| ACB | 3.1 | 3.5 | 4.2 | 4.3 | 4.9 | |
| BAC A BANK | 3.5 | 3.8 | 4.95 | 5.05 | 5.4 | 5.8 |
| BAOVIETBANK | 3.5 | 4.35 | 5.45 | 5.5 | 5.8 | 5.9 |
| BVBANK | 3.95 | 4.15 | 5.15 | 5.3 | 5.6 | 5.9 |
| EXIMBANK | 4 | 4.1 | 5.1 | 5.2 | 5.3 | 5.7 |
| GPBANK | 3.5 | 4.02 | 5.35 | 5.7 | 6.05 | 6.15 |
| HDBANK | 3.85 | 3.95 | 5.3 | 4.7 | 5.6 | 6.1 |
| KIENLONGBANK | 3.7 | 3.7 | 5.1 | 5.2 | 5.5 | 5.45 |
| LPBANK | 3.6 | 3.9 | 5.1 | 5.1 | 5.4 | 5.6 |
| MB | 3.7 | 4 | 4.6 | 4.6 | 5 | 5 |
| MBV | 4.1 | 4.4 | 5.5 | 5.6 | 5.8 | 5.9 |
| MSB | 3.9 | 3.9 | 5 | 5 | 5.6 | 5.6 |
| NAM A BANK | 4 | 4.2 | 4.9 | 5.2 | 5.5 | 5.6 |
| NCB | 4 | 4.2 | 5.35 | 5.45 | 5.6 | 5.6 |
| OCB | 4 | 4.2 | 5.1 | 5.1 | 5.2 | 5.4 |
| PGBANK | 3.4 | 3.8 | 5 | 4.9 | 5.4 | 5.8 |
| PVCOMBANK | 3.3 | 3.6 | 4.5 | 4.7 | 5.1 | 5.8 |
| SACOMBANK | 3.3 | 3.6 | 4.9 | 4.9 | 5.4 | 5.6 |
| SAIGONBANK | 3.3 | 3.6 | 4.8 | 4.9 | 5.6 | 5.8 |
| SCB | 1.6 | 1.9 | 2.9 | 2.9 | 3.7 | 3.9 |
| SEABANK | 2.95 | 3.45 | 3.95 | 4.15 | 4.7 | 5.45 |
| SHB | 3.5 | 3.8 | 4.9 | 5 | 5.3 | 5.5 |
| TECHCOMBANK | 3.25 | 3.55 | 4.55 | 4.55 | 4.75 | 4.75 |
| TPBANK | 3.5 | 3.8 | 4.8 | 4.9 | 5.2 | 5.5 |
| VCBNEO | 4.15 | 4.35 | 5.7 | 5.65 | 5.85 | 5.85 |
| VIB | 3.7 | 3.8 | 4.7 | 4.7 | 4.9 | 5.2 |
| VIET A BANK | 3.7 | 4 | 5.2 | 5.4 | 5.7 | 5.9 |
| VIETBANK | 4.1 | 4.4 | 5.4 | 5.4 | 5.8 | 5.9 |
| VIKKI BANK | 4.15 | 4.35 | 5.65 | 5.95 | 6 | 6 |
| VPBANK | 3.7 | 3.9 | 4.8 | 4.8 | 5.4 | 5.4 |
Source: https://baodaknong.vn/lai-suat-ngan-hang-hom-nay-10-4-2025-lo-dien-quan-quan-lai-tiet-kiem-12-thang-248891.html
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