After the meeting on February 25 between the State Bank of Vietnam and commercial banks on interest rates, 21 domestic commercial banks reduced their deposit interest rates by 0.1-0.9 percentage points depending on the term. Some banks have adjusted their interest rates down 2-3 times.
Up to now, the market has not recorded any bank increasing deposit interest rates.
On February 25, BVBank reduced the interest rate at the counter for terms from 6 to 60 months by 0.1-0.4%/year. For online mobilization, BVBank reduced the interest rate online for terms from 6 to 8 months by 0.1%/year; reduced the interest rate 9 to 12 months by 0.25%/year; reduced the interest rate 15 and 18 months by 0.35%/year and reduced the interest rate 24 months by 0.4%.
MSB reduces 0.2%/year for counter deposit interest rates for terms from 13-36 months; reduces 0.2%/year for terms from 1-5 months and 12-36 months for online deposit interest rates.
On February 26, VietBank reduced 0.2%/year in interest rates at the counter for terms of 1-4 and 12 months; reduced 0.3%/year in interest rates for terms of 5-9 months.
For online mobilization, VietBank reduced 0.1-0.4%/year savings interest rate for 4-5 month term, reduced 0.2%/year savings interest rate for 1 and 3 month term, and reduced 0.4%/year savings interest rate for 2 month term.
On February 27, Saigonbank reduced 0.2%/year interest rates for terms from 12-36 months for counter deposits, online deposits and payment deposits of individual customers.
From February 28 to March 6, VIB reduced 0.1%/year interest rate for 6-11 month term for counter deposits of customers with balance from 10 million VND to under 300 million VND; reduced 0.1%/year for 1-36 month term for customers with deposit balance from 300 million VND or more.
For online deposits, VIB reduces interest rates by 0.1-0.2% for deposit terms from 1-36 months.
On February 28, BaoVietBank reduced bank interest rates by 0.1%/year for 12 and 13-month terms, by 0.2%/year for 15-month terms, and by 0.3%/year for 18-36-month terms for counter deposits.
From February 26 to March 1, Kienlongbank reduced interest rates twice, by 0.2-0.9%/year for 1-60 month terms for online deposits; by 0.2-0.3%/year for 12-36 month terms for counter deposits.
On March 1, Bac A Bank reduced 0.1%/year for terms from 1-11 months and reduced 0.2%/year for terms from 12-36 months for counter deposits.
On March 3, VietA Bank reduced 0.1%/year deposit interest rates for terms from 12-36 months for online and counter deposits.
On March 3, LPBank reduced the interest rate for 1-60 month term deposits by 0.1%/year for Diamond, Gold, Ruby membership programs; and reduced the interest rate for online savings by 0.1%/year for terms from 18-60 months.
On March 3-12, PGBank reduced interest rates by 0.2%/year for 24-36 month terms and reduced interest rates by 0.1%/year for 9, 12, and 13 month terms.
On March 5, NCB reduced 0.1%/year interest rates for deposits with terms from 1-60 months both online and at the counter.
At the same time, SHB reduced interest rates by 0.1%/year for terms of 6-11 months, 13 and 15 months; reduced interest rates by 0.2%/year for terms of 12 and 18 months, reduced interest rates by 0.3%/year for terms of 24 and 36 months for deposits at the counter and online.
Also on March 5, Nam A Bank reduced online deposit interest rates by 0.3% per year for terms of 1 month, 3 months and 5 months; reduced interest rates by 0.4% per year for terms of 2 months and reduced interest rates by 0.1% per year for terms of 6-36 months. For deposits at the counter, the bank reduced interest rates by 0.1% per year for 1-month deposits and reduced interest rates by 0.2% per year for 2-5 month deposits.
On March 6, VCBNeo reduced 0.15%/year bank interest rates for terms of 6 months or more for all deposit products, savings deposits at the counter and online.
From February 25 to March 14, Eximbank repeatedly reduced interest rates for a number of programs, with a reduction of 0.6-0.8%/year for terms of 15-36 months; savings deposits decreased by 0.11-0.2%/year for terms of 12-24 months for regular customers and decreased by 0.1%/year for terms of 6-12 months for customers over 50 years old.
For online deposits, Eximbank reduces interest rates by 0.1%/year for 1-5 month term deposits and by 0.2-0.8%/year for online deposits with terms from 6-36 months.
On March 10, BIDV reduced 0.1%/year bank interest rates for terms under 6 months.
Techcombank reduced interest rates by 0.1-0.2%/year for many deposit products at the counter and online with terms from 1-36 months also on this day.
On March 12, MBV reduced 0.2%/year interest rates for terms of 1-3 and 18-36 months for online deposits and counter deposits.
On the same day, Vikki Bank reduced interest rates by 0.1-0.5%/year for terms from 1 to 15 months for online deposits and counter deposits.
On March 14, ABBank reduced 0.1%/year interest rate for 2-60 month term deposits for online and counter deposits.
In March alone, 17 domestic and foreign banks in Vietnam reduced deposit interest rates from the beginning of the month, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, IVB, LPBank, Nam A Bank, NCB, SHB, VCBNeo, Hong Leong Vietnam, VIB, Vikki Bank, MBV, VRB, ABBank.
Of which, Eximbank has reduced interest rates three times; Kienlongbank and PGBank have reduced interest rates twice since the beginning of the month.
| Highest interest rates at banks on March 18, 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 | 1.6 | 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 | 6 |
| BVBANK | 3.95 | 4.15 | 5.35 | 5.5 | 5.8 | 6 |
| EXIMBANK | 4 | 4.3 | 5.2 | 5.2 | 5.4 | 5.6 |
| 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 | 3.9 | 3.9 | 5.3 | 5.4 | 5.7 | 5.5 |
| LPBANK | 3.6 | 3.9 | 5.1 | 5.1 | 5.5 | 5.7 |
| MB | 3.7 | 4 | 4.6 | 4.6 | 5.1 | 5.1 |
| 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 | 5.6 | 5.6 |
| NCB | 4 | 4.2 | 5.35 | 5.45 | 5.6 | 5.6 |
| OCB | 4 | 4.2 | 5.2 | 5.2 | 5.3 | 5.5 |
| 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 | 3.55 | 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 | 3.9 | 4.15 | 5.3 | 5.45 | 5.65 | 5.9 |
| VPBANK | 3.8 | 4 | 5 | 5 | 5.5 | 5.5 |
Source: https://archive.vietnam.vn/lai-suat-ngan-hang-hom-nay-18-3-2025-21-nha-bang-dieu-chinh-sau-chi-dao-nong/
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