Exactly one month has passed since the conference on February 25, 2025 between the State Bank of Vietnam (SBV) and commercial banks to thoroughly grasp the Prime Minister's direction and issue a document directing the stabilization of deposit interest rates and reduction of lending interest rates.

The conference aims to concretize the strong promotion of economic growth, ensuring the national GDP growth target of 8% or more in 2025 and implementing the Prime Minister's direction in Official Dispatch No. 19 on strengthening solutions to reduce interest rates.

At the conference, the SBV directed credit institutions to strictly implement the direction of the Government, the Prime Minister and the SBV in stabilizing deposit interest rates; continuing to reduce operating costs, enhancing social responsibility, and being willing to share part of profits to reduce lending interest rates to support people and businesses in accessing bank credit capital.

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For the first time in many years, no bank has increased deposit interest rates for a consecutive month.

The State Bank of Vietnam affirmed that it will inspect commercial banks that have adjusted their deposit interest rates up recently (before February 25); at the same time, it will strengthen inspection, examination and close supervision of the activities of credit institutions, especially the announcement of deposit interest rates, lending interest rates and credit granting activities of credit institutions.

This agency said it will strictly handle violations, especially cases where credit institutions do not publicly disclose interest rate information as directed, and credit institutions compete unfairly on interest rates, not in accordance with the law.

As a result, since the meeting on February 25, no domestic commercial bank has increased its deposit interest rate. On the contrary, 23 domestic commercial banks have lowered their deposit interest rates by 0.1-1% per year depending on the term.

In March, 18 domestic commercial banks reduced deposit interest rates from the beginning of the month, including: PGBank, Viet A Bank, Kienlongbank, Bac A Bank, Eximbank, LPBank, Nam A Bank, NCB, SHB, VCBNeo, VIB, Vikki Bank, MBV, BIDV, Techcombank, VietinBank, OCB, ABBank.

Of which, Eximbank has reduced interest rates 4 times, Kienlongbank has reduced interest rates 3 times; PGBank has reduced interest rates twice since the beginning of the month.

Previously, on February 24, Prime Minister Pham Minh Chinh signed an official dispatch to the Governor of the State Bank of Vietnam regarding strengthening the implementation of solutions to reduce interest rates.

In the dispatch, the Prime Minister requested the State Bank to preside over and coordinate with relevant agencies to immediately inspect and examine commercial banks that have recently adjusted their deposit interest rates and the announcement and implementation of deposit and lending interest rates by credit institutions.

At the same time, the State Bank and relevant agencies need to promptly and strictly handle violations and non-compliance with the instructions of the Government, Prime Minister and the State Bank as prescribed.

The State Bank needs to regularly monitor and closely supervise the developments in deposit and lending interest rates of commercial banks, and implement more drastic and effective solutions within its authority to reduce lending interest rates, creating conditions for people and businesses to access loans at reasonable costs.

ONLINE DEPOSITS INTEREST RATE TABLE ON MARCH 25, 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
BVBANK 3.95 4.15 5.35 5.5 5.8 6
BAOVIETBANK 3.5 4.35 5.45 5.5 5.8 6
EXIMBANK 4 4.3 5.1 5.1 5.3 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 3.7 3.7 5.1 5.2 5.5 5.45
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 5.5 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
Gold price today March 25, 2025 fluctuates at the top, rings and SJC suddenly plummet Gold price today March 25, 2025 on the international market fluctuates strongly, plummets again but still holds the mark of 3,000 USD/ounce. Plain rings and SJC pieces reverse and decrease, to 97-98.2 million VND/tael for gold rings, for sale.

Source: https://vietnamnet.vn/lai-suat-ngan-hang-hom-nay-25-3-2025-khong-nha-bang-nao-tang-lai-suat-2384037.html