According to the latest report of the State Bank, 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; The average interest rate for deposits with terms from 1 month to less than 6 months is from 3.1-4.0%/year;

Interest rates for term deposits from 6 months to less than 12 months average from 4.5-5.4%/year;

Interest rates for term deposits from 12 months to 24 months average from 4.8-6.0%/year;

Average deposit interest rate for terms over 24 months is from 6.9-7.1%/year.

Regarding lending interest rates, the average lending interest rate of domestic commercial banks for new and old loans with outstanding debt is at 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 of Vietnam (4%/year).

The average USD lending interest rate of domestic commercial banks for new and old loans with outstanding debt is at 4.2-5%/year.

Regarding the interest rate movements at banks today, Bao Viet Commercial Joint Stock Bank (BaoViet Bank) has just become the next bank to reduce interest rates.

Accordingly, Bao Viet Bank's interest rate officially left the 6%/year mark after decreasing by 0.1%/year for terms from 15-36 months, to 5.9%/year for online mobilization.

This is the 19th domestic commercial bank to reduce deposit interest rates since the beginning of March. Currently, there are only 3 banks maintaining deposit interest rates from 6%/year according to public announcement, including:

BVBank listed interest rates of 6%/year for online deposits with a term of 18 months, 6.05%/year for a term of 24 months.

GPBank listed online deposit interest rates at 6.05%/year for 12-month terms and 6.15%/year for terms from 13-36 months.

HDBank's online deposit interest rate is listed at 6%/year for a 15-month term and 6.1%/year for an 18-month term.

The remaining domestic commercial bank maintaining a savings interest rate of 6%/year is Viet A Bank, with online deposits of 36 months.

Since the meeting on February 25, no domestic commercial bank has increased its savings interest rate. On the contrary, 24 domestic commercial banks have lowered their interest rates by 0.1-1% per year depending on the term.

In March alone, 19 domestic commercial banks reduced savings interest rates, 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, BaoVietBank.

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

ONLINE DEPOSITS INTEREST RATE TABLE ON MARCH 26, 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 3.7 5.05 5.4 5.8
BAOVIETBANK 3.5 4.35 4.95 5.5 5.8 5.9
BVBANK 3.95 4.15 5.35 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 5.8 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

According to the State Bank of Vietnam, in the week from March 17 to 21, the State Bank of Vietnam withdrew a net VND5,415 billion. Specifically, the State Bank of Vietnam newly issued VND70,837.65 billion on the OMO channel, with an interest rate of 4% (VND52,296 billion for a 7-day term, VND8,988 billion for a 14-day term, VND7,929.4 billion for a 35-day term and VND1,624 billion for a 91-day term), while VND76,252 billion previously issued matured. The State Bank of Vietnam continued to suspend the sale of treasury bills.

Overnight, 1-week, and 2-week interbank interest rates reached 3.97%; 4.1%; and 4.31%, respectively. Overnight interbank interest rates decreased slightly compared to the previous week.

The central exchange rate increased by 34 VND/USD, from 24,779 to 24,813 VND/USD. Meanwhile, the commercial bank exchange rate increased by 73 VND/USD, from 25,519 to 25,592 VND/USD. Currently, VND has depreciated by 0.29% against USD.