Banks that have increased deposit interest rates since the beginning of the year include:

Agribank, Bac A Bank, NCB, MBV, Eximbank (3 times), KienlongBank (2 times), VietBank, ABBank, BaoViet Bank, BVBank, Techcombank, Viet A Bank.

In addition to increasing deposit interest rates, some of the above banks also reduced deposit interest rates at other terms, or at the same terms that were previously increased.

These include NCB, ABBank, Eximbank and Agribank. Some banks have reduced their interest rates completely, such as SeABank, Nam A Bank, Bac A Bank. Of which, Bac A Bank has reduced its savings interest rates in both January and February.

INTEREST RATE TABLE FOR ONLINE DEPOSITS ON FEBRUARY 15, 2025 AT BANKS (%/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 4 5.5 5.6 5.8 5.6
ACB 3.1 3.5 4.2 4.3 4.9
BAC A BANK 3.6 3.9 5.05 5.15 5.6 6
BAOVIETBANK 3.3 4.35 5.45 5.5 5.8 6
BVBANK 3.95 4.15 5.45 5.75 6.05 6.35
DONGA BANK 4.1 4.3 5.55 5.7 5.8 6.1
EXIMBANK 4.1 4.4 5.4 5.4 5.6 6.5
GPBANK 3.5 4.02 5.35 5.7 6.05 6.15
HDBANK 3.85 3.95 5.3 5.7 5.6 6.1
IVB 4 4.35 5.35 5.35 5.95 6.05
KIENLONGBANK 4.3 4.3 5.8 5.8 6.1 6.1
LPBANK 3.6 3.9 5.1 5.1 5.5 5.8
MB 3.7 4 4.6 4.6 5.1 5.1
MBV 4.3 4.6 5.5 5.6 5.8 6.1
MSB 4.1 4.1 5 5 6.3 5.8
NAM A BANK 4.3 4.5 5 5.2 5.6 5.7
NCB 4.1 4.3 5.45 5.55 5.7 5.7
OCB 4 4.2 5.2 5.2 5.3 5.5
PGBANK 3.4 3.8 5 5 5.5 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 5.8 6
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 5 5.1 5.5 5.8
TECHCOMBANK 3.35 3.65 4.65 4.65 4.85 4.85
TPBANK 3.5 3.8 4.8 4.9 5.2 5.5
VCBNEO 4.15 4.35 5.85 5.8 6 6
VIB 3.8 3.9 4.9 4.9 5.3
VIET A BANK 3.7 4 5.2 5.4 5.8 6
VIETBANK 4.2 4.4 5.4 5 5.8 5.9
VPBANK 3.8 4 5 5 5.5 5.5

Interbank interest rates increased sharply at the end of January. However, by the beginning of February (corresponding to the time after Lunar New Year), there were mixed developments.

According to reports from credit institutions (CIs) and foreign bank branches through the statistical reporting system of the State Bank, the transaction turnover in the interbank market during the week from February 3-7, 2025 in VND reached approximately VND 2,414,125 billion, an average of VND 482,825 billion/day, a decrease of VND 44,719 billion/day compared to the previous week; transaction turnover in USD converted to VND during the week reached approximately VND 442,040 billion, an average of VND 88,408 billion/day, an increase of VND 12,766 billion/day compared to the previous week.

By maturity, VND transactions mainly focus on overnight terms (93% of total VND transaction turnover) and 1-week terms (3% of total VND transaction turnover). For USD transactions, the terms with the largest turnover are overnight and 1-week terms with proportions of 88% and 8% respectively.

Interbank interest rates tended to fluctuate in opposite directions at some key terms compared to the previous trading week. Specifically, the average overnight interest rate increased by 0.6%/year to 4.77%/year. In contrast, the interest rates for 1-week and 1-month terms decreased by 0.09%/year and 0.15%/year, respectively, to 4.73%/year.

A recent report by the State Bank on interest rate developments of credit institutions for customers in December 2024 showed that the average VND deposit interest rate of domestic commercial banks was 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; 4.4-5.2%/year for deposits with terms from 6 months to 12 months; 5.0-5.9%/year for deposits with terms from over 12 months to 24 months and 6.8-7.2%/year for terms over 24 months.

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 3.8%/year, lower than the maximum short-term lending interest rate prescribed by the State Bank (4%/year).