Business

SBV: commercial banks’ interest rate adjustment normal

It is normal for commercial banks to adjust their interest rates in accordance with their business strategies and market situation, said the State Bank of Vietnam.
SBV: commercial banks’ interest rate adjustment normal ảnh 1illustrative image (Source: VNA)

Hanoi (VNA) – It is normal for commercialbanks to adjust their interest rates in accordance with their businessstrategies and market situation, said the State Bank of Vietnam.

While some banks raised deposit interest rates,others reduced theirs by 0.1-0.3 percent per year.

The Vietnam Prosperity Joint StockCommercial Bank (VPBank), Viet Nam Thuong Tin CommercialJoint Stock Bank(VietBank) and Vietnam International Commercial Joint Stock Bank (VIB Bank) decreased their interest rates by 0.1-0.3 percentfor deposits of different terms.

The Viet Capital Bank and the DongA Bank adjusteddown 0.1 percent to 7.8 percent for deposits of between 18 and 60 months. TheMaritime Bank also reduced the mobilising interest rates by 0.2 percent to 7.2percent for deposits of 18-30 months.

In mid-February, some commercial banks raisedtheir deposit interest rates. EximBank offered an interest rate of up to 8.2percent per year for 24 and 36-month deposits while Oceanbank increased itsinterest rates to 7.3 percent per year for deposits of six, 11 and 12 months.

Techcombank applied an interest rate of 7.1 percent per year for 36-monthdeposit, up 0.1 percent compared to the rate in early February.

VPBank listed an attractive rate of 9.2 percentfor certificate of five-year deposit certificate and Sacombank offered 8.88percent for seven-year deposit certificate.-VNA
VNA
#SBV #interest rate
Follow VietnamPlus

Related News

Vietnamese shares buoyed by Fed hike

Vietnamese shares buoyed by Fed hike

Shares edged up on March 16 on the two national exchanges even though the US Federal Reserve on the previous day hiked the benchmark interest rate for the second time in three months.
Some banks enter new rate race

Some banks enter new rate race

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 percent per year.
Banks to face interest margin challenges: SSI

Banks to face interest margin challenges: SSI

Analysts of the Retail Research and Investment Advisory Division at Saigon Securities Incorporation (SSI) have predicted 2017 will be a challenging year for banks to increase their NIM.

See more

The fuel storage tank area of the Nghi Son Refinery and Petrochemical Plant is located in the Nghi Son Economic Zone in Nghi Son ward, Thanh Hoa province. (Photo: VNA)

Nghi Son refinery receives over 950,000 barrels of Congo crude oil

Diversifying crude oil supply sources is considered crucial for Nghi Son Refinery and Petrochemical LLC (NSRP) in ensuring stable feedstock supplies and safeguarding domestic fuel supply, particularly as traditional crude imports from Kuwait have been affected by tensions in the Middle East.

Production of electronic components at Star Engineers Vietnam Co., Ltd. in Binh Xuyen I Industrial Park, Phu Tho province (Photo: VNA)

Vietnam looks to expand fiscal space to support double-digit growth

Experts emphasise that fiscal policy should move beyond a supportive role to actively lead growth. Continued and selectively expanded tax and fee reductions could directly ease cost pressures on businesses, enabling them to sustain operations and expand investment.

Ngo Quang Hung, representative of the Vietnam Trade Office in Malaysia, introduces Vietnamese products at the Melaka International Halal Fair, held from May 16-19, 2026. (Photo: VNA)

Vietnam, Malaysia promote smart business connectivity

Malaysia is paying close attention to Vietnam’s Doi Moi (Renewal) reforms, particularly in land policies, rice production technologies and seafood industry development, as both sides seek to expand practical cooperation.

The exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system. (Photo congly.vn)

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, speaks at the press conference announcing the Da Nang Venture and Angel Summit 2026. (Photo: VNA)

Da Nang to host international venture capital forum later this month

Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, said DAVAS 2026 is not merely an investment-matching event for startups, but also demonstrates the city’s commitment to promoting innovation, developing the knowledge-based economy and creating a favourable environment for technology enterprises and startups.

Visitors explore southern Vietnam's products (Photo: vNA)

Vietnam, Cambodia boost supply chain connectivity

Total two-way trade neared 10.1 billion USD in 2024, up 17.5% year-on-year and jumping to more than 11 billion USD in 2025. Vietnam’s key exports to Cambodia include apparel, iron and steel, petroleum, machinery and equipment, chemicals, and processed food. Its main imports are cashew nuts, rubber, farm produce, and industrial raw materials.

Cao Thanh Dinh, founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan (Photo: VNA)

Resolution 68 boosts investor confidence in Vietnam’s long-term outlook

Cao Thanh Dinh, Founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan, said that after one year of implementation, Resolution No. 68-NQ/TW of the Politburo on private sector development has sent a positive signal to investors by affirming the private sector as a key driver of sustainable and long-term development.

To promote the local lychee brand, expand consumption markets and enhance the fruit's value, Bac Ninh province is organising various trade promotion activities and experiential tourism programmes during the 2026 lychee season. (Photo: VNA)

Bac Ninh promotes lychee tourism with 36 model orchards

According to the Bac Ninh Centre for Culture and Tourism Promotion, the orchards must comply with VietGAP, GlobalGAP or organic production standards while offering suitable conditions for experiential tourism activities. They are also required to connect with nearby tourist attractions, craft villages and historical sites to form integrated tour routes.

Ha Long-Mong Cai Expressway (Illustrative photo: VNA)

Quang Ninh takes lead in public investment disbursement

As of May 13, the northern province had disbursed more than 5.64 trillion VND (213.9 million USD) in public investment capital, fulfilling 24.2% of its annual target and 54% of its disbursement target of 10.56 trillion VND for the year's first half.