Vietcombank Chairman Pledged to Reduce Lending Interest Rates by at Least 2%.
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The State Bank of Vietnam (SBV) has just issued document No. 9608/NHNN-CSTT dated October 18, 2026, on the implementation of operational solutions for credit institutions.
For the time being, banks must reduce deposit interest rates by at least 0.5% per year for terms of 6 months or more, and absolutely refrain from aggressively increasing deposit interest rates, engaging in unhealthy competition that destabilizes financial security.
The State Bank of Vietnam requires a reduction in interest rates, control of credit risks, promotion of production and business, and ensuring the safety of the banking system in 2026. It requires a reduction in lending interest rates of 1.5-2% for production, business, and priority sectors. BIDV reduced lending interest rates by up to 2% following government directives. Deposit interest rates are under upward pressure, making a return to the era…
(Civil Rights) - The State Bank requires a reduction of minimum deposit interest of 0.5% /year and loan interest of 1.5-2% /year. Violating banks may suffer a reduction in credit growth indicators.
On October 18th, the State Bank of Vietnam (SBV) issued Circular 9608 regarding the implementation of operational solutions for credit institutions to continue contributing positively to the goals of maintaining macroeconomic stability, controlling inflation, supporting economic growth, and ensuring the safety of the banking system. This includes reducing deposit interest rates by at least 0.5% per year and lending interest rates by 1.5%.
Vietcombank Chairman pledged to reduce lending interest rates by at least 2%.
Vietcombank Chairman Nguyen Thanh Tung said the bank is committed to reducing lending interest rates by at least 2% from now until the end of the year to support businesses. The above information was shared by Mr. Nguyen Thanh Tung at the afternoon group discussion session on October 17 on the draft Law on Small […]
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