Want to be in the loop?
subscribe to
our notification
Business News
MAJOR BANKS CONTINUE CUTTING DEPOSIT INTEREST RATES
Interest rates at four major banks of Việt Nam were adjusted sharply, down by 0.4 per cent per year from the previous listings, bringing the rate to 1.8 per cent per year at the lowest.
Vietcombank last week cut its rate by 0.2 per cent per year for terms under 12 months, pulling interest rates for 1-2 month, 3-month and 6-9-month deposits down to 1.7 per cent, 2 per cent and 3 per cent per year, respectively. The highest interest rate at the bank is 4.7 per cent per year when customers deposit for 12 months or more.
Vietcombank currently applies the lowest deposit interest rates among the four largest State-owned banks, including Vietcombank, the Vietnam Bank for Agriculture and Rural Development (Agribank), the Bank for Investment and Development of Vietnam (BIDV), and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).
Agribank follows with the latest deposit interest rates at the bank down by 0.2 per cent - 0.4 per cent per annum for terms under 12 months. Its interest rate for a 3-6-month term experienced the most significant decrease, falling to 2.1 per cent from 2.5 per cent. For terms from 6 to under 12 months, the interest rate was down to 3.2 per cent from 3.5 per cent per year.
BIDV and VietinBank have also simultaneously cut deposit interest rates by 0.3 per cent per annum for terms under 12 months.
They apply the same interest rate for 1-2 month deposits at 1.9 per cent per year. Customers depositing for a term of 3-6 months and 6-12 months at the two banks will receive an interest rate of 2.2 per cent and 3.2 per cent per year, respectively.
All Agribank, BIDV, and VietinBank still maintain the previous deposit interest rates at 5 per cent per year when customers deposit for 12 months or more, and 5.3 per cent per year for terms of 24 months or more.
On Wednesday, the Saigon - Hanoi Commercial Joint Stock Bank (SHB) and the Vietnam International Commercial Joint Stock Bank (VIB) also announced a reduction of their deposit interest rates by 0.1 per cent or 0.2 per cent per year compared to the previous week.
Since the beginning of January, many commercial banks have cut their deposit interest rates, including Techcombank, KienLongBank, PVCombank and SCB.
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026
Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
HOSPITALITY / TOURISM / ENTERTAINMENT
PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE
Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.
VIETNAM ECONOMY INVESTMENT
VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS
Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION
Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.
MEMBER CORNER / PROMOTIONS
KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP
On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.
Events Sponsors
