A transaction office of Agribank (Photo: laodong.vn)
Hanoi (VNA) – The four biggest banks in Vietnamhave strongly cut interest rates for many deposit terms to the lowest levels ofthe year.
From August 23, the Joint Stock Commercial Bank for ForeignTrade of Vietnam (Vietcombank), the Vietnam Joint Stock Commercial Bank forIndustry and Trade (VietinBank), and the Joint Stock Commercial Bank forInvestment and Development of Vietnam (BIDV) reduced their highest deposit interestrates, applicable to deposit accounts of at least 12 months, to 5.8% per year from6.3% per year.
The ratesfor one- and three-month deposits were brought down by 0.3% per year to 3%and 3.8% per year, respectively, and that for six-month accounts to 4.7% peryear.
At theVietnam Bank for Agriculture and Rural Development (Agribank), deposit interest rates fordifferent terms decreased by 0.3 - 0.5% per year. The highest rate, 5.8% peryear, is only for 12-month deposits.
The rate for deposits of 13 months and over now stands at5.5% per year. Meanwhile, the rates for one-, three-, and six-month savingsaccounts are similar to those of the three above-mentioned banks.
Deposit interest rates at the “Big Four” are now the lowestin the banking system.
Both deposit and lending interest rates have been reduced to aid economic recovery. (Photo: baodautu.vn)
Someother banks such as Eximbank, VIB, MB and ACB have also strongly cut the rates.
Compared to the peak of 9 - 10% per year at the start of2023, deposit interest rates have fallen sharply after four regulatoryinterest rate adjustments by the State Bank of Vietnam (SBV).
The SBV’sadjustments aim to create conditions for commercial banks to further slashlending interest rates to support the economy.
Earlier, it had asked credit institutions and branches of foreign banks in Vietnamto continue reducing lending rates for existing and new loans, by at least 1.5 -2% per year, as ordered by the Government and the Prime Minister to helpenterprises and people recover and develop production and businessactivities./.
Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
Inactive cash showed signs of shifting to securities as banks continue to reduce deposit interest rates to below 8% per year, expanding the liquidity of the stock market.
Many experts on the property market proposed cutting interest rates of loans for investing or buying social housing products to 4.5-6% per year from 8.2-8.7% at present.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A transaction office of Agribank (Photo: laodong.vn) 
Both deposit and lending interest rates have been reduced to aid economic recovery. (Photo: baodautu.vn) 
