The headquarters of the State Bank of Viet Nam.

Specifically, Bac A Bank cut interest rates by 0.1 percentage points on all deposit types and terms, while VIB also lowered its interest rates by the same margin on deposits between 1 billion VND and 5 billion VND, for a 30-month term.

Bao Viet Bank cut its deposit interest rates by between 0.15 and 0.2 percentage points for terms of 6-13 months.

Previously, several banks lowered their deposit rates, with LPBank reducing interest rates on deposits with terms of 18-60 months by 0.2 percentage points, and the National Citizen Bank cutting deposit rates by 0.1 percentage points.

Lending rates have been showing a downward trend since the beginning of 2025. Current lending rates average 6.23%, down 0.7 percentage points from the end of 2024.