Want to be in the loop?
subscribe to
our notification
Business News
BANKS HIKE DEPOSIT INTEREST RATES ON DEMAND FOR FUNDS, INFLATION
Many banks have increased deposit interest rates by 0.1-0.6 percentage points amid the growing demand for funds. Last year the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from 2020, Bảo Việt Securities said.
The State Bank of Việt Nam said in 2021 rates were at their lowest level in five years.
But rates, especially at small- and medium-sized banks, have increased sharply since the beginning of this month.
Currently the peak rates are 6.5-7.4 per cent.
NamABank offers the highest rate for online savings even for small amounts. Customers depositing money via its e-banking application for 16-36 months can get 7.4 per cent interest. For 12 months it is 6.4 per cent.
Sài Gòn – Hà Nội Commercial Joint Stock Bank (SHB) has increased rates by 0.2-0.4 percentage points. For 36 months the rate is 0.4 percentage points up to 6.5-6.6 per cent. For 12-month terms it has increased from 5.7-5.8 per cent to 6.1-6.2 per cent.
Bản Việt Bank (Viet Capital Bank) has increased rates to a highest of 7 per cent for 24 months if deposited online and 6.8 per cent if deposited at the counter.
Eximbank, VPBank, Techcombank, OCB, SCB, LienVietPostBank, HDBank, and ACB have also increased their rates.
According to data from the State Bank of Vietnam, deposits increased by 1.38 per cent to nearly VNĐ11.2 quadrillion in the first two months of 2022, with individual customers accounting for VNĐ5.46 quadrillion and corporate customers for VNĐ5.63 quadrillion.
Last year deposits by individuals declined as many withdrew to invest in more attractive asset classes amid low deposit interest rates.
Experts said the increase in deposit interest rates comes at a time when credit demand is rising significantly.
Loans outstanding were 5.04 per cent at the end of March from a year earlier as demand for capital grew to serve production and business after a long period of stagnation due to the COVID-19 pandemic.
VNDirect Securities Company said inflationary pressure and fierce competition from other asset classes such as real estate and securities would force deposit interest rates up.
This year it forecasts deposit interest rates to rise by 0.3-0.5 percentage points to 5.9-6.1 per cent.
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
SAFETY IS LIFE – DISCIPLINE IS STRENGTH
At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
Events Sponsors
