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
CHARITY / EXHIBITION / OTHER EVENTS
INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS
We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.
MEMBER CORNER / PROMOTIONS
BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW
A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
VIETNAM ECONOMY INVESTMENT
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
VIETNAM ECONOMY INVESTMENT
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.
Events Sponsors
