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
VIETNAM ECONOMY INVESTMENT
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY
Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY 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.
MEMBER CORNER / PROMOTIONS
PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES
On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.
HOSPITALITY / TOURISM / ENTERTAINMENT
INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH
International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.
PROPERTY / INDUSTRIAL ZONE
HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS
HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.
VIETNAM ECONOMY INVESTMENT
VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY
Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.
Events Sponsors
