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Kiên Long Commercial Joint Stock Bank (KienlongBank) has issued its base lending rate for Vietnamese đồng-denominated loans in accordance with Announcement No. 762/TB-NHKL from the CEO, effective from June 12, 2026.
Under the announcement, the base rate applied to loans secured by savings certificates, deposits, and valuable papers issued by KienlongBank is 9.5% per year, an increase of 0.7 percentage points compared with the previous level.
The base rate for ordinary loan packages remained unchanged versus May. Specifically, the base rate is 11.3% per year for a 12-month term, 11.8% per year for a 5-year term, and 12.3% per year for a 10-year term.
Previously, in May 2026, KienlongBank increased the base rate for ordinary loan packages by about 1 percentage point per year. In parallel, the article notes that many banks have recently raised base rates or reference rates to around 10%–11% per year.
Floating lending rates are calculated as the base rate plus a margin of about 3%–4% per year, depending on the bank.
From late 2025 to June 2026, higher deposit rates have exerted significant pressure on floating lending rates. The article states that currently, savings deposits at many banks exceed 8% per year for 12-month terms, and can reach 9% per year if customers meet certain deposit amount conditions or promotional programs.
According to Dragon Capital Securities (VDSC), projected liquidity pressure on the banking system and the upward trend in rates are not likely to end soon, as foundational factors have not shown clear improvement.
As of the end of April 2026, aggregate system mobilization growth was 2.2%, while credit growth was 4.4%. The article also notes that banks are no longer subject to a credit growth cap from Q2/2026, contributing to a widening gap between mobilization and credit.
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