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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
More than 20 banks have simultaneously lowered deposit rates, creating conditions for a potential decline in lending rates. However, the cuts are being made cautiously, as inflation pressures and exchange-rate factors have not yet eased.
According to the State Bank of Vietnam, more than 20 domestic banks have reduced deposit rates. The announcements include BIDV, Vietcombank, Techcombank, OCB, VietinBank, ABBank, VPBank, MB, and Agribank, as well as digital banks such as VCBNeo, Vikki, MBV, BVBank, MSB, VietBank, SaigonBank, VIB, BAOVIET Bank, KiênLongBank, BACABank, VietABank, Eximbank, PGBank, LPBank, Nam A Bank, SHB, and NCB.
The simultaneous easing of deposit rates—down by as much as 0.5 percentage point per year—has been paired with lending-rate reductions of a similar magnitude. The move follows a government–central bank meeting on April 9 and is seen as aligning with policy to lower market lending rates, supporting households and businesses as the economy aims to sustain growth.
Agribank led the adjustment by cutting both deposit and lending rates. The 24-month deposit rate is used as a reference for determining lending rates for medium- and long-term loans, meaning a 0.5 percentage point drop in deposit rates can translate into a corresponding reduction in lending costs.
Agribank said the purpose of reducing both deposit and lending rates is to lower customers’ capital costs as the economy needs momentum to recover and grow.
Nam A Bank announced lower lending rates for individuals by up to 3 percentage points per year from current levels, while deposit rates for terms of six months and longer fell by 0.5%.
Sacombank cut 0.5 percentage point for both deposit and lending rates across several terms. KiênLongBank reduced lending rates by up to 1 percentage point for both individuals and enterprises to create more room to support the economy, prioritizing manufacturing and import–export.
As of now, the number of banks reducing lending rates remains limited, and the market is waiting for further moves from others—particularly those still maintaining deposit rates above 8.5%.
Industry experts said that cutting deposit rates for mid- to long-term terms helps banks optimize input costs, which can support additional lending-rate reductions to back production and demand for credit among individuals and businesses.
Chuyên gia Nguyễn Dương Công Nguyên from Mirae Asset said the current cuts are intended to stabilize the overall level rather than signal broad monetary easing. He noted that inflation and the exchange rate remain barriers to a rapid, deep rate cut.
From borrowers’ perspective, the reductions are a positive sign, but the key issue is when actual funding costs fall enough to allow production to be maintained and expanded. The gap between published rates and actual loan contract rates remains a concern.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
