Interest rate development applied by credit institutions in April 2025

1. Deposit Interest Rates

For Vietnamese Dong (VND) deposits, average interest rates varied significantly by term:

• Short-Term Savings: Demand and terms under one month saw rates between 0.1% and 0.2% per annum. Deposits from one month to under six months offered 3.2% to 4.0% per annum.
• Mid-Term: For terms between six months and 12 months, rates averaged 4.5% to 5.5% per annum.
• Longer-Term: Deposits from 12 months up to 24 months provided 4.8% to 6.0% per annum, while those exceeding 24 months reached 6.9% to 7.1% per annum.

Notably, US Dollar (USD) deposits continued to yield 0% per annum for both individual and organizational accounts.

2. Lending Interest Rates: Cost of Borrowing

• VND Lending: The average lending interest rates for both new loans and outstanding balances in VND fell within the range of 6.6% to 8.9% per annum. A significant point to note is the favorable rate for short-term loans to priority sectors and areas, which averaged 3.9% per annum. This figure is lower than the 4% per annum maximum set by the State Bank of Vietnam.
• USD Lending: For US Dollar-denominated loans, the average lending interest rates for new and existing facilities were between 4.2% and 5.0% per annum.

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