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 6.1% per annum, while those exceeding 24 months reached 6.8% 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 6.5% to 8.8% 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 4.1% and 5.0% per annum.
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