(applied to State owned commercial banks and Join stock commercial banks)
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 of 0.1%-0.2% per annum. Deposits from one month to under six months offered 4.0% to 4.6% per annum.
- Mid-Term: For terms between six months and 12 months, rates averaged 5.3% to 6.8% per annum.
- Longer-Term: Deposits from 12 months up to 24 months provided 5.5% to 6.8% per annum, while those exceeding 24 months reached 6.7% to 7.2% per annum.
Notably, US Dollar (USD) deposits continued to yield 0% per annum for both individual and organizational accounts.
2. Lending Interest Rates
- VND Lending: The average lending interest rates for both new loans and outstanding balances in VND fell within the range of 7.4% to 9.7% per annum. A significant point to note is the favorable rate for short-term loans to priority sectors and areas, which averaged 3.8% 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 4.0% and 5.3% per annum.
SBV/VNBA News
