In the dispatch, the SBV mandates credit institutions, foreign bank branches (collectively referred to as CIs), and regional SBV branches to focus on deploying specific tasks aimed at stabilizing market interest rates, detailing as follows:
For credit institutions, the SBV requires:
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Strict and decisive implementation of the SBV Governor's Directive No. 01/CT-NHNN, dated January 9, 2026, on organizing the execution of the banking sector's key tasks in 2026. This aims to contribute to maintaining macroeconomic stability, controlling inflation, supporting sustainable economic growth, and ensuring system stability and safety.
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Focusing on deploying measures to stabilize interest rates, thereby contributing to the stability of the monetary market in strict accordance with the directives of the Government and the Prime Minister.
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Strict compliance with the SBV's regulations on interest rates (posting deposit rates, maximum deposit rates, etc.); strengthening internal control and audit activities; and promptly rectifying and strictly penalizing violations concerning interest rates. Continuing to publicly announce average lending rates, the spread between average deposit and lending rates, and lending rates for specific credit programs, credit packages, and other types of lending rates (if any) on the CIs' official websites to facilitate access to credit capital for customers, individuals, and businesses.
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Balancing capital sources and capital utilization to guarantee liquidity and payment capability without causing disruptions to market interest rates; channeling credit flows into production and business sectors, priority areas, and economic growth drivers, while ensuring the operational safety of CIs in alignment with the policies of the Government, the Prime Minister, and the SBV Governor.
For regional SBV branches, the SBV requires:
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Directing CIs within their jurisdictions to stabilize interest rates; continuing to strictly enforce the publication of average lending rates, the spread between deposit and lending rates, and lending rates for specific credit programs and packages on the CIs' websites to ensure favorable customer access to credit capital.
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Enhancing the monitoring and supervision of deposit and lending rate developments within their respective localities; organizing periodic or unscheduled inspections and audits of CIs and CI branches regarding their compliance with interest rate policy regulations; detecting and strictly handling violations within their jurisdiction in a timely manner, and reporting issues beyond their authority to the SBV Governor.
The SBV stated that it will closely monitor the developments of deposit and lending rates, as well as the publication of lending rates on CIs' websites. Furthermore, it will intensify the inspection, examination, and supervision of CIs' compliance with the policies and directives of the Government, the Prime Minister, and the SBV regarding deposit and lending rates. Concurrently, CIs and Regional SBV branches are required to thoroughly grasp and decisively execute the assigned tasks, bearing full responsibility before the law, the SBV Governor, and competent authorities.
SBV/VNBA News
