BIDV Raises Online Deposit Rates, 12-Month Hits 7.4%
This Aveluro analysis covers BID (BIDV) on HOSE in the Banks sector. The classified event type is rate decision, with neutral sentiment and a deterministic market-impact score of 10.0/10. Source coverage came from CafeF - Tài chính ngân hàng, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
BIDV, Vietnam’s largest bank by assets, has raised its online deposit rates for tenors from 6 to 36 months, effective August 2026. The 12-month rate increased by 60 basis points to 7.4% per annum, the highest among the Big4 state-owned banks and among the top in the market. This move affects BIDV’s funding costs and competitive positioning.
Key Facts
- BIDV raised online deposit rates for 6-11 month and 13-36 month tenors to 7.2% per annum, and the 12-month tenor to 7.4% per annum.
- The increase is 0.6 percentage points for 6-12 month tenors and 0.4 percentage points for 13-36 month tenors.
- Rates for 1-5 month tenors remain unchanged, with the highest at 4.75% per annum, matching the State Bank of Vietnam’s cap.
- BIDV’s 12-month rate is now 60 bps higher than Agribank, Vietcombank, and VietinBank, which offer 6.8%.
- As of June 30, 2026, BIDV’s total assets reached over VND 3.44 quadrillion, up 3.3% from the start of the year.
- Customer loans grew 5.4% to over VND 2.5 quadrillion, while customer deposits rose 1.7% to nearly VND 2.26 quadrillion.
- BIDV’s stock (BID) closed at VND 38,250 on August 3, 2026.
What Happened
BIDV, officially the Joint Stock Commercial Bank for Investment and Development of Vietnam, updated its online deposit rate schedule, raising rates for tenors from 6 to 36 months. The bank now offers 7.2% per annum for 6-11 month and 13-36 month tenors, and 7.4% for the 12-month tenor. This adjustment makes BIDV the highest-paying bank among the Big4, which includes Agribank, Vietcombank, and VietinBank, all of which maintain a 12-month rate of 6.8%.
The rate hike is part of BIDV’s strategy to attract deposits, as the bank’s deposit growth (1.7% in H1 2026) lags loan growth (5.4%). The move aligns with a broader trend of banks raising deposit rates to secure funding, though BIDV’s increase is notably larger than most peers. The bank’s online rates now rank among the highest in the system, surpassing many mid-sized and large commercial banks.
Market Context
BIDV (HOSE: BID) closed at VND 38,250 on August 3, 2026. The rate hike comes amid a competitive deposit market, where most banks offer 12-month rates between 6.5% and 7.0%. BIDV’s decision to raise rates above this range may pressure its net interest margin, but it also reflects the bank’s need to fund its loan growth. The move could signal a shift in the banking sector’s funding dynamics, potentially leading to higher deposit rates across the system.
Strategic Significance
For long-term investors, BIDV’s rate hike highlights the bank’s focus on deposit mobilization to support its lending expansion. While higher funding costs may compress margins in the short term, the bank’s dominant market position and scale could offset this impact. The move also underscores the competitive pressures in Vietnam’s banking sector, as banks vie for deposits to meet credit growth targets. Investors should monitor whether other Big4 banks follow suit, which could indicate a broader rate cycle.
What to Watch
- BIDV’s Q3 2026 earnings report, expected in October, to assess margin impact.
- Any response from Agribank, Vietcombank, or VietinBank regarding their deposit rates.
- State Bank of Vietnam’s monetary policy stance, including any changes to the deposit rate cap.
- BIDV’s deposit growth in the coming months to gauge the effectiveness of the rate hike.
- Movement in BID’s stock price relative to sector peers.