VPBank, Techcombank, ACB Raise Base Lending Rates: Floating-Rate Borrowers Face Higher Repricing

Overview

VPBank (VPB, HOSE), Techcombank (TCB, HOSE) and ACB (ACB, HOSE) have raised the base and reference lending rates used to price floating-rate loans, with new schedules taking effect from mid-September through 1 October 2026. The adjustments follow a broader wave of deposit rate increases across the Vietnamese banking system and will feed into borrowing costs for existing floating-rate customers at their next repricing date.

Key Facts

• ACB raised its system-wide base lending rate to 9.5% per year effective 1 October 2026.
• VPBank published a new VND base rate schedule for secured individual loans effective 18 September 2026.
• For VPBank real-estate, consumer, auto and business loans disbursed after 15 November 2024, base rates range from 11% to 13% per year on a one-month adjustment cycle.
• On a three-month adjustment cycle, the same VPBank base rates range from 11.8% to 13.5% per year.
• Techcombank’s standard base rate for real-estate, secured consumer and auto loans is 9% per year, effective 15 September 2026, across short, medium and long tenors.
• Techcombank applies a 13% per year base rate to unsecured consumer products such as overdrafts, MyCash/F2 and instalment loans.
• Techcombank’s VinFast auto loan base rate is 8.5% per year, while its Thaco auto loan base rate is 9.5% per year.

What Happened

According to the latest published rate schedules, ACB adjusted its system-wide base lending rate to 9.5% per year from 1 October 2026. Before that, VPBank announced a new VND base rate schedule for secured individual customer loans, effective 18 September 2026. VPBank’s schedule is segmented by disbursement date, loan purpose, tenor and rate adjustment period. For real-estate, consumer, auto and business loans disbursed after 15 November 2024, base rates run from 11% to 13% per year on a one-month adjustment cycle, and from 11.8% to 13.5% per year on a three-month cycle. A 12-month loan carries a 12.2% base rate on a one-month cycle and 12.7% on a three-month cycle; for tenors above 5-10 years, the corresponding rates are 12.9% and 13.4% per year.

Techcombank is applying a base rate and reference rate schedule for individual customers effective 15 September 2026. Its standard base rate for real-estate, secured consumer and auto loans is 9% per year across short, medium and long tenors, while unsecured consumer products such as overdrafts, MyCash/F2 and instalment loans carry a 13% per year base rate. Techcombank also applies loan-specific base rates: project base rates of 9% to 9.45% per year depending on tenor, 8.5% per year for VinFast auto loans, 9.5% per year for Thaco auto loans, and 8.8% per year for secured business loans to household business owners and production establishments.

Market Context

Base and reference rates are not the final rate every borrower pays. For many floating-rate loans they are one input into the rate set at each repricing, alongside the contractual formula, the margin (typically 3-5% per year), the repricing date and other credit agreement terms. The increases are therefore most relevant to customers with existing floating-rate loans approaching a repricing date. The move follows a wave of deposit rate increases, which raises banks’ funding costs and pressures lending rates upward. VPB closed at VND 23,200 on 6 October 2026, TCB at VND 32,450 and ACB at VND 20,600, all on HOSE.

Strategic Significance

For the three banks, higher base and reference rates support net interest margin as deposit costs rise, but they also test loan demand and asset quality in the mortgage, consumer and small-business segments where floating-rate structures are most common. VPBank’s granular schedule, differentiated by disbursement date and adjustment cycle, suggests the bank is managing repricing risk carefully rather than applying a single system-wide increase. Techcombank’s lower 9% standard base rate for secured lending, against a 13% rate for unsecured consumer credit, preserves its positioning in secured mortgages and auto loans while repricing riskier unsecured exposure. ACB’s single 9.5% system-wide base rate is the simplest of the three and applies across its loan book.

What to Watch

• Third-quarter 2026 earnings releases from VPB, TCB and ACB, particularly net interest margin and loan-loss provisioning trends.
• Deposit rate movements at these banks, which determine whether funding-cost pressure continues into the fourth quarter.
• State Bank of Vietnam policy signals on interest rate management and credit growth targets.
• Disclosure of floating-rate loan repricing schedules and any rise in borrower delinquency in mortgage and consumer segments.
• Foreign-ownership and block-trade filings for VPB, TCB and ACB.