SGB

The State Bank of Vietnam (SBV) exempts 25 commercial banks from including social housing, industrial park, and export processing zone loans in real estate credit growth limits from January 1, 2026. This regulatory change supports targeted lending while maintaining overall credit controls, benefiting banks like ACB, BID, and CTG with expanded capacity for priority sectors.

BIDV and Sacombank each reported non-performing loans exceeding VND 40,000 billion in Q1 2026, contributing to an 11% sector-wide NPL surge to VND 292,160 billion. The broad-based deterioration in asset quality raises provisioning costs and pressure on net interest margins for most listed banks, with only three lenders showing improvement.

BIDV (BID) saw customer deposits fall by VND 82,031 billion in Q1 2026, the largest absolute decline among 12 listed banks reporting outflows. The sector-wide deposit contraction, concentrated among large private banks, contrasts with strong growth at HDBank and VPBank, highlighting divergent funding dynamics.

VPBank (VPB) reduced deposit interest rates by 0.3%-0.5% for 6-36 month terms online, following a State Bank of Vietnam directive that prompted 30 domestic commercial banks to cut rates by 0.05% to 1% annually. This coordinated easing aims to lower funding costs and support credit growth, with state-owned BIDV implementing the deepest cuts of 0.8%-0.9%.

The State Bank of Vietnam (SBV) net withdrew VND 71,563 billion from the banking system via open market operations (OMO) in the week of April 13-17, 2026, while 30 commercial banks including VPBank (VPB) cut deposit rates by 0.1-0.5 percentage points. This coordinated action, following an SBV meeting, signals a deliberate easing of funding costs and system liquidity, potentially supporting bank net interest margins as pressure from the USD/VND exchange rate subsides.