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%.
Foreign investors were net sellers on the Vietnamese stock market on April 21, with a net sell value of approximately 421 billion VND (~$16.84 million USD), led by selling in FPT, VCB, and MSB, while buying FUEVFVND, HPG, and MSN.
Foreign investors returned to net selling 629 billion VND across the market, with the strongest net sell pressure on VIC at approximately 879 billion VND, while net buying was strongest for SSI and MWG.
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.
ABBank (ABB) plans a three-phase capital increase totaling VND 6,273 billion (~$250.9M) to raise charter capital to over VND 20,245 billion, alongside a proposal to uplist from UpCOM to HoSE by Q4 2026. The bank sets a 2026 pre-tax profit target of VND 4,500 billion, a 28% increase over its record 2025 result, driven by digital transformation and expanded lending.
Over 20 Vietnamese commercial banks, led by major state-owned and private institutions, have simultaneously reduced deposit rates by up to 0.5% per annum, following a directive from the State Bank of Vietnam (SBV) on April 9. This coordinated move is expected to pave the way for a broader reduction in lending rates, with early movers like Agribank and Nam A Bank already cutting loan rates by 0.5-3.0% to support economic recovery.
Agribank (AGB) cut deposit rates by 0.5 percentage points for terms 24+ months and lending rates by 0.5 points, effective April 13, 2026, following a State Bank of Vietnam meeting. TPBank's CEO forecasts deposit rates stabilizing around 7% annually, providing a basis for further lending rate reductions to support economic recovery.
ABBank announced a 0.5% reduction in deposit interest rates across various terms, immediately following a meeting where the State Bank of Vietnam (SBV) urged commercial banks to lower rates to support economic growth. This move signals a broader trend of interest rate reductions across the banking sector in response to SBV directives.
Vietnamese commercial banks are continuing to raise savings interest rates, with some offering up to 8.2% or even 10% for certain terms and products, putting upward pressure on lending rates.
Nearly 20 Vietnamese banks have announced interest rate reductions, following a commitment to the State Bank of Vietnam, signaling a loosening monetary policy aimed at lowering capital costs for businesses and stimulating economic growth. While experts view this as a positive development, they also suggest the room for further significant cuts might be limited due to underlying capital structure issues.
Several Vietnamese commercial banks, including VPBank, ABBank, SeABank, and KienlongBank, have reduced deposit interest rates immediately after a meeting with the new SBV Governor. This coordinated move aims to lower lending costs, support economic recovery, and align with the central bank's policy direction.