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.
BVBank (BVB) reported a 34% rise in 2025 pre-tax profit to VND 522B and approved a 55% charter capital increase, alongside a target to list on the Ho Chi Minh City Stock Exchange (HOSE) in Q3 2026. The bank is targeting a further 34% profit growth to VND 700B in 2026, driven by digital transformation and retail/SME lending.
BVBank (BVB) reported a 34% increase in 2025 pre-tax profit to VND 522B and approved a plan to list on the HOSE exchange in Q3 2026, alongside a 55% charter capital increase. The bank targets a further 34% profit growth to VND 700B in 2026, driven by digital transformation and retail/SME lending, signaling a major upgrade in its market profile and growth ambitions.
The State Securities Commission (SSC) has issued administrative fines to multiple companies, including BVB Joint Stock Company, for violations in securities and stock market regulations, with BVB fined 85 million VND for failing to submit periodic information disclosures on time.
The State Securities Commission (SSC) has issued administrative fines to multiple companies, including BVB, for violations in securities disclosure and reporting regulations.
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.
Several Vietnamese commercial banks, including Vietcombank, BVBank, and VPBank, have simultaneously reduced their savings interest rates by 0.3-0.5% following a directive from the State Bank of Vietnam. This move aims to optimize banks' capital costs and create room for lowering lending rates to support economic growth.
BVBank (BVB) plans to transfer its stock listing from UPCoM to HOSE in 2026, anticipating Vietnam's market upgrade and improved business conditions. The bank also targets a 34% pre-tax profit growth and a 55% capital increase by issuing new shares.
Vietnamese commercial banks continue to offer high deposit interest rates, including through certificates of deposit, to attract capital. Experts warn this trend, driven by local liquidity issues rather than credit demand, could significantly increase corporate borrowing costs and exacerbate inflation pressures.
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.
BVBank announced a reduction in deposit interest rates by 0.3% to 0.5% starting April 11, 2026, in alignment with the government and State Bank of Vietnam's directive to lower market rates and support economic growth. The bank aims to optimize capital costs and reduce lending rates to assist customers.