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%.
MBB reported Q1 2026 consolidated pre-tax profit of VND 9,500B (+13.3% YoY) and added 1.2 million customers, while ACB, NAB, and VPB posted YoY gains of 17%, 32.5%, and 58%, respectively. The results, disclosed at recent AGMs, highlight continued profit momentum across mid-sized Vietnamese banks, with VPB leading growth on a 26.3% rise in total operating income.
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.
MBB (Military Bank) posted a Q1 2026 pre-tax profit of VND 9,500 billion, a 13.3% year-on-year increase, driven by a 21.5% revenue surge and customer base growth to 36.2 million. The result, disclosed at its Annual General Meeting, highlights robust performance amid sector-wide strength, with peers VPB, ACB, and NAB also reporting double-digit profit growth.
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.
Vietcombank (VCB) seeks shareholder approval to establish a wholly-owned commercial bank in Vietnam's International Financial Centre with VND 3,000B charter capital, joining HDBank (HDB) and Nam A Bank (NAB) in a strategic race. This move aims to capture cross-border financial flows and expand ecosystem services, positioning these banks for higher-margin international business as the centre develops in Ho Chi Minh City.
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.
Nam A Bank has reduced deposit interest rates by up to 0.5% immediately and announced a significant reduction of up to 3% in lending rates for individual customers, effective April 11, 2026. This move aligns with State Bank of Vietnam directives to reduce capital costs and stimulate economic growth.
Mr. Tran Khai Hoan, with over 20 years of experience, has been officially appointed CEO of Nam A Bank (NAB) after serving as Acting CEO and achieving significant growth in assets and profits.
Nam A Bank officially appointed Mr. Tran Khai Hoan as General Director, effective April 10, 2026, recognizing his leadership in achieving significant growth and guiding the bank's strategic expansion, including new international partnerships and green finance initiatives.
Agribank (AGB) cut deposit rates by 0.5% for 24-month terms from April 13, directly lowering its medium- and long-term lending reference rate by the same amount. Nam A Bank (NAB) reduced personal loan rates by up to 3% annually, while Sacombank (STB) implemented 0.5% cuts across multiple tenors from April 10.
Nam A Bank (NAB) reduces loan interest rates by up to 3% annually, aligning with government policies to lower market borrowing costs and support SMEs through April 2026.