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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.

The VN-Index rose over 19 points to close near 1,820, led by Vingroup stocks hitting new all-time highs, while foreign investors were net sellers of over VND 1,100 billion.

The Vietnamese banking sector, after experiencing its weakest period in three years, shows signs of recovery with recent stock gains and a positive 2026 growth outlook. Analysts project double-digit profit growth for the sector, which is expected to support the overall market, despite recent increases in interbank rates.

VNPAY and Vietbank have partnered to launch a digital payment and tax submission solution for business households and SMEs, aiming to simplify revenue aggregation, accurate tax declaration, and reduce operational costs. This initiative supports digital transformation for small businesses and enhances Vietbank's service offerings.