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On December 13, 3 Big4 banks simultaneously reduced deposit interest rates, of which BIDV made consecutive adjustments in just 3 days.
In just 3 days (December 11-13), Vietnam Joint Stock Commercial Bank for Investment and Development reduced its deposit interest rates twice. This morning, BIDV announced a new online deposit interest rate schedule with the highest reduction of up to 0.4%/year.
Specifically, the 1-2 month term decreased by 0.4%/year to 2.7%/year; the 3-5 month term decreased by 0.3%/year to 3.1%/year; the 6-11 month term decreased by 4.1%/year.
Interest rate for 12-18 month term is 5%/year, 24-36 month term remains at 5.3%/year.
Previously, BIDV reduced interest rates by 0.1%/year for terms from 1-11 months. At the same time, Vietcombank also reduced interest rates by 0.2%/year for terms from 1-11 months.
After Vietcombank and BIDV, the remaining two banks in the Big4 group (Agribank and VietinBank) announced a reduction in deposit interest rates.
At Agribank, online deposit interest rates have been reduced by 0.5% per year. This is also a rare occasion when this bank has drastically adjusted deposit interest rates.
Interest rate for 1-2 months decreased by 0.5%/year to 2.7%/year, 3-5 month term decreased by 0.3%/year to 3.3%/year. 6-11 month term decreased by 4.2%/year, 12-18 month decreased by 0.3%/year to 5%/year.
Similar to BIDV, Agribank keeps interest rates for terms of 24 months or more at 5.5%/year.
Meanwhile, VietinBank has been the most aggressive in reducing deposit interest rates by up to 0.6% per year for terms under 6 months. Accordingly, bank interest rates are only 2.6% per year for terms of 1-2 months and 3% per year for terms of 3-5 months.
For 6-11 month terms, the reduction is 0.5%/year to only 4%/year, 12-18 month terms, the reduction is 0.3%/year to 5%/year.
Term from 24 months or more remains at 5.5%/year. This is also the highest deposit interest rate at this bank.
Currently, the mobilization interest rate at Vietcombank is the lowest in the Big4 group and the market. Term of 1-2 months at Vietcombank is 2.2%/year, 3-5 months is 2.5%/year, 6-11 months is 3.5%/year, 12-18 months is 4.8%/year.
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| AGRIBANK | 2.7 | 3.3 | 4.2 | 4.2 | 5 | 5 |
| VIETINBANK | 2.6 | 3 | 4 | 4 | 5 | 5 |
| BIDV | 2.7 | 3.1 | 4.1 | 4.1 | 5 | 5 |
| VIETCOMBANK | 2.2 | 2.5 | 3.5 | 3.5 | 4.8 | 4.8 |
Online deposit interest rates at 4 state-owned commercial banks
Since the beginning of December, 12 banks have reduced their deposit interest rates: HDBank, Techcombank, Eximbank, KienLongBank, SCB, PGBank, MB, MSB, NamA Bank, ABBank, Vietcombank, BIDV. Of which, BIDV is the bank that has reduced its interest rates twice since the beginning of the month.
| BANK | 1 MONTH | 3 MONTHS | 6 MONTHS | 9 MONTHS | 12 MONTHS | 18 MONTHS |
| PVCOMBANK | 3.65 | 3.65 | 5.6 | 5.6 | 5.7 | 6 |
| HDBANK | 3.65 | 3.64 | 5.5 | 5.2 | 5.7 | 6.5 |
| OCEANBANK | 4.3 | 4.5 | 5.5 | 5.6 | 5.8 | 5.8 |
| VIETBANK | 3.8 | 4 | 5.4 | 5.5 | 5.8 | 6.2 |
| KIENLONGBANK | 4.15 | 4.15 | 5.4 | 5.6 | 5.7 | 6.2 |
| NCB | 4.25 | 4.25 | 5.35 | 5.45 | 5.7 | 6 |
| VIET A BANK | 4.3 | 4.3 | 5.3 | 5.3 | 5.6 | 6 |
| BAOVIETBANK | 4.2 | 4.55 | 5.3 | 5.4 | 5.6 | 6 |
| GPBANK | 4.05 | 4.05 | 5.25 | 5.35 | 5.45 | 5.55 |
| SHB | 3.5 | 3.8 | 5.2 | 5.4 | 5.6 | 6.1 |
| BAC A BANK | 3.8 | 4 | 5.2 | 5.3 | 5.5 | 5.85 |
| ABBANK | 3.2 | 3.5 | 5.2 | 4.5 | 4.3 | 4 |
| LPBANK | 3.8 | 4 | 5.1 | 5.2 | 5.6 | 6 |
| OCB | 3.8 | 4 | 5.1 | 5.2 | 5.4 | 6.1 |
| CBBANK | 4.2 | 4.3 | 5.1 | 5.2 | 5.4 | 5.5 |
| VIB | 3.8 | 4 | 5.1 | 5.2 | 5.6 | |
| BVBANK | 3.8 | 3.9 | 5.05 | 5.2 | 5.5 | 5.55 |
| VPBANK | 3.7 | 3.8 | 5 | 5 | 5.3 | 5.1 |
| NAMA BANK | 3.3 | 4 | 4.9 | 5.2 | 5.7 | 6.1 |
| SAIGONBANK | 3.3 | 3.5 | 4.9 | 5.1 | 5.4 | 5.6 |
| DONG A BANK | 3.9 | 3.9 | 4.9 | 5.1 | 5.4 | 5.6 |
| TPBANK | 3.6 | 3.8 | 4.8 | 5.35 | 5.7 | |
| EXIMBANK | 3.6 | 3.9 | 4.8 | 5.2 | 5.5 | 5.7 |
| SCB | 3.55 | 3.75 | 4.75 | 4.85 | 5.45 | 5.45 |
| MSB | 3.8 | 3.8 | 4.7 | 5.4 | 5.5 | 6.2 |
| SACOMBANK | 3.6 | 3.8 | 4.7 | 4.95 | 5 | 5.1 |
| TECHCOMBANK | 3.45 | 3.75 | 4.65 | 4.7 | 4.85 | 4.85 |
| PGBANK | 3.1 | 3.3 | 4.6 | 5 | 5.5 | 5.8 |
| MB | 3.1 | 3.4 | 4.6 | 4.7 | 5 | 5.5 |
| SEABANK | 3.8 | 4 | 4.6 | 4.75 | 5.1 | 5.1 |
| ACB | 3.3 | 3.5 | 4.6 | 4.65 | 4.7 | |
| AGRIBANK | 2.7 | 3.3 | 4.2 | 4.2 | 5 | 5 |
| VIETINBANK | 2.6 | 3 | 4 | 4 | 5 | 5 |
| BIDV | 2.7 | 3.1 | 4.1 | 4.1 | 5 | 5 |
| VIETCOMBANK | 2.2 | 2.5 | 3.5 | 3.5 | 4.8 | 4.8 |
Highest interest rate table on December 13
| The State Bank continues not to issue new treasury bills. With VND15,000 billion of treasury bills maturing last week, it is equivalent to pumping VND15,000 billion back into the system. There is currently no treasury bill volume circulating in the market. Regarding interbank interest rates, the overnight interest rate is currently maintained at a low level of 0.15%. Liquidity in market 2 is vibrant with the average trading volume of the overnight term at about VND230,000 billion/day, no difference compared to last week and showing that the liquidity distribution in the market is not even among commercial banks. At a conference to discuss solutions to remove difficulties in credit growth held last week, the State Bank said that as of November 30, credit to the economy reached about 13 million billion VND, up 9.15% compared to the end of 2022, equivalent to an increase of 11.2% over the same period. |
.jpg "Hai Duong approved 50 people to quit their jobs according to Decree 178 and 67")
