Vietnam banks keep short‑term deposit rates at 4.75% as ceiling

A survey of online deposit rates on 23‑24 June shows that 15 Vietnamese banks, including Agribank, BIDV, Vietcombank and VietinBank, continue to list the 3‑month rate at the State Bank’s ceiling of 4.75% per year. A few banks such as Eximbank and MB post slightly lower rates of 4.70%, while others range down to 1.9% for niche products.

For longer terms, Saigonbank leads the market with a 12‑month rate of 7.2% per year, followed by banks offering 7.0% to 6.9% for 12‑month deposits. The major state‑owned banks keep 6‑month and 9‑month rates at 6.6% and 12‑month and 18‑month rates at 6.8%. Overall, the short‑term deposit market remains stable with only modest variations across institutions.