Vietnam's June 2026 Bank Rates Hit 10.5% as Securities Industry Profits Jump 51% in Q2

The State Bank of Vietnam reported that the average interbank lending rate for June 2026 rose to 10.5% per annum, with deposit rates for VND‑denominated accounts ranging from 0.1% for overnight funds up to 7.8% for terms over 24 months. Short‑term priority‑sector loans averaged about 3.9%, below the regulatory ceiling of 4%. Analysts noted that the rate increase reflects strong credit demand outpacing the narrow supply of funds, while the central bank continues to use open‑market tools and foreign‑exchange swaps to anchor exchange‑rate expectations and maintain macro‑stability.

At the same time, the Vietnamese securities sector posted a 51% year‑on‑year rise in pre‑tax profit for the second quarter of 2026, reaching roughly VND 15.2 trillion. Six brokerage firms—VPBank S, TCBS, SSI, VPS, HD, and VNDirect—accounted for about 62% of the industry's earnings, with VPBank S overtaking traditional leaders to top the quarter. While most firms posted gains, some, such as VIX and SHS, saw sharp profit declines, and others like SmartMind and Everest turned losses into modest profits. The surge comes despite a slowdown in market turnover after the VN‑Index peaked above 1,927 points earlier in the year.