On 13/2, Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) updated its online savings interest rate schedule. The highest listed rate now stands at 5,5% per year.

Specifically, the interest rate for one-month deposits increased from 2,1% to 4%. For three-month terms, it rose to 4,5%, and for six-to-nine-month terms, it reached 5%. Deposits for 12 months or longer at Vietcombank saw a 0,3% increase, reaching 5,5% per year.

This marks Vietcombank's highest interest rate in about two years. The bank had maintained stable rates for an extended period, only beginning slight increases late last year. Over-the-counter deposit rates published on its website remain unadjusted, with the highest rate at 5,2% per year.

Vietcombank is the second state-owned bank to increase savings interest rates this february, following Agribank. Typically, state-owned banks adjust and list similar rates, with differences usually between 0,1% and 0,3%. Late last year, the four state-owned banks—Vietcombank, Agribank, Vietinbank, and BIDV—also collectively raised savings rates after a prolonged period of low rates.

Analysts indicate that capital mobilization is currently lagging behind lending. This creates upward pressure on deposit rates across the banking sector, which will subsequently affect lending rates. A leader from a state-owned bank also suggested that liquidity could become a concern for the banking industry in 2026.

Quynh Trang