Banks agree to keep interest rates stable, sustainable growth

(Chinhphu.vn) - Since the beginning of 2025, implementing the direction of the Government and the State Bank of Vietnam (SBV), many banks have implemented many solutions to stabilize interest rates, contributing to promoting credit growth and supporting businesses and people.

Conference on implementing solutions to stabilize deposit interest rates and reduce lending interest rates - Photo: VGP/HT

Banks pledge to reduce lending rates , propose additional support mechanisms

At the Conference on Implementing Solutions to Stabilize Deposit Interest Rates and Reduce Loan Interest Rates that recently took place, representatives of many banks shared the actual situation as well as recommendations to more effectively support the economy .

Mr. Le Quang Vinh, General Director of Vietcombank, said that Vietcombank always maintains stable deposit interest rates, thereby obtaining preferential capital sources to support businesses and people. He proposed that the State Bank consider reducing the ceiling and stabilizing deposit interest rates. Notably, Vietcombank's representative also proposed that the State Bank consider coordinating with the Ministry of Finance to adjust the rate of calculating State Treasury deposits to support capital sources. This proposal aims to help commercial banks have more capital space to support the economy in the context of high credit demand, helping banks increase their capital supply capacity.

Agribank General Director Pham Toan Vuong said that Agribank has reduced average lending interest rates by nearly 0.5% and at the same time implemented many preferential credit packages with a total scale of up to VND500,000 billion.

Agribank is committed to maintaining interest rates, even in the context of restructuring its operating areas in 34 new provinces and cities. At the same time, Agribank leaders recommended that the State Bank strengthen policy implementation supervision to ensure fairness among credit institutions, ensure liquidity and support sustainable credit growth.

BIDV General Director Le Ngoc Lam - Photo: VGP/HT

BIDV General Director Le Ngoc Lam said that in the first 7 months of the year, BIDV reduced its income by about 3,000 billion VND to support the reduction of lending interest rates. BIDV's mobilization interest rates have decreased.

In addition, the bank's leaders proposed that the State Bank increase the electronic loan limit from the current level (VND100 million) to a higher level, meeting actual needs and reducing credit costs.

Mr. Pham Quang Thang, Deputy General Director of Techcombank, said that the bank had increased credit growth by 10.6% in the first 6 months of the year, mainly for businesses. Lending interest rates decreased by 0.6%, deposit interest rates decreased slightly by 0.09% compared to February and remained stable.

The bank does not adjust interest rates but only adjusts the structure between customer groups to ensure fairness. The listed interest rate remains unchanged, the average interest rate remains stable thanks to a reasonable capital structure.

"Techcombank continues to restructure the organization, increase digitalization of processes to save costs and reduce credit inputs. At the same time, it is recommended to expand the electronic loan limit, which is currently limited to VND100 million. If increased, it will contribute to reducing operating costs and increasing credit granting speed," said Mr. Pham Quang Thang.

Mr. Pham Quang Thang, Deputy General Director of Techcombank - Photo: VGP/HT

Mr. Nguyen Viet Anh, Deputy General Director of TPBank, highly appreciated the flexible and responsible management role of the State Bank. TPBank is restructuring, reducing the number of contacts, investing in digital banking for automation to reduce costs and create the premise to reduce lending interest rates.

The bank has also diversified capital mobilization, increased non-term deposits (CASA), foreign capital, maintained low interest rates and stable mobilization. In the last 6 months of the year, TPBank is committed to continuing to maintain stable interest rates, supporting production, consumption and export.

High credit growth , efforts to reduce lending rates

Ms. Pham Thi Trung Ha, Deputy General Director of MB Bank, said that since the beginning of the year, MB has developed a plan to increase credit to key sectors of the economy, while actively participating in preferential credit programs and new policies from the State Bank.

According to Ms. Ha, MB has implemented specific solutions to promote credit, especially for production and business activities and support people. However, the field of home loans for individual customers has tended to decrease. However, credit for production has increased sharply, contributing significantly to GDP growth in the first half of the year.

To maintain low lending rates, MB focuses on cost reduction, digital transformation and strictly complies with the instructions of the State Bank. At the same time, Ms. Ha emphasized that the mobilization interest rate level needs to be managed synchronously, avoiding the situation where some banks cause fluctuations in customer psychology and the market.

Ms. Pham Thi Trung Ha, Deputy General Director of MB speaking - Photo: VGP/HT

MB representative highly appreciated the initiative of the State Bank in amending Circular 39, creating a legal foundation for e-lending activities. MB is ready to cooperate with to share implementation practices, especially the capacity to control e-lending facilities and forms of automatic credit granting based on data and analytical models.

According to MB representative, for individual customers and micro-enterprises - the group of subjects that need to have expanded access to credit, if the banking system has sufficient data and analytical tools, the ability to proactively grant credit will be enhanced, thereby better supporting the economy.

Regarding data connection, MB proposed that the State Bank assign the Vietnam National Credit Information Center or a specialized unit to act as a focal point to work with credit institutions to determine needs and coordinate data connection outside the banking sector such as the e-Government system, tax authorities, social insurance, industry associations, etc. Having a specific focal point will help clearly describe requirements and build a strong enough data system to serve credit assessment more effectively.

In addition, MB also recommends that there should be early warnings from the State Bank about industries, businesses, and customer groups with potential risks, to ensure credit growth goes hand in hand with safety control.

"Commercial banks also have information, but internal data of a bank is not enough. Information sharing is needed throughout the system to ensure prudent credit granting and sustainable development in the long term," said an MB representative.

HDBank leaders said that in the context of continued fluctuations in global geopolitics and economics, the State Bank has proactively and flexibly managed, maintained liquidity stability, created conditions for credit institutions to stabilize interest rates and gradually reduce lending rates.

HDBank recorded its highest credit growth ever. Growth focused on priority areas such as agriculture, high technology, infrastructure, digital transformation, green development and consumption.

"Outstanding loans in rural and urban areas of type II account for 52%, demonstrating the role of accompanying the local economy. Lending interest rates for individual customers decreased by 0.8%, and for corporate customers decreased by 0.5%. HDBank also fully participated in key programs such as social housing, rice in the Mekong Delta, digital technology... with a total outstanding loan of more than 32,000 billion VND," said the leader of HDBank.

At the same time, this bank also promotes support for technology investment funds such as AI, blockchain and maintains flexible support policies for customers. A large incentive package will be launched by HDBank on the occasion of the upcoming National Day, September 2.

VPBank representative shared that the bank always strictly follows the direction of the Government and the State Bank. In the first 6 months of the year, VPBank has sharply reduced deposit interest rates for both short and long terms. The average lending interest rate for individual customers decreased by about 0.79%, and for businesses by 0.22%.

VPBank's priority credit increased strongly in the following areas: SME increased by 19.4%, green credit increased by 34.4%, trade finance increased by 30% and project home loans increased by 200%.

VPBank also recorded a 27% increase in deposits from individual customers and disbursed international loans for sustainable development.

"However, since July, the growth rate of mobilization has shown signs of slowing down due to cash flow shifting to investment channels such as stocks and real estate. Therefore, authorities need to accelerate public investment disbursement, increase flexibility in interest rate management and consider loosening the LDR ratio (loan to total deposit ratio) to support system liquidity," VPBank representative suggested.

Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of Vietnam Banks Association - Photo: VGP/HT

Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks Association, highly appreciated Circular 14/2025 of the State Bank of Vietnam, allowing banks to be autonomous in risk management, thereby reducing interest rate pressure.

Mr. Nguyen Quoc Hung affirmed: The Association will continue to mobilize credit institutions to agree with the policy of the State Bank and the Government, to stabilize input interest rates and reduce lending interest rates in accordance with the capacity of each bank.

"In the context of many challenges, the banking industry has been demonstrating its role in effectively leading capital flows. With commitments from many sides and close management from the State Bank, expectations for stable interest rates and credit growth are still firmly maintained," said Mr. Nguyen Quoc Hung.

At the conference, after listening to reports from functional departments and opinions from 10 banks accounting for more than 70% of capital mobilization market share and 67% of credit market share, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that the State Bank of Vietnam has a comprehensive grasp of the market reality, and at the same time, committed to maintaining stable operating policies, liquidity and forecasting ability, meeting the requirements of the banking system.

Mr. Minh

Source: https://baochinhphu.vn/ngan-hang-dong-thuan-giu-on-dinh-lai-suat-tang-truong-ben-vung-102250805204730525.htm