HCMC – The latest interest rate tables in August 2025 show that Vietnamese dong deposit rates at banks remain low, with some banks raising their rates by 0.1-0.2 percentage point for certain tenors, according to the Vietnam News Agency.
VPBank has raised deposit rates by 0.1 percentage point per annum across all terms from one to 36 months. Techcombank has also lifted its savings rates by 0.1 to 0.2 percentage point per annum for the same range of terms.
Digital lender VCBNeo has boosted its deposit rates by 0.2 percentage point per annum for terms of one to seven months. TPBank, meanwhile, has raised rates by 0.2 percentage point per annum for one- to three-month deposits, and by 0.1 percentage point for terms ranging from six to 36 months.
However, deposit interest rates of 6% per year or higher are now only available for longer terms, such as the 18-month term at digital bank Vikki Bank with 6% per year, and at HDBank with 6.1% per year.
For 12-month terms, the highest rates currently offered are 6% per year at Cake by VPBank and 5.95% per year at GPBank.
Among other banks, deposit interest rates remain unchanged from the previous month. Vietcombank continues to offer 2.9% per year for six- to nine-month deposits, 4.6% per year for 12-month terms, and 4.7% per year for terms of 24 months or longer.
BIDV maintains rates at 3.0% per year for six- to nine-month deposits, 4.7% per year for 12 months, and 4.8% per year for 24-month terms. Similarly, VietinBank applies rates of 3% per year for six- to nine-month deposits, 4.7% per year for 12-month terms, and 4.8% per year for 24-month terms.
Experts forecast that there is still room for further cuts in deposit interest rates, as credit growth remains high while interbank interest rates continue to decline, putting downward pressure on savings rates.
