Bank interest rates in December 2025: 25 banks accelerate their growth.
The market witnessed a strong wave of deposit interest rate increases, with the participation of the Big4 firms. The highest interest rate offered reached 9% per year.
The Vietnamese financial market in the first half of December 2025 witnessed a widespread wave of upward adjustments in savings interest rates, with 25 commercial banks participating. This trend indicates that the race to attract deposits is heating up towards the end of the year, directly impacting depositors.
The Big 4 groups are all entering the fray.
One of the most notable developments is the involvement of the group of four state-owned commercial banks (Big4), including:Vietcombank, VietinBank, BIDV and AgribankThis move disrupts the long-standing stability in interest rates maintained in the state-owned sector.
Following adjustments, Vietcombank, VietinBank, and BIDV are now listing identical interest rates at their counters for all maturities. Meanwhile, Agribank is offering slightly higher interest rates for maturities from 1 to 9 months. This synchronized change reflects the new capital mobilization strategy of these major banks.
A new interest rate level has been established.
The interest rate race has pushed the overall market to a new level. In the short-term maturities group (under 6 months), many banks have listed interest rates at the maximum allowed level.4.75%/yearAccording to regulations of the State Bank of Vietnam, interest rates above 6.5% per year are becoming increasingly common for longer terms.
Special interest rates
The market has also seen the emergence of "special" interest rate packages, albeit with strict conditions regarding deposit balances. These products are primarily aimed at institutional clients or individuals with substantial assets.
| Bank | highest interest rate | Terms and conditions apply |
|---|---|---|
| PVcomBank | 9.0%/year | Minimum balance of VND 2,000 billion, term of 12-13 months |
| HDBank | 8.4%/year | Minimum balance of VND 500 billion, term of 13 months |
| Nam A Bank | 8.0%/year | Minimum balance of VND 500 billion, term of 12 months |
In addition, many banks still maintain attractive interest rates for mass market customers without requiring large deposits. Rates range from6.0% to 6.7% per yearListed for long-term maturities at Vikki Bank, Cake by VPBank, Bac A Bank, PVcomBank, SHB, and OCB, providing more options for individual depositors.
The upward trend is expected to continue.
According to analysts, the upward trend in deposit interest rates is likely to continue in the near future. The main reason is believed to be the typically high demand for credit at the end of the year, and banks needing to balance their medium and long-term capital sources. This requires depositors to closely monitor market developments to make optimal decisions.
