Lending interest rates at more than 20 banks have increased sharply, with GPBank leading the way with an adjustment of 2.13%.
Lending interest rates in December 2025 showed an upward trend at most banks, reflecting pressure from rising deposit interest rates in the final months of the year.
Lending interest rates in December 2025 showed significant divergence, but an upward trend prevailed, with over 20 banks officially releasing their figures. According to aggregated data, most banks adjusted their average lending interest rates upwards compared to November 2025 and the beginning of the year, consistent with the recent increase in deposit interest rates in the market.
Notably, the spread between average lending and deposit interest rates (NIM) is currently being maintained by banks at levels ranging from 1.1% to over 4%, depending on the operating model and cost of capital of each institution.
State-owned banks maintained a slight increase.
Among the Big 4 banks, Agribank, Vietcombank, and BIDV all recorded an increase in average lending interest rates compared to the previous month. Specifically, atAgribankThe average lending interest rate in December 2025 reached 6.93%/year, an increase of 0.24%/year compared to November. This bank still prioritizes interest rates of 4%/year for priority sectors and sets interest rates for social housing loans from 5.9% to 6.4%/year.
InVietcombankThe average lending interest rate in December 2025 was 5.8% per year, an increase of 0.1% per year compared to the beginning of the year. Meanwhile,MBThe rate recorded was 5.6% per year, an increase of 0.13% per year compared to November, but still 0.06% per year lower than at the beginning of 2025.VietinBankAlthough the December figures have not yet been released, the November data shows that the average lending interest rate reached 5.1% per year.
Pressure is mounting in the private banking sector.
The private commercial banking sector witnessed the most significant corrections.GPBankLeading the market in terms of increases, the average lending interest rate in December surged to 9.04%/year, a rise of 2.13%/year compared to January 2025. This was followed by LPBank with an increase of 1.93%/year and Techcombank with an increase of 1.49%/year.
Banks such as BVBank, Sacombank, and ACB also followed the trend, adjusting their interest rates upwards by 0.94% to 1.23% per year. Conversely, a few institutions recorded decreases compared to the beginning of the year, notably:BaoViet BankReduced by up to 1.75% per year, bringing interest rates down to 7.2% per year.
Summary of average lending interest rates in December 2025
| Bank | Interest rate (%) | Increase/Decrease compared to the beginning of the year (%) | Interest rate differential (%) |
|---|---|---|---|
| VietinBank (T11) | 5.1 | -0.5 | 1.8 |
| MB | 5,6 | -0.06 | 1.28 |
| Vietcombank | 5.8 | 0.1 | 1.30 |
| Agribank | 6.93 | 0.13 | 1,17 |
| ACB | 7.46 | 0.94 | 2.34 |
| Techcombank | 8.58 | 1.49 | 3.2 |
| LPBank | 8.82 | 1.93 | 3.65 |
| GPBank | 9.04 | 2.13 | 2.35 |
| BVBank | 9.59 | 1.23 | 4.23 |
Although average interest rates reflect general trends, the actual interest rate applied to each specific loan still largely depends on the level of risk, term, and customer type. Experts predict that the pressure to balance capital costs will continue to be a difficult challenge for the banking system in the coming period.