In line with the directives of the Government and the State Bank of Vietnam (SBV) to reduce interest rate levels in order to stabilize the economy, the Co-operative Bank of Vietnam (Co-opBank) promptly implemented reductions in deposit interest rates across multiple tenors.
Specifically, immediately following the meeting between the SBV Governor and credit institutions on the afternoon of April 9, 2026, Co-opBank proactively reduced its deposit interest rates by 0.5% per annum. This move demonstrates its strong commitment to promptly and effectively implementing the directives of the regulatory authority.
The reduction in deposit rates not only helps Co-opBank improve the efficiency of capital utilization but also creates room to gradually lower lending rates, thereby supporting People’s Credit Funds (PCFs), businesses, and individual customers in accessing capital at more reasonable costs, contributing to overall economic development.
Customers conducting transactions at a Co-opBank branch
In recent years, Co-opBank has closely followed the policy direction of the SBV, adjusting interest rates in a flexible manner while balancing operational efficiency with its responsibility to accompany and support customers. Through these efforts, the bank has contributed to stabilizing the financial – monetary market and promoting economic growth.
As the bank of PCFs network, Co-opBank continues to effectively fulfill its role in system linkage, capital balancing, and the provision of banking products and services, particularly digital banking solutions, thereby helping PCFs enhance their operational efficiency. Deposit and lending products are designed with flexible tenors, preferential interest rates, and options for early withdrawal with appropriate interest rates.
Notably, Co-opBank consistently maintains higher term deposit interest rates for PCFs compared to non-system customers, thereby encouraging PCFs to optimize their idle capital. Conversely, lending rates for PCFs are set at lower levels than those for businesses and individual customers, contributing to reduced funding costs, improved financial capacity, and enhanced ability to support members in production and business activities.
In the coming period, Co-opBank will continue to closely monitor market developments, manage interest rates flexibly, and continuously improve the quality of its products and services, with the aim of delivering the greatest practical value to PCFs and customers.
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