At the Joint Stock Commercial Bank for Investment and Development of Vietnam - Điện Biên Branch (BIDV Điện Biên), the deposit interest rate for terms of 24 months and above has been adjusted down by 0.5%/year since April 13, 2026. Based on this, the bank has correspondingly reduced its lending rates.

Accordingly, BIDV Điện Biên has reduced medium and long-term lending rates corresponding to the reduction in the 24-month deposit rate, with a decrease of 0.2 - 0.3%. At the same time, BIDV Điện Biên rolled out multiple credit packages to support citizens and businesses, such as medium and long-term credit packages with competitive interest rates; short-term loans for production and business with interest rates starting from only 7.1%/year; and competitive medium and long-term loan packages with interest rates from 10.5%/year.

Đoàn Đại Dương, Director of BIDV Điện Biên, stated: “Not only during this period, but right from the first quarter of 2026, BIDV had deployed support credit packages with a scale of over VND 700,000 billion, offering interest rates 0.5 - 1.5%/year lower than usual. Credit flows are directed towards production, business, and priority areas to reduce capital costs and create conditions to lower lending rates, especially in food and rice production and processing. To date, the scale of individual production and business loans at BIDV Điện Biên has reached VND 355 billion, and medium and long-term loans have reached VND 580 billion.”

For the Vietnam Bank for Agriculture and Rural Development (Agribank), it announced a 0.5%/year reduction in deposit interest rates for terms of 24 months and above, starting from April 13. Not stopping at capital mobilization, Agribank also implemented a reduction in lending rates. Under the mechanism applied at Agribank, the 24-month savings interest rate is used as a reference level to determine medium and long-term lending rates. Therefore, when the reference rate decreases by 0.5%/year, the lending rate is also adjusted down correspondingly by 0.5%/year.

The simultaneous reduction of both deposit and lending interest rates has been implemented seriously and transparently by Agribank Điện Biên, demonstrating the branch’s efforts to share capital costs with customers, especially in a context where the economy needs more momentum to recover and grow. From the beginning of the year to the end of April, the loan turnover at Agribank Điện Biên reached over VND 383 billion.

Cao Văn Thắng, Deputy Director of Agribank Điện Biên, shared that over the past time, for individual customers and households alone, Agribank Điện Biên has implemented 8 interest rate support loan packages with a total reduced amount of over VND 9 billion. The unit also allocates large capital sources to lend to priority areas, identifying agriculture and rural areas as the focus, especially high-tech and clean agriculture. This contributes to promoting production and business while supporting small and medium-sized enterprises in the area.

In order to help alleviate the burden of capital costs and create more room for production and business activities, since mid-April 2026, many other commercial banks in the province have quickly implemented reductions in deposit interest rates, mainly for terms over 6 months, in accordance with the State Bank’s policy.

Accordingly, credit institutions have proactively reviewed their customer portfolios, especially small and medium-sized enterprises, cooperatives, business households, and priority sectors, to apply appropriate interest rate reduction policies. The public and transparent disclosure of lending rates is seriously carried out by banks, helping customers gain complete information to access capital sources, thereby contributing to stabilizing market interest rate levels.

Banks actively implementing the directives of the Prime Minister and the State Bank not only contribute to reducing capital costs for businesses and citizens but also promote reasonable credit growth, support local economic recovery, and create momentum for the province’s socio-economic development in the coming time.