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At the 2027 Vietnam Investment Forum, BIDV chief economist Cấn Văn Lực said rising credit demand, pressure on bank liquidity and narrowing net interest margins limit the scope for further rate cuts. TPBank deputy CEO Nguyễn Việt Anh called for more medium- and long-term financing channels outside the banking system.
In the third quarter of 2026, interest expenses at 28 Vietnamese listed or registered banks rose 13.7% from the previous quarter. Among banks that disclosed detailed data, average customer deposits grew about 4.9%, while interest paid on deposits rose nearly 14%. Rising funding costs remain a pressure on banks.
In the third quarter of 2026, the median net interest margin of 28 Vietnamese banks held steady at 2.67%, but 18 banks recorded year-on-year declines. Credit growth supported net interest income, while interest expenses rose faster than interest income. A falling share of demand deposits also put pressure on funding costs.
Sacombank says the State Bank of Vietnam has resumed talks on how to handle the 32.5% stake linked to Trầm Bê. The plan still awaits regulatory approval. Sacombank’s credit growth accelerated in the third quarter of 2026, but its nonperforming loan ratio reached 5.99%, while provisioning needs and pressure on its net interest margin leave the timing of a profit recovery uncertain.
