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Vietnam Interest Rate

Vietnam's interest rate held steady at 4.5% in June and July 2025. This stability reflects a consistent monetary policy driven by controlled inflation which stayed below the government's 4.5% target. Strong economic growth projections also support maintaining current rates to encourage expansion. The State Bank of Vietnam's efforts to manage exchange rate fluctuations further contribute to the stable outlook. Vietnam's record low interest rate was 4% on September 30, 2020 and record high was 6.5% on August 31, 2015.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Jul 31, 2025 4.5%
Jun 30, 2025 4.5%
May 31, 2025 4.5%
Apr 30, 2025 4.5%
Mar 31, 2025 4.5%
Feb 28, 2025 4.5%
Jan 31, 2025 4.5%
Dec 31, 2024 4.5%
Nov 30, 2024 4.5%
Oct 31, 2024 4.5%
Sep 30, 2024 4.5%
Aug 31, 2024 4.5%
Jul 31, 2024 4.5%
Jun 30, 2024 4.5%
May 31, 2024 4.5%
Apr 30, 2024 4.5%
Mar 31, 2024 4.5%
Feb 29, 2024 4.5%
Jan 31, 2024 4.5%
Dec 31, 2023 4.5%
Nov 30, 2023 4.5%
Oct 31, 2023 4.5%
Sep 30, 2023 4.5%
Aug 31, 2023 4.5%
Jul 31, 2023 4.5%
Jun 16, 2023 4.5%
May 23, 2023 5%
Apr 03, 2023 5.5%
Mar 14, 2023 6%
Feb 28, 2023 6%
Jan 31, 2023 6%
Dec 31, 2022 6%
Nov 30, 2022 6%
Oct 24, 2022 6%
Sep 22, 2022 5%
Aug 31, 2022 4%
Jul 31, 2022 4%
Jun 30, 2022 4%
May 31, 2022 4%
Apr 30, 2022 4%
Mar 31, 2022 4%
Feb 28, 2022 4%
Jan 31, 2022 4%
Dec 31, 2021 4%
Nov 30, 2021 4%
Oct 31, 2021 4%
Sep 30, 2021 4%
Aug 31, 2021 4%
Jul 31, 2021 4%
Jun 30, 2021 4%
May 31, 2021 4%
Apr 30, 2021 4%
Mar 31, 2021 4%
Feb 28, 2021 4%
Jan 31, 2021 4%
Dec 31, 2020 4%
Nov 30, 2020 4%
Oct 31, 2020 4%
Sep 30, 2020 4%
Aug 31, 2020 4.5%
Jul 31, 2020 4.5%
Jun 30, 2020 4.5%
May 12, 2020 4.5%
Apr 30, 2020 5%
Mar 17, 2020 5%
Feb 29, 2020 6%
Jan 31, 2020 6%
Dec 31, 2019 6%
Nov 30, 2019 6%
Oct 31, 2019 6%
Sep 16, 2019 6%
Aug 31, 2019 6.25%
Jul 31, 2019 6.25%
Jun 30, 2019 6.25%
May 31, 2019 6.25%
Apr 30, 2019 6.25%
Mar 31, 2019 6.25%
Feb 28, 2019 6.25%
Jan 31, 2019 6.25%
Dec 31, 2018 6.25%
Nov 30, 2018 6.25%
Oct 31, 2018 6.25%
Sep 30, 2018 6.25%
Aug 31, 2018 6.25%
Jul 31, 2018 6.25%
Jun 30, 2018 6.25%
May 31, 2018 6.25%
Apr 30, 2018 6.25%
Mar 31, 2018 6.25%
Feb 28, 2018 6.25%
Jan 31, 2018 6.25%
Dec 31, 2017 6.25%
Nov 30, 2017 6.25%
Oct 31, 2017 6.25%
Sep 30, 2017 6.25%
Aug 31, 2017 6.25%
Jul 10, 2017 6.25%
Jun 30, 2017 6.5%
May 31, 2017 6.5%
Apr 30, 2017 6.5%
Mar 31, 2017 6.5%
Feb 28, 2017 6.5%
Jan 31, 2017 6.5%
Dec 31, 2016 6.5%
Nov 30, 2016 6.5%
Oct 31, 2016 6.5%
Sep 30, 2016 6.5%
Aug 31, 2016 6.5%
Jul 31, 2016 6.5%
Jun 30, 2016 6.5%
May 31, 2016 6.5%
Apr 30, 2016 6.5%
Mar 31, 2016 6.5%
Feb 29, 2016 6.5%
Jan 31, 2016 6.5%
Dec 31, 2015 6.5%
Nov 30, 2015 6.5%
Oct 31, 2015 6.5%
Sep 30, 2015 6.5%
Aug 31, 2015 6.5%
Vietnam Interest Rate : Definition
The Interest Rate set by the State Bank of Vietnam is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 6.1% 5.9% Dec'24
Debt to GDP Ratio 32.9% 34.4% Dec'24
Private Credit (% GDP) 124.96% 124.28% 2022