AGR

Over 20 Vietnamese commercial banks, led by major state-owned and private institutions, have simultaneously reduced deposit rates by up to 0.5% per annum, following a directive from the State Bank of Vietnam (SBV) on April 9. This coordinated move is expected to pave the way for a broader reduction in lending rates, with early movers like Agribank and Nam A Bank already cutting loan rates by 0.5-3.0% to support economic recovery.

Agribank (AGR) proactively cut its deposit rate by 50 basis points for terms of 24 months and above, effective April 13, 2026, and will correspondingly reduce its lending rates, following guidance from the State Bank of Vietnam. The move aims to stabilize interest rates and support economic recovery, with the state-owned bank positioning itself as a policy leader in the banking sector.

PNJ is among 11 enterprises and credit institutions that have applied for licenses to produce gold bars and import gold raw materials, as announced by the State Bank of Vietnam (SBV) on April 14, 2026. This follows Decree 232, which ends the state monopoly on gold bar production, with SBV citing market volatility and aiming to increase supply to narrow the domestic-international price gap.