Against a backdrop of economic volatility, the banking sector in Dak Lak Province has rolled out flexible, decisive measures to stabilise and lower the overall lending rate level.

Immediately after the Governor of the State Bank of Vietnam (SBV) issued Notice No. 117/TB-SBV in April 2026, requiring a minimum annual reduction of 0.5 % points in deposit rates for terms of six months or more, alongside lower lending rates, the SBV’s Region 11 Branch translated the directive into programmes tailored to local conditions in Dak Lak.

Notably, the SBV’s Region 11 Branch proactively established inspection and surprise audit teams to review commercial bank branches showing signs of unusually rapid deposit growth.

Military Commercial Joint Stock Bank - Dak Lak Branch offering preferential interest rates tied to maintaining funds in payment accounts.

Thanks to these stringent measures, coupled with consensus across the credit institution system, interest rates in Dak Lak have remained broadly stable in recent months. In August 2026, at State-dominated commercial banks, deposit rates stood at 0.2 - 0.3 %/year for terms of less than one month; 3.5 - 4.2 % for terms from one to under six months; 5.5 - 6.6 % for terms from six to under 12 months; and around 5.9 - 6.8 % for terms of 12 months or more. At other joint-stock commercial banks, deposit rates ranged from 0.2 - 0.5 %/ year for short-term deposits, 4.0 - 7.8 % for medium-term deposits as well as 6.2 - 7.5 % for longer terms, while USD deposit rates remained firmly anchored at 0 % in line with the overall monetary policy direction.

More importantly, containing funding costs has created a safety buffer for easing lending rates, directly channelling reasonably priced financial resources into the real economy. In the province, short-term lending rates for Vietnamese-dong loans currently generally range from 6.8 - 9.5 %/ year, while medium- and long-term loans carry rates of 9.0 - 10.7 &. Foreign-currency lending rates have remained stable at 4.5 - 5.5 %/ year.

Commitment to partnership

At Military Commercial Joint Stock Bank - Dak Lak Branch (MB Dak Lak), the strategy for stabilising interest rates is closely linked to credit risk management and in-depth appraisal. Mr. Nguyen Duy Tuan, Director of MB Dak Lak, said the branch consistently focuses on optimising operating costs while diversifying its funding structure to create room for maintaining stable lending rates. The bank channels capital into highly feasible medium- and long-term projects, involving farm coupled with factory investments. It also rolls out a range of practical preferential programmes to provide direct support for businesses and residents.

Mr. Nguyen Kim Cuong, Director of the SBV’s Region 11 Branch, said effective control of the overall interest-rate level not merely helps businesses and people ease financial cost pressures amid the recovery of production, but also safeguards credit quality within a safe range alongside minimises the risk of new bad debts.

It can be affirmed that consistent policy measures, together with commercial banks’ proactive efforts to share difficulties, are strengthening confidence among the business community, enabling enterprises to continue expanding investment while creating sustainable value for Dak Lak Province’s socio-eco development in the years ahead.

Translated by HAI LOAN