Deposit interest rate in Vietnam
Vietnam: Deposit interest rate was 4.8% in 2023. ◆ Volatile
Deposit interest rate in Vietnam, 1993–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2023, deposit interest rate in Vietnam stood at 4.8%.
The figure is up 25.2% on the previous year and down 33.0% over ten years.
Over the whole period, deposit interest rate in Vietnam peaked at 22.0% in 1993 and was at its lowest, 3.4%, in 2021.
That places Vietnam 65th out of 152 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.8% | 7.4% | 22.0% | 4 |
| 2000s | 7.1% | 3.7% | 12.7% | 10 |
| 2010s | 7.3% | 4.7% | 14.0% | 10 |
| 2020s | 4.0% | 3.4% | 4.8% | 4 |
Countries ranked near Vietnam
More financial sector data for Vietnam
- Domestic credit to private sector 125.0% (2022)
- Net domestic credit 12,108.30 trillion current LCU (2022)
- Total reserves in months of imports 2.37 (2024)
- Net foreign assets -534.88 billion current LCU (2023)
- Domestic credit to private sector by banks 125.0% (2022)
- Monetary Sector credit to private sector 125.0% (2022)
- Claims on central government, etc. 0.9% (2022)
- Broad money 136.3% (2022)
- Official exchange rate 24,165 LCU per US$, period average (2024)
- Net migration -48,171 (2025)
Frequently asked questions
- What is deposit interest rate in Vietnam?
- Deposit interest rate in Vietnam was 4.8% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Vietnam?
- The highest recorded value was 22.0% in 1993.
- What is the lowest deposit interest rate recorded in Vietnam?
- The lowest recorded value was 3.4% in 2021.
- How does Vietnam rank for deposit interest rate?
- Vietnam ranks 65th out of 152 countries with data for 2023.
- Is deposit interest rate rising or falling in Vietnam?
- Over the last ten years it is down 33.0%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.