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 64th out of 153 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.
Deposit interest rate (%) in Vietnam, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 22.0% | — |
| 1997 | 8.5% | -61.4% |
| 1998 | 9.2% | +8.4% |
| 1999 | 7.4% | -20.1% |
| 2000 | 3.7% | -50.4% |
| 2001 | 5.3% | +45.2% |
| 2002 | 6.4% | +21.6% |
| 2003 | 6.6% | +2.7% |
| 2004 | 6.2% | -6.8% |
| 2005 | 7.1% | +15.8% |
| 2006 | 7.6% | +6.8% |
| 2007 | 7.5% | -1.8% |
| 2008 | 12.7% | +69.9% |
| 2009 | 7.9% | -37.9% |
| 2010 | 11.2% | +41.5% |
| 2011 | 14.0% | +25.0% |
| 2012 | 10.5% | -24.9% |
| 2013 | 7.1% | -32.0% |
| 2014 | 5.8% | -19.4% |
| 2015 | 4.7% | -17.5% |
| 2016 | 5.0% | +6.1% |
| 2017 | 4.8% | -4.5% |
| 2018 | 4.7% | -1.5% |
| 2019 | 5.0% | +5.0% |
| 2020 | 4.1% | -17.2% |
| 2021 | 3.4% | -18.1% |
| 2022 | 3.8% | +13.1% |
| 2023 | 4.8% | +25.2% |
Vietnam compared with similar countries
- Vietnam's 4.8% is above the median for upper middle income countries, which is 4.1%, 1.2× the median. (53 countries reporting)
- Vietnam's 4.8% is above the median for East Asia & Pacific, which is 1.5%, 3.2× the median. (26 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0001 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0001 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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 64th out of 153 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.