Interest rate spread (lending rate minus deposit rate, %) in Vietnam
Vietnam: Interest rate spread (lending rate minus deposit rate, %) was 4.5% in 2023. ▼ Falling
Interest rate spread in Vietnam, 1993–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Vietnam is 4.5%, measured in 2023.
Compared with earlier readings it is up 8.3% on the previous year and up 40.4% over ten years.
Over the whole period, interest rate spread in Vietnam peaked at 10.1% in 1993 and was at its lowest, 1.9%, in 2016.
That places Vietnam 82nd out of 141 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Vietnam, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1993 | 10.1% | — |
| 1997 | 5.9% | -41.8% |
| 1998 | 5.2% | -12.4% |
| 1999 | 5.3% | +3.0% |
| 2000 | 6.9% | +29.5% |
| 2001 | 4.1% | -40.3% |
| 2002 | 2.6% | -36.5% |
| 2003 | 2.9% | +9.3% |
| 2004 | 3.6% | +24.2% |
| 2005 | 3.9% | +9.3% |
| 2006 | 3.5% | -8.6% |
| 2007 | 3.7% | +4.0% |
| 2008 | 3.1% | -17.2% |
| 2009 | 2.2% | -29.3% |
| 2010 | 1.9% | -10.1% |
| 2011 | 3.0% | +52.5% |
| 2012 | 3.0% | +0.3% |
| 2013 | 3.2% | +9.0% |
| 2014 | 2.9% | -10.1% |
| 2015 | 2.4% | -18.5% |
| 2016 | 1.9% | -18.8% |
| 2017 | 2.3% | +17.3% |
| 2018 | 2.6% | +16.6% |
| 2019 | 2.7% | +3.8% |
| 2020 | 3.5% | +29.1% |
| 2021 | 4.4% | +25.8% |
| 2022 | 4.2% | -5.4% |
| 2023 | 4.5% | +8.3% |
Vietnam compared with similar countries
- Vietnam's 4.5% is below the median for upper middle income countries, which is 5.4%, 85% of the median. (49 countries reporting)
- Vietnam's 4.5% is below the median for East Asia & Pacific, which is 5.0%, 91% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.6% | 5.2% | 10.1% | 4 |
| 2000s | 3.6% | 2.2% | 6.9% | 10 |
| 2010s | 2.6% | 1.9% | 3.2% | 10 |
| 2020s | 4.2% | 3.5% | 4.5% | 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 interest rate spread in Vietnam?
- Interest rate spread in Vietnam was 4.5% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Vietnam?
- The highest recorded value was 10.1% in 1993.
- What is the lowest interest rate spread recorded in Vietnam?
- The lowest recorded value was 1.9% in 2016.
- How does Vietnam rank for interest rate spread?
- Vietnam ranks 82nd out of 141 countries with data for 2023.
- Is interest rate spread rising or falling in Vietnam?
- Over the last ten years it is up 40.4%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.