Interest rate spread in Viet Nam
Viet Nam: Interest rate spread was 4.5% in 2023. ▼ Falling
Interest rate spread in Viet Nam, 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 Viet Nam 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 Viet Nam peaked at 10.1% in 1993 and was at its lowest, 1.9%, in 2016.
That places Viet Nam 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 in Viet Nam, 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% |
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 Viet Nam
More financial sector data for Viet Nam
- 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 Viet Nam?
- Interest rate spread in Viet Nam was 4.5% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Viet Nam?
- The highest recorded value was 10.1% in 1993.
- What is the lowest interest rate spread recorded in Viet Nam?
- The lowest recorded value was 1.9% in 2016.
- How does Viet Nam rank for interest rate spread?
- Viet Nam ranks 82nd out of 141 countries with data for 2023.
- Is interest rate spread rising or falling in Viet Nam?
- Over the last ten years it is up 40.4%. The long-run trend across the full record is falling.
- Where does this Viet Nam 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.
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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.