Viet Nam Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Viet Nam's interest rate spread was 5.60% in 2025, ranked 42nd globally. This represents a 23.3% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Viet Nam's interest rate spread stood at 5.60% in 2025, a rise of +1.06pp from 2023. Based on recent trends, this figure is projected to reach 5.60% by 2025. Viet Nam ranked 42nd globally.
Vietnam’s interest‑rate spread has narrowed sharply over the 29‑year series, falling from its all‑time peak of 10.14 % in 1993 to a trough of 1.92 % in 2016 before rising modestly to 5.60 % in 2025, placing the country 42nd globally. The early 1990s surge reflected a nascent financial system with high policy rates and limited credit market depth, while the post‑2008 decline coincided with reforms that liberalised lending and tightened monetary policy. The recent spread, though wider than the 2016 low, remains comparable to peer economies such as Moldova (5.50 %) and Nigeria (5.77 %). Continued development of Vietnam’s bond market and further deregulation of bank lending could compress the spread further, whereas external shocks or tighter monetary stances would likely expand it.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 6.03% | - | - |
| 2025* trend | 5.60% | - | - |
| 2025 | 5.60% | +1.06pp | #42 |
| 2023 | 4.54% | +0.35pp | #32 |
| 2022 | 4.20% | −0.24pp | #29 |
| 2021 | 4.44% | +0.91pp | #39 |
| 2020 | 3.53% | +0.79pp | #29 |
| 2019 | 2.73% | +0.10pp | #17 |
| 2018 | 2.63% | +0.38pp | #13 |
| 2017 | 2.26% | +0.33pp | #20 |
| 2016 | 1.93% | −0.45pp | #19 |
| 2015 | 2.37% | −0.54pp | #24 |
| 2014 | 2.91% | −0.33pp | #26 |
| 2013 | 3.23% | +0.27pp | #35 |
| 2012 | 2.97% | +0.01pp | #26 |
| 2011 | 2.96% | +1.02pp | #23 |
| 2010 | 1.94% | −0.22pp | #18 |
Detected Pattern
Analysis
Viet Nam matched the Export Boom Cycle pattern in 2020. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Viet Nam's interest rate spread was 5.60% in 2025. Ranked 42nd globally. This represents a 23.3% increase from the previous year.
Viet Nam's interest rate spread peaked at 10.14% in 1993.
The lowest interest rate spread in Viet Nam was 1.93% in 2016.
Viet Nam ranks 42nd globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Viet Nam's interest rate spread is projected to reach 5.60% by 2025 based on trend extrapolation.
The interest rate spread of Viet Nam in 2025 was 5.60%. This ranks 42nd in the world.
Cite this page
@misc{historysaid_viet-nam_interest-rate-spread,
title = {Viet Nam Interest Rate Spread},
url = {https://historysaid.com/viet-nam/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}