Viet Nam: Real interest rate (%)

Key figures

What the numbers say

In 2023, Viet Nam's real interest rate (%) rose 3.59 percentage points on 2022 (from 3.42% to 7.01%).

Across the 26 yearly changes before that (1997 to 2022), the average change was −0.27 percentage points and a typical year strayed about 7.15 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 16.82 percentage points in 2011 and the biggest yearly fall was 24.12 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Viet Nam in the 2023 ranking

• Aruba — 2nd of 4: 2.88%
• Italy — 3rd of 4: -1.29%
• San Marino — 4th of 4: -1.6%

What this measures

An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.

All 29 values

Real interest rate (%) in nearby economies

• Australia — 1.57% (2019)
• Brunei Darussalam — 10.75% (2025)
• China — 5.15% (2024)
• Fiji — -1.45% (2024)
• Hong Kong SAR, China — 4.11% (2025)
• Indonesia — 5.99% (2025)
• Japan — 0.97% (2017)
• Korea, Rep. — 1.03% (2025)
• Macao SAR, China — 4.97% (2025)
• Malaysia — 5.3% (2025)
• Micronesia, Fed. Sts. — 10.57% (2021)
• Mongolia

More financial sector data for Viet Nam

• DEC alternative conversion factor (LCU per US$) — US$24,961 (2025)
• GDP deflator (base year varies by country) — 189.97 (2025)
• Inflation, GDP deflator (annual % growth) — 3.33% (2025)
• Official exchange rate (LCU per US$, period average) — US$24,165 (2024)
• Inflation, GDP deflator, linked series (annual % growth) — 3.33% (2025)
• GDP deflator, linked series (base year varies by country) — 189.97 (2025)
• Net foreign assets (current LCU) — -534.88 billion (2023)
• Consumer price index (2010 = 100) — 195.98 (2025)
• Domestic credit to private sector by banks (% of GDP) — 124.96% (2022)

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Questions people ask

What is Viet Nam's real interest rate (%)?

7.01% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 5.57 percentage points from 12.58% in 1993. The highest value was 12.58% in 1993 and the lowest -20.5% in 2010.

Is the latest change in real interest rate (%) unusual for Viet Nam?

In 2023, Viet Nam's real interest rate (%) rose 3.59 percentage points on 2022 (from 3.42% to 7.01%). Across the 26 yearly changes before that (1997 to 2022), the average change was −0.27 percentage points and a typical year strayed about 7.15 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB).

Source

World Bank, World Development Indicators, indicator FR.INR.RINR, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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