Ensuring capital flow for the economy

In the last months of the year, when production and business activities in Thai Nguyen entered the peak period, the capital demand of enterprises and people increased sharply, leading to a number of commercial banks adjusting their mobilization interest rates. Market records show that the adjustment is not large but enough to create a noticeable shift in the capital structure of credit institutions. Increasing interest rates at a controlled level is considered a necessary solution for banks to proactively balance liquidity, ensuring stable capital sources to serve the increased loan demand at the end of the year.

Many businesses hope to soon disburse loan capital, to promptly supplement resources to serve year-end production needs and prepare investment plans for next year.

Slight increase in deposit interest rates helps attract capital flows

According to the State Bank of Vietnam (SBV) Region 5, the current common interest rate level is 0.1-0.5%/year for non-term deposits and deposits with terms of less than 1 month; 1.5-4.0%/year for terms from 1 to less than 6 months; 2.7-4.9%/year for terms from 6 to less than 12 months; and 3.7-5.85%/year for deposits of 12 months or more. Some joint stock commercial banks have higher adjustments for each term for traditional customers, customers with large balances or choosing long terms.

The management agency assessed that the adjustment level of banks is still within the general safety zone of the system, not creating unusual fluctuations or signs of unhealthy competition.

Talking to us, Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, said: The current movement of deposit interest rates reflects market demand and the law of capital supply and demand at the end of the year. The slight increase in deposit interest rates helps attract idle capital from the population and economic organizations, thereby creating conditions for banks to consolidate capital sources for year-end disbursement. The current interest rate level remains stable and does not put pressure on lending interest rates.

Regarding the issue, the State Bank of Vietnam continues to maintain the operating interest rates from the beginning of the year to create conditions for credit institutions to access low-cost capital sources, support the reduction of lending interest rates, and at the same time maintain stability in the monetary market, especially in the context of many unpredictable fluctuations in the world economy.

A survey at a number of commercial banks in the province shows that the demand for savings deposits tends to increase in November and early December. Many customers prefer to choose terms from 6 to 12 months due to higher interest rates, while short terms maintain a slight increase or remain the same compared to the previous month.

The number of customers coming to transact at Bac A Commercial Joint Stock Bank - Thai Nguyen Branch tends to increase slightly from mid-November 2025.

At Bac A Commercial Joint Stock Bank - Thai Nguyen Branch, the number of customers coming to transact increased by about 10% compared to October, mainly long-term depositors. Ms. Nguyen Thu Ha, Transaction Officer, said: From November 15, the Branch adjusted the interest rates slightly higher for some terms of 6, 13, 18 and 24 months. This increase is mainly to attract long-term capital, helping the bank have stable resources to lend medium and long term in times of high demand.

Talking to some customers who were transacting at the counter, Ms. Nguyen Thi Thanh, in Phan Dinh Phung ward, said: My family has just deposited 200 million VND in savings for a 12-month term. Due to the slight increase in interest rates, I decided to deposit for a longer term instead of 3 months as before. The interest rate is not much different, but it creates a sense of security when the bank operates stably and transparently, especially in a period when many investment channels are fluctuating.

At the Military Commercial Joint Stock Bank (MB) Thai Nguyen Branch, Ms. Tran Thuy Nguyen, Controller, said: We increased by 0.1 to 0.2 percentage points for some terms, focusing on the 6-12 month group. The adjustment is small but creates attractiveness for deposit flows. At the same time, MB continues to implement cost reduction measures through digital transformation, process improvement, thereby reducing pressure on mobilization costs and maintaining lending interest rates at a reasonable level.

At Techcombank Thai Nguyen, Mr. Long Minh Tu, Branch Director, said: Along with adjusting the mobilization interest rate according to the general level of the system, Techcombank pays special attention to enhancing communication and information transparency, helping people easily access and fully grasp the new programs and interest rates. Currently, Techcombank's savings interest rate at the counter ranges from 3.5% to 4.8%/year, in which the highest rate of 4.8%/year applies to deposits of 12 months or more.

After the flood, many households in Dong Hy commune borrowed capital to develop livestock farming and restore poultry flocks to serve the Tet holiday.

Closely monitor and stabilize the currency market

Along with the slight increase in deposit interest rates at some commercial banks, the State Bank of Region 5 affirmed that the regulatory and supervisory role of the management agency is a key factor to ensure the monetary market operates stably, transparently and in the right direction.

Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, said: Recently, the unit has issued many directive documents and organized working groups to work directly with each credit institution to thoroughly grasp the requirements for interest rate management in accordance with the general policy, limiting the risk of capital mobilization racing causing instability in interest rates.

Accordingly, the State Bank of Region 5 requires credit institutions in the area to synchronously deploy measures to stabilize interest rates, minimize operating costs, improve management efficiency and ensure system safety.

“We request that units update and fully publicize mobilization and lending interest rates on the website, clearly post them at the counter; continue to simplify loan procedures, promote digital transformation to shorten the time for processing documents; and at the same time strengthen the internal control system to prevent unhealthy competition, especially competition by mobilization interest rates,” Mr. Le Quang Huy emphasized.

Loan capital helps many businesses operating in the trade and service sector meet the demand for importing goods at the end of the year.

Not only focusing on administrative supervision, SBV Region 5 also closely monitors, analyzes and evaluates weekly interest rate developments, comparing them with domestic and regional market trends to promptly warn units when there are signs of adjustments exceeding the permitted margin.

The management agency also coordinates with local authorities and competent agencies to increase surprise inspections when necessary, ensuring that all instructions are strictly implemented. Up to now, there have been no recorded cases of violations or interest rates exceeding the ceiling; the interest rate level in the area remains stable, contributing to supporting businesses and people, while strengthening the safety of the banking system in the last months of the year.

Boosting year-end growth

According to the State Bank of Region 5, increased capital mobilization in November and December not only helps banks strengthen liquidity but also creates conditions to meet the economy's loan demand during peak periods.

This amount of capital is mainly used for the following purposes: Supplementing working capital of enterprises, meeting people's year-end consumption needs, supporting production expansion and restoring operations in localities recently affected by natural disasters and floods.

Mr. Pham Van Binh, Director of Ngoi Sao Hy Vong Company Limited (Pho Yen Ward), commented: The stable lending interest rate during the period of increasing capital demand is a "key factor" that helps businesses proactively rotate production. At the end of the year, there are many orders, we need to borrow more to import raw materials. The medium-term lending interest rate is at about 7.5%/year, unchanged from the previous quarter, so it is quite favorable for business plans.

Thanks to timely loans, people of Van Han commune focus on developing tea production - the local staple crop.

Many businesses in Phan Dinh Phung, Linh Son, Gia Sang wards, etc. also noted that the disbursement process has been shortened. Ms. Vu Thi Lan, owner of a food store in Gia Sang ward, said: The demand for imported goods at the end of the year is very high, the bank supports disbursement within 2-3 days, the interest rate remains unchanged compared to the beginning of the year. This helps businesses proactively source goods and cash flow.

Many businesses in the industrial, processing, manufacturing and trade services sectors expressed their hope that loans would continue to be disbursed quickly in December to promptly supplement resources to serve year-end market demand and prepare investment plans for next year.

Mr. Le Quang Huy commented: Thai Nguyen's monetary market remains stable. Mobilized capital has grown positively, system liquidity is guaranteed, creating an important foundation for businesses and people to continue to access capital easily. This is also a factor contributing to the province's economic growth in the fourth quarter and creating momentum for the new year.

In general, in the context of increasing capital demand, banks in the province still maintain caution, flexibility and responsibility in managing mobilization interest rates. The slight and controlled increase in interest rates shows that the credit institution system aims for long-term stability, in line with the orientation of the State Bank of Vietnam on maintaining reasonable lending interest rates and supporting economic recovery.

Commercial banks in the province apply a maximum short-term lending interest rate in VND for priority sectors of 4.0%/year.

The average lending interest rate for transactions is 6.92%/year, of which: The average short-term lending interest rate is 6.34%; the average medium- and long-term lending interest rate is 7.84%.

Source: https://baothainguyen.vn/kinh-te/202512/bao-dam-dong-von-cho-nen-kinh-te-51e5cf2/