Ensuring capital flow for the economy.

In the final months of the year, as production and business activities in Thai Nguyen province enter their peak period, the demand for capital from businesses and individuals increases sharply, leading to adjustments in deposit interest rates by some commercial banks. Market observations show that the adjustments are not large but are enough to create a noticeable shift in the capital structure of credit institutions. Raising interest rates at a controlled level is considered a necessary solution for banks to proactively balance liquidity and ensure stable capital sources to meet the increased borrowing demand at the end of the year.

Many businesses are eager to receive loan disbursements as soon as possible, in order to promptly supplement resources to meet year-end production needs and prepare investment plans for the coming year.

A slight increase in deposit interest rates helps attract capital flows.

According to the State Bank of Vietnam (SBV) Region 5, the prevailing deposit interest rates are currently 0.1-0.5% per year for demand deposits and deposits with maturities of less than one month; 1.5-4.0% per year for maturities from one to less than six months; 2.7-4.9% per year for maturities from six to less than twelve months; and 3.7-5.85% per year for deposits of twelve months or more. Some joint-stock commercial banks offer higher rates for each maturity period for traditional customers, customers with large balances, or those choosing longer maturities.

Regulators assess that the adjustments made by the banks remain within the overall safety range of the system, not creating unusual fluctuations or signs of unhealthy competition.

Speaking with us, Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, said: "The current deposit interest rate trends reflect market demand and the supply-demand dynamics of capital at the end of the year. A slight increase in deposit interest rates helps attract idle capital from individuals and economic organizations, thereby creating conditions for banks to consolidate capital for year-end disbursements. The current interest rate level remains stable and does not put pressure on lending rates."

Regarding the issue of the State Bank of Vietnam continuing to maintain the same policy interest rates since the beginning of the year to facilitate credit institutions' access to low-cost capital, support lower lending rates, and maintain monetary market stability, especially in the context of a volatile and unpredictable global economy.

Surveys conducted at several commercial banks in the province show that demand for savings deposits tended to increase in November and early December. Many customers preferred terms of 6 to 12 months due to higher interest rates, while shorter terms saw slight increases or remained unchanged compared to the previous month.

The number of customers transacting at Bac A Commercial Joint Stock Bank - Thai Nguyen Branch has shown a slight upward trend since mid-November 2025.

At Bac A Commercial Bank - Thai Nguyen Branch, the number of customers conducting transactions increased by approximately 10% compared to October, mainly consisting of long-term savings depositors. Ms. Nguyen Thu Ha, a teller, stated: "From November 15th, the branch slightly increased interest rates for some terms of 6, 13, 18, and 24 months. This increase is primarily aimed at attracting long-term capital, helping the bank maintain stable resources for medium and long-term lending during a period of high demand."

Speaking with several customers at the counter, Ms. Nguyen Thi Thanh, from Phan Dinh Phung ward, said: "My family just deposited 200 million VND for a 12-month term. Due to a slight increase in interest rates, I decided to deposit for a longer term instead of the previous 3 months. The interest rate difference isn't significant, but it gives me peace of mind knowing the bank operates stably and transparently, especially during a period when many investment channels are volatile."

Meanwhile, at the Military Commercial Joint Stock Bank (MB) Thai Nguyen Branch, Ms. Tran Thuy Nguyen, Supervisor, stated: "We increased interest rates by 0.1 to 0.2 percentage points for some maturities, focusing on the 6-12 month group. The adjustment is small but makes deposits more attractive. Simultaneously, MB continues to implement cost-saving measures through digital transformation and process improvements, thereby reducing pressure on funding costs and maintaining reasonable lending interest rates."

At Techcombank Thai Nguyen, Mr. Long Minh Tu, Branch Director, stated: Alongside adjusting deposit interest rates to align with the general market rate, Techcombank places special emphasis on strengthening communication and information transparency, making it easier for people to access and fully understand the new programs and interest rates. Currently, Techcombank's over-the-counter savings interest rates range from 3.5% to 4.8% per year, with the highest rate of 4.8% per year applied to deposits of 12 months or more.

Following the floods, many households in Dong Hy commune borrowed capital to develop livestock farming and restock poultry flocks to serve the Tet holiday.

Closely monitor and stabilize the monetary market.

Along with the slight increase in deposit interest rates at some commercial banks, the State Bank of Vietnam Region 5 affirmed that the regulatory and supervisory role of the management agency is a key factor in ensuring the stable, transparent, and properly oriented operation of the monetary market.

Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, said: "In the past period, the unit has issued many directives and organized working groups to directly meet with each credit institution to ensure that interest rate management is in line with the general policy, limiting the risk of a capital mobilization race that could destabilize interest rate levels."

Accordingly, the State Bank of Vietnam Region 5 requires credit institutions in the area to implement a comprehensive set of measures to stabilize interest rates, minimize operating costs, improve governance efficiency, and ensure system safety.

"We propose that units update and fully publicize deposit and lending interest rates on their websites and clearly display them at the counter; continue to simplify loan procedures, promote the application of digital transformation to shorten processing time; and strengthen the internal control system to prevent unhealthy competition, especially competition through deposit interest rates," Mr. Le Quang Huy emphasized.

Loan capital helps many businesses operating in the trade and service sectors meet their import needs during the year-end season.

In addition to focusing on administrative supervision, the State Bank of Vietnam Region 5 also closely monitors, analyzes, and evaluates interest rate developments weekly, comparing them with domestic and regional market trends to promptly warn units when signs of adjustments exceeding the permitted range appear.

The regulatory agency also coordinated with local authorities and relevant agencies to strengthen unannounced inspections when necessary, ensuring that all directives are strictly implemented. To date, no violations or instances of exceeding the interest rate ceiling have been recorded; interest rates in the area remain stable, contributing to supporting businesses and individuals, while strengthening the safety of the banking system in the final months of the year.

Boosting year-end growth

According to the State Bank of Vietnam Region 5, the increase in mobilized capital in November and December not only helped banks strengthen liquidity but also facilitated meeting the borrowing needs of the economy during the peak period.

This capital is primarily used for the following purposes: supplementing the working capital of businesses, meeting the year-end consumer demand of the people, supporting the expansion of production and the recovery of activities in localities recently affected by natural disasters and floods.

Mr. Pham Van Binh, Director of Hope Star Co., Ltd. (Pho Yen Ward), assessed: The stable lending interest rate during a period of increased capital demand is a "key factor" that helps businesses proactively manage production turnover. With many orders at the end of the year, we need to borrow more to import raw materials. The medium-term lending interest rate is around 7.5% per year, unchanged from the previous quarter, which is quite favorable for our business plan.

Thanks to timely access to loans, the people of Van Han commune have focused on developing tea production – the main crop of the locality.

Many businesses in Phan Dinh Phung, Linh Son, and Gia Sang wards 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 goods at the end of the year is very high, and the bank supports disbursement within 2-3 days, with interest rates unchanged compared to the beginning of the year. This helps businesses proactively manage their inventory and cash flow."

Many businesses in the industrial, processing, manufacturing, and commercial service sectors have expressed their expectation that loan capital will continue to be disbursed quickly in December to promptly supplement resources to meet year-end market demands and prepare investment plans for the coming year.

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

Overall, in the context of increasing capital demand, banks in the province have maintained prudence, flexibility, and responsibility in managing deposit 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 State Bank of Vietnam's direction of maintaining reasonable lending interest rates and supporting economic recovery.

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

The average lending interest rate for transactions is 6.92% per 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/