Where is the State Treasury depositing more than 379,000 billion VND?

According to the financial report of the first quarter of 2025, the deposit balance of the State Treasury (KBNN) by the end of March at 3 state-owned banks, Vietcombank, VietinBank and BIDV, was VND 379,053 billion, an increase of 1.03 times compared to the fourth quarter of 2024 and more than 4 times compared to the same period in 2024. By always receiving a large amount of deposits from the KBNN, this has helped the 3 banks gain a clear advantage in capital mobilization compared to other banks.

Of which, BIDV received VND 130,686 billion from the State Treasury, down 10% compared to the end of 2024. However, compared to the end of the first quarter of 2024, the State Treasury's deposit balance here increased by 2.87 times. Of which, VND 126,200 billion is term deposit and more than VND 4,486 billion is non-term deposit.

Next is VietinBank, which received VND 127,049 billion in payment deposits from the State Treasury, down 12.2% compared to the end of 2024. But this balance increased by VND 81,602 billion compared to the first quarter of 2024.

Finally, Vietcombank received VND 121,318 billion from the State Treasury, of which VND 118,700 billion was term deposits and nearly VND 2,618 billion was non-term deposits. The State Treasury's deposit balance at Vietcombank increased 1.56 times compared to the end of 2024 and more than 36.5 times higher than the same period in 2024.

Previously, a large amount of the State Treasury's deposits at banks were always in the form of non-term deposits with a regular balance maintained at hundreds of thousands of billions of VND. However, since the end of 2019, the State Treasury's non-term deposits have been transferred to the State Bank's Transaction Center instead of being left overnight at commercial banks. Banks will have to bid publicly to receive the State Treasury's term deposits.

Thus, with strict regulations and conditions on who can participate in bidding, since the new regulations were implemented, almost only the Big 4 group has access to this huge source of money. With a market share of over 50% of mobilization and lending in the system, the large source of money from the State Treasury helps the Big 4 group not to be under too much pressure to mobilize from customers when the group's interest rates are always the lowest in the market./.

Source: https://baodaknong.vn/hon-379-000-ty-dong-dang-duoc-kho-bac-nha-nuoc-gui-o-dau-252104.html