"Mobilizing 9 dong, lending 10 dong" is putting pressure on banks.

NDO - The State Bank of Vietnam has just released data on customer deposits at credit institutions as of the end of December 2024. This data shows that the pressure from the gap between deposit mobilization and lending is increasing.

According to the State Bank of Vietnam, as of the end of December 2024, household deposits totaled 7,065 trillion VND. This means that in December, banks mobilized an additional 65,000 billion VND. Institutional deposits reached 7.66 trillion VND, an increase of nearly 400,000 billion VND in December 2024.

Thus, the total capital mobilized from individuals and economic organizations by the end of December 2024 reached 14,732 trillion VND (in December alone, banks mobilized an additional 463,000 billion VND).

Although deposit mobilization continued to reach new records, by the end of 2024, capital mobilization was still nearly 1 trillion VND lower than credit (15.7 trillion VND).

By the first quarter of 2025, according to data from the General Statistics Office ( Ministry of Finance ), as of March 25th, capital mobilization by credit institutions increased by 1.36%, and credit in the entire economy increased by 2.49%. Therefore, as of March 25th, the difference between deposits and loans in the banking system had reached 1.1 trillion VND.

Slower deposit growth than lending creates significant pressure on banks to maintain liquidity and meet the credit needs of the economy, aiming for a growth target of over 8% in 2025.

With Vietnam's GDP at around 12 trillion VND and outstanding credit at nearly 16 trillion VND (accounting for about 135% of GDP), the banking system is facing significant challenges.

Previously, Deputy Governor of the State Bank of Vietnam , Dao Minh Tu, stated that the banking sector is currently lending more to the economy than it is mobilizing deposits. That is, for every 9 dong mobilized, the banking sector lends 10 dong, and the remaining shortfall must be covered by both its own capital and refinancing from the State Bank.

Nevertheless, a representative from the State Bank of Vietnam stated that the State Bank will utilize various tools to support liquidity for banks, facilitating the provision of credit to support growth.

Source: https://nhandan.vn/huy-dong-9-dong-cho-vay-10-dong-dang-tao-ap-luc-cho-cac-ngan-hang-post871417.html