Lao Cai: Banks and people's credit funds proactively mobilize capital

Since the beginning of 2025, the monetary market in Lao Cai province has continued to maintain stability. Credit institutions, including bank branches and people's credit funds, have always ensured liquidity, fully and promptly met the credit capital needs for production and business of all economic sectors. At the same time, these units also effectively met the preferential loan needs of poor and near-poor households and policy beneficiaries.

Agribank staff at Van Yen Bac Yen Bai Branch guide customers to make transactions.

By the end of November 2025, the capital mobilized locally is estimated at VND 97,000 billion, an increase of 12.2% compared to December 31, 2024, accounting for 76.8% of the total capital. Banks and people's credit funds in the area have proactively mobilized capital, limiting dependence on sources from the head office. The total outstanding loan balance by the end of November 2025 is estimated at VND 126,500 billion, an increase of 11.7% compared to the end of 2024, effectively meeting the capital needs of people and businesses in the area.

Regarding interest rates, in November, the State Bank directed to stabilize deposit interest rates and reduce lending interest rates. At commercial banks in the area, deposit interest rates and lending interest rates were relatively stable. In November 2025, the average VND deposit interest rate was generally at 0.1 - 0.5%/year for demand deposits and deposits with terms of less than 1 month; 2.1 - 4.2%/year for deposits with terms from 1 to less than 6 months; 3.5 - 5.7%/year for deposits with terms from 6 months to less than 12 months; 4.7 - 6.3%/year for deposits with terms of 12 months or more.

The average lending interest rate is 6.5 - 8.9%/year. The maximum short-term lending interest rate in VND for a number of priority sectors (agriculture, rural areas, export, small and medium enterprises, supporting industries, high-tech enterprises) is about 4%/year on average according to regulations... The ratio of bad debt on the balance sheet to total outstanding debt remains at a safe level, below 1%.

Source: https://baolaocai.vn/lao-cai-cac-ngan-hang-quy-tin-dung-nhan-dan-chu-dong-huy-dong-von-post888225.html