Domestic banks seek cheap foreign capital for the economy

In addition to promoting deposit attraction to ensure sufficient capital supply for the economy, some banks also seek capital from international financial institutions.

According to the State Bank, by the end of the first quarter of 2025, total customer deposits at 27 surveyed banks reached VND 11,407,434 billion, an increase of more than VND 272,000 billion compared to the beginning of the year, equivalent to an increase of 2.4%. Compared to the same period in 2024, this figure increased sharply by 15.3%. This shows that although deposit interest rates have decreased, banks are still focusing on attracting idle money from the people to ensure liquidity.

In addition to promoting deposit attraction to ensure sufficient capital supply for the economy, some banks are also seeking capital from international financial institutions. For example, Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has just announced the successful implementation of an international syndicated loan deal with an initial value of 1 billion USD, with the option to expand the loan value depending on VPBank's capital needs.

Accordingly, the syndicated loan was arranged, underwritten, book-built and co-lent by large and reputable financial institutions in the international market including Sumitomo Mitsui Banking Corporation (SMBC), Standard Chartered Bank, MUFG, ANZ, Cathay, Commerzbank AG, CTBC Bank and Mashreq Bank, State Bank of India.

By the end of the first quarter of 2025, total customer deposits at 27 banks reached VND 11,407,434 billion. Photo: Duy Minh

This transaction is not only the largest ever foreign syndicated loan in terms of scale, but also the largest international loan supporting the goal of promoting “sustainable finance” that a Vietnamese bank has ever deployed. It is known that from 2020 to now, the total value of VPBank’s sustainable loan mobilization has reached nearly 2.8 billion USD. These mobilized funds have been effectively used to support the sustainable development of businesses, especially women-owned businesses, green projects and socially responsible financial activities.

According to VPBank representative, this sustainable loan not only achieved a record value, but also demonstrated the bank's strong commitment to accompanying Vietnamese businesses and economy on the journey of sustainable development.

Currently, credit for the economy in general is still on a good growth trend, commercial banks continue to focus on mobilized capital to have reasonable lending interest rates for businesses. In the report on the socio-economic development situation in the first months of 2025 presented by the Prime Minister at the opening session of the 9th session of the 15th National Assembly this morning, it shows that: As of April 10, 2025, the average lending interest rate of commercial banks was at 6.34%/year, down 0.6 percentage points compared to the end of 2024. As of April 23, outstanding credit of the whole system reached 16.23 million billion VND, up 18.44% over the same period in 2024. The preferential credit program for forestry and fishery products has disbursed 60 trillion VND, and is expanding its scale to 100 trillion VND.

Thuy Linh

Source: https://congthuong.vn/ngan-hang-noi-tim-von-ngoai-gia-re-cho-nen-kinh-te-386141.html