Banks increase deposit interest rates to meet year-end capital needs

At this time, many commercial banks in Lam Dong have adjusted their interest rates to attract deposits. This is considered a move to meet the demand for medium and long-term capital, especially during the peak credit season at the end of the year.

Simultaneous increase in deposit interest rates

In the last months of the year, liquidity in the entire banking system is often higher. The race to mobilize capital among credit institutions has also become more exciting. In recent days, many commercial banks in Lam Dong have adjusted interest rates, especially in the joint stock banking sector.

In addition to increasing deposit interest rates, Bac A Bank Dak Nong is offering many incentive programs for customers making savings deposits.

For example, at Bac A Commercial Joint Stock Bank (Bac A Bank) Dak Nong, in October 2025 alone, the unit increased deposit interest rates twice. Currently, deposit interest rates at Bac A Bank Dak Nong range from 4.75%/year to 6.3%/year depending on the deposit term.

The leader of Bac A Bank Dak Nong shared that this year, the bank interest rate level is low. Meanwhile, the rival channels such as gold and securities have increased, leading to capital attraction. To ensure capital for the year-end crop season, banks are forced to adjust interest rates up, limiting the situation of customers withdrawing capital to invest in other channels. "Banks increase interest rates to attract capital, meeting year-end lending according to the crop cycle. After increasing interest rates, our October mobilization has increased by 5-6% compared to the previous period," the leader of Bac A Bank Dak Nong informed.

Some other joint stock banks in the area have also been applying high interest rates, but often come with conditions on minimum balances. Specifically, at Ho Chi Minh City Development Joint Stock Commercial Bank ( HDBank ) Dak Nong, the highest is 8.1%/year for a 13-month term, but requires a minimum balance of VND 500 billion. Vietnam Prosperity Joint Stock Commercial Bank (VPBank) Dak Nong is applying a rate of 6%/year for terms of 12 - 18 months and 24 - 36 months...

Not only joint stock banks, banks in the "Big 4" also simultaneously launched incentive programs and interest rate policies to attract deposits.

Most recently, the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) Dak Nong has launched a preferential program for customers who deposit savings. Individual customers who deposit money at the counter have the opportunity to receive gifts in cash or in kind worth 800,000 VND. The unit also doubles the accumulated points for customers who deposit savings online from 1 million VND, with a term of 6 months or more, equivalent to 20 points for each million VND deposited, double the previous normal rate.

Providing capital for businesses and people

By the end of October 2025, the total mobilized capital of the entire banking system in Lam Dong was VND224,000 billion, an increase of 14.35% compared to the beginning of the year. The fact that many banks simultaneously increased their mobilization interest rates reflects the increasing demand for medium and long-term capital. The credit disbursement cycle during the peak season at the end of the year and the recovery of purchasing power are also accelerating.

In fact, in the last months of the year, businesses focus on increasing production and business to achieve growth targets. This is a factor that promotes the increase in credit demand. At Hiep Son Trading and Service Company Limited, Xuan Truong Ward - Da Lat, there is a need for capital to expand its scale.

Director of Hiep Son Trading and Service Company Limited - Nguyen Truong Son shared: "The order we signed with our partner is until 2027. However, the current factory scale is not enough to pay for orders for customers. Therefore, the unit is in need of continuing to borrow capital from the bank to expand the factory, invest in production lines, and meet orders."

According to the State Bank of Vietnam, Branch X, by the end of October 2025, the total outstanding debt of the entire banking sector to the local economy reached VND 362,000 billion, an increase of 6.8% compared to the beginning of the year. To ensure the stability of the monetary market, the State Bank continues to require credit institutions to implement synchronously, with many incentive programs being implemented. The increased mobilized capital will create more room for the market's demand for production loans.

The State Bank continues to direct credit institutions to increase safe, effective and healthy credit. Lending must be transparent and feasible, avoiding the increase and occurrence of bad debts, ensuring the safe operation of credit institutions.

Source: https://baolamdong.vn/ngan-hang-tang-lai-suat-huy-dong-dap-ung-nhu-cau-von-cuoi-nam-399731.html