According to data recently released by the State Bank of Vietnam (SBV), by the end of March 2025, total deposits of residential customers and economic organizations at the credit institution system reached nearly 15 million billion VND, an increase of 1.83% over the previous month.

Of which, residential deposits continued to increase strongly, reaching 7.46 million billion VND, up 5.73% compared to the beginning of the year, reaching a new record.

In March 2025, residential customers deposited more than VND 103,800 billion into the banking system, while deposits from economic organizations reached about VND 7,520 trillion, down 1.92% compared to the end of 2024 but up more than VND 158,000 billion compared to February.

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Deposits from individual customers hit a new record. Photo: Nam Khanh.

According to the State Bank of Vietnam, total means of payment as of the end of March 2025 reached more than 18.45 million billion VND, an increase of nearly 3% over the beginning of the year.

Also according to the State Bank, by the end of May 2025, credit in the whole economy increased by 6.52%, significantly higher than the 2.41% in the same period in 2024.

At the same time, interest rates continued to be maintained at a low level. As of June 9, interest rates for 1-3 month term savings deposits ranged from 1.6-4.2%/year, 6-9 month term deposits ranged from 2.9-5.45%/year and 12 month term deposits were commonly at 3.7-5.6%/year.

Regarding lending interest rates, as of April 10, the average lending interest rate for new transactions of banks was 6.34%/year, down 0.6%/year compared to the end of 2024.

From the end of February 2025, banks will simultaneously lower deposit interest rates, creating a basis for lowering lending interest rates, supporting businesses to restore production and business.

In addition, the banking sector also implemented preferential credit packages for 5 priority industry groups with lending interest rates of no more than 4%/year, helping a series of small and medium enterprises, export enterprises, high-tech enterprises... to access preferential capital sources.

Policy credit programs such as social housing loans, disbursement of forestry and fishery credit packages, housing credit packages for people under 35 years old... create conditions to promote production and business development, and real estate recovery.

Source: https://vietnamnet.vn/nguoi-dan-gui-gan-7-5-trieu-ty-vao-ngan-hang-2412264.html