People have deposited over 7.8 million billion VND in banks.

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According to newly released data from the State Bank of Vietnam, by the end of September, total deposits from individual customers and economic organizations at credit institutions reached nearly 16.18 million billion VND, an increase of nearly 3% compared to the end of July (15.73 million billion VND).

Household deposits continued to reach new highs, exceeding 7.83 million billion VND, a 10.86% increase compared to the beginning of the year. Meanwhile, corporate deposits reached over 8.35 million billion VND, an 8.91% increase compared to the end of 2024.

The State Bank of Vietnam also reported that total means of payment reached nearly 20 million billion VND by the end of September, equivalent to an increase of 11.53% compared to the beginning of the year.

Savings interest rates remained stable until the end of September and only began to be adjusted upwards by many banks from October onwards due to credit pressure at the end of the year.

Since the beginning of November, most commercial banks have adjusted their interest rate schedules, except for the "Big 4" group: Vietnam Bank for Agriculture and Rural Development ( Agribank ), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank), and Vietnam Investment and Development Bank (BIDV).

For terms under 6 months, many banks have raised interest rates to the ceiling of 4.75%/year as regulated by the State Bank of Vietnam, such as Military Commercial Joint Stock Bank (MB), Techcombank , Nam A Commercial Joint Stock Bank (Nam A Bank), Vietnam International Commercial Joint Stock Bank (VIB)...

For medium and long-term deposits, interest rates of 6-7% per year have appeared at many banks without requiring large deposit amounts.

It is evident that joint-stock commercial banks have entered a clear "race" to increase interest rates for both short-term and long-term maturities. In addition to raising interest rates, numerous banks have also launched major promotional programs to attract deposits during the peak year-end period.

Experts recommend that depositors closely monitor market fluctuations to choose the appropriate term. Customers who need long-term deposits can take advantage of the current upward interest rate trend to "lock in" the high interest income.

Source: https://vtv.vn/nguoi-dan-gui-hon-78-trieu-ty-dong-tai-ngan-hang-100251130110626789.htm