People deposit nearly 7 million billion VND in savings in banks

According to the latest statistics from the State Bank of Vietnam, as of the end of August, people had deposited nearly 7 million billion VND into banks. The amount of money deposited in banks has increased continuously for the past two years.

People deposited nearly 7 million billion VND into bank savings accounts - Photo: TU TRUNG

According to data released by the State Bank of Vietnam today, November 12th, the amount of money... deposit savings Household income reached VND 6,924,889.15 billion, an increase of 6% compared to the end of 2023.

Compared to the end of July, the amount of savings deposited by the public increased by 86,475 billion VND. This is a significant increase. On average, 2,882 billion VND was deposited into banks each day in August.

As for businesses and economic organizations, the amount of savings deposited into the banking system by this group reached VND 6,838,341.69 billion by the end of August, a slight decrease compared to the end of 2023.

However, in the three months from June to August, deposits from businesses and economic organizations are showing a tendency to return. banking system.

As of the end of July, the amount of money that businesses and economic organizations deposited into banks was 69,586 billion VND.

In August, total deposits from both individuals and businesses/economic organizations reached a record high of over 13,763,230 billion VND in commercial banks.

Explaining why savings deposits continue to flow into banks, financial experts suggest that investors remain cautious about other investment channels such as stocks and real estate.

Especially the price of gold is volatile. That's too much. Since the beginning of the year, the international price of gold has increased by more than 50%. Investing in it is extremely risky. As for hoarding gold, people usually only buy it when the price is stable.

On the other hand, deposit interest rates have also edged up since April. Currently, the deposit interest rates listed by some private joint-stock commercial banks are commonly 5-5.8% per year for a 12-month term. For terms of 6-9 months, the listed interest rate is 4.5-4.8% per year.

Source: https://baoquangninh.vn/nguoi-dan-gui-tiet-kiem-gan-7-trieu-ti-dong-vao-ngan-hang-3329263.html