Stabilize interest rates to promote production and business at the end of the year

From a market perspective, considering the relationship between supply and demand for capital, when credit demand increases, the demand for mobilized capital will increase, thereby directly affecting interest rates as well as the process of capital exploitation and use of commercial banks (CBs). However, in 2025, the monetary policy goal is to support and promote economic growth, along with the fact that mobilized capital at credit institutions continues to grow, interest rates are expected to remain stable to create conditions for production, business, trade and service development. In particular, this stability is more meaningful at the end of the year and on the occasion of Lunar New Year.

In the current context, maintaining interest rate stability is reinforced based on three main factors.

Firstly, the macro economy continues to be stable, inflation is controlled (CPI index increased by 3.27% over the same period in the first 10 months of the year; core inflation increased by 3.2%), exchange rate and interest rate factors continue to develop according to the direction of the State Bank and ensure a favorable business environment to support enterprises and promote economic growth.

Second, the essential factor and the favorable conditions for credit institutions to reduce costs and stabilize interest rates (both mobilization and lending) are the increasingly high quality of capital mobilization and payment services. In which, the structure of mobilized capital sources changes in the direction of increasing the proportion of payment deposits. In Ho Chi Minh City and Dong Nai province, payment deposits in the first 10 months increased by over 9% (higher than the general growth rate of mobilized capital sources in the area).

This development not only reflects the development of non-cash payment activities, but also brings efficiency in the process of capital exploitation and use of commercial banks, creating conditions for credit institutions to maintain stable lending interest rates, thanks to controlling deposit interest costs, reducing input costs to reduce sustainable lending interest rates.

Thứ ba,hoạt động ngân hàng tiếp tục ổn định, tăng trưởng và đảm bảo đáp ứng tốt nhất nhu cầu vốn cho doanh nghiệp và nền kinh tế theo định hướng đề ra. Riêng tại trên địa bàn TP. Hồ Chí Minh và tỉnh Đồng nai , tổng huy động vốn của các TCTD, đến cuối tháng 10/2025 đạt 5.485,3 nghìn tỷ, tăng 8,9% so với cuối năm; cơ cấu nguồn vốn hợp lý và duy trì tốc độ tăng trưởng trong những tháng gần đây (tháng 8/2025 tăng 0,76%; tháng 9/2025 tăng 1,4% và tháng 10/2025 tăng 0,26%) đảm bảo đáp ứng tốt nhất nhu cầu vốn cho doanh nghiệp mở rộng và tăng trưởng sản xuất kinh doanh dịp cuối năm.

Quality banking services, good capital management, contribute significantly to attracting deposits from economic organizations and residents with the best cost and stable interest rates. However, capital absorption from the economy, along with economic growth factors and business performance will continue to be important factors and positively impact the efficiency of capital use and credit growth expansion of credit institutions, as well as promote the role and effectiveness of the State Bank's monetary and credit policy, especially the interest rate policy: ensuring both macroeconomic stability and economic growth promotion.

Source: https://thoibaonganhang.vn/on-dinh-mat-bang-lai-suat-de-thuc-day-san-xuat-kinh-doanh-cuoi-nam-174227.html