According to data from the State Bank of Vietnam, by the end of July 2025, the total means of payment of the economy will reach more than 19.48 million billion VND, an increase of 8.75% compared to the end of 2024.
Notably, deposits from residents at credit institutions increased the most in 5 years, reaching more than 7,748 trillion VND, equivalent to an increase of 9.68% compared to the beginning of the year. Meanwhile, deposits from economic organizations reached more than 7,976 trillion VND, an increase of 4.04%.
By the end of July 2025, the total amount of savings deposits in the banking system will reach more than 15.72 million billion VND.
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Since the beginning of October, 5 banks have officially increased their deposit interest rates, including Standard Chartered, GPBank, Bac A Bank , NCB, VCBNeo and HDBank. At the same time, a series of banks have recently increased deposit interest rates for customers, such as: Vietcombank, MB, Woori Bank, Vikki Bank, SeABank.
According to MB Securities Company (MBS), from now until the end of the year, mobilization interest rates may be under increasing pressure due to high credit growth, especially after the State Bank of Vietnam (SBV) announced to further loosen the credit growth limit for credit institutions to meet the capital needs of the economy.
According to data from the State Bank of Vietnam, as of September 29, outstanding credit balance of the entire system had increased by 13.37% compared to the end of 2024, and is estimated to increase by 20.19% in 2025 - the highest level in many years.
However, the State Bank still requires credit institutions to synchronously implement solutions to stabilize interest rates, strive to reduce deposit interest rates, thereby contributing to stabilizing the monetary market and creating room to reduce lending interest rates to support economic growth.
MB Securities believes that along with the expectation of the Fed cutting interest rates by another 50 basis points in the fourth quarter of 2025, thereby bringing the total cut this year to 75 basis points, it will create conditions for the State Bank to maintain a low interest rate environment.
" Based on the above factors, we forecast that the 12-month term deposit interest rate of commercial banks will remain stable at 4.8% by the end of 2025 ," MBS Securities analyzed.
Source: https://vtcnews.vn/tien-gui-dan-cu-vao-ngan-hang-tang-cao-nhat-5-nam-dat-hon-7-748-trieu-ty-dong-ar971963.html
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