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According to data just released by the State Bank of Vietnam (SBV), by the end of May, deposits from both individual customers and economic organizations of credit institutions (CIs) reached more than 15.34 quadrillion VND, an increase of nearly 1% compared to the previous month.
Notably, after declining in the first two months of the year, institutional deposits have increased for three consecutive months, although the increase is still very slight. By the end of May 2025, corporate deposits reached more than VND 7.7 million billion, up 0.97% compared to the end of 2024.
Residential deposits continued to increase sharply (up 7.61% compared to the beginning of the year), reaching more than VND 7.6 million billion by the end of May 2025. In May alone, residential deposits increased by about VND 65,427 billion.
At the end of May 2025, credit increased by 6.72%, reaching 16.6 million billion VND, while capital mobilization from individuals and organizations increased by more than 4.1%, reaching 15.3 million billion VND. Thus, capital mobilization is still "short" by more than 1.3 million billion VND compared to credit.
According to the State Bank of Vietnam, by the end of June 2025, credit had increased by 9.9%. The State Bank of Vietnam has not yet announced capital mobilization data at this time.
Since the beginning of July 2025, a number of banks have adjusted their deposit interest rates upward. However, according to the State Bank of Vietnam, the general interest rate level has increased steadily since the beginning of the year. Some commercial banks have even reduced deposit interest rates for some terms (BacA Bank, VIB , BaoViet Bank, NCB...).
According to statistics from the State Bank of Vietnam, the new average lending interest rate is at 6.23%/year, down 0.7%/year compared to the end of 2024, thereby contributing to supporting businesses and individuals to develop production and business.
Speaking at the Government's online conference with localities a few days ago, SBV Governor Nguyen Thi Hong said that recently, the SBV has flexibly managed open market operations, in line with supply and demand developments in the currency market.
The State Bank of Vietnam maintains daily buying sessions of valuable papers with appropriate volumes, meeting the capital needs of credit institutions; at the same time, diversifying and extending the buying terms, contributing to supporting medium and long-term capital sources for the banking system, thereby supporting economic growth and maintaining macroeconomic stability.
In addition, the State Bank continues to maintain operating interest rates at a low level to reduce lending interest rates, creating favorable conditions for businesses and people to access capital.
The State Bank also directed credit institutions to reduce operating costs, promote the application of information technology, digital transformation and implement other solutions in an effort to reduce lending interest rates. Thanks to the synchronous implementation of solutions, lending interest rates continued to decrease.
In the coming time, the SBV leaders said they will continue to closely monitor developments in the international and domestic economic situation to proactively, flexibly and effectively manage monetary policy; manage interest rates and exchange rates in accordance with macroeconomic balance, inflation developments and monetary policy targets.
The State Bank will also direct credit institutions to continue to cut costs, stabilize deposit interest rates, and strive to further reduce lending interest rates to create room to support production and business.
Along with that, the State Bank will continue to implement credit management solutions in accordance with the macroeconomic situation, inflation developments and the economy's capital absorption capacity, contributing to promoting economic growth in 2025.
Source: https://baodautu.vn/tien-gui-tiep-tuc-chay-vao-ngan-hang-huy-dong-van-hut-hon-1-trieu-ty-dong-so-voi-tin-dung-d339410.html
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