HCMC – The State Bank of Vietnam said that by the end of June, total deposits at credit institutions had amounted to nearly VND15,800 trillion, up 4.5% from the previous month.
Of the total, deposits by individuals exceeded VND7,690 trillion, up 8.91% compared to the beginning of the year, with an additional VND91.5 trillion added in June alone, according to the Vietnam News Agency.
Corporate deposits amounted to over VND8,100 trillion, an increase of 5.7% compared to the end of 2024 and up more than VND362.8 trillion in June.
Total means of payment at the end of June reached more than VND19,580 trillion, up 9.32% compared to the start of the year.
Regarding interest rates, domestic commercial banks currently apply 0.1-0.2% per year for demand deposits and deposits under one month; 3.2-4.0% for terms of 1-6 months; 4.5-5.5% for 6-12 months; 4.8-6.1% for 12-24 months; and 6.8-7.1% for terms longer than 24 months.
Although individual deposits have grown strongly, capital mobilization has not kept pace with credit growth. As of August 29, total outstanding loans in the economy had reached VND17,460 trillion, up 11.82% against the end of 2024, putting pressure on funding balance.
To improve the situation, many banks are ramping up bond issuance to supplement long-term capital, narrow maturity gaps, and meet capital adequacy ratio (CAR) requirements under regulations and international standards.
