As of June 2025, customer deposits across 28 banks, including Agribank and 27 publicly traded banks, surpassed 141 quadrillion VND, marking an 8% increase since the beginning of the year. In contrast, total customer deposits within the broader financial system amounted to over 15 quadrillion VND.
Notably, during the second quarter of 2025, two banks, BIDV and Agribank, crossed the 2 quadrillion VND milestone in customer deposits for the first time. Deposits in these banks grew by 6.2% and 6.5%, respectively, in the first half of the year.
Within the private sector, Sacombank and VPBank led the pack, both surpassing 600,000 trillion VND in customer deposits in Q2 2025.
The Big 4 banks continued to dominate the market, capturing nearly half of the total deposit market share.
Most banks reported growth in capital mobilization during the first six months. Notably, several banks achieved growth rates above 10%, including Sacombank, SHB, LPBank, VIB, and MSB. Additionally, VPBank, NamABank, and ABBank stood out with impressive growth rates above 20%.
Agribank witnessed the most significant increase in deposit balance, with customer deposits surging by nearly 125 trillion VND in the first half of 2025, reaching over 2 quadrillion VND. BIDV also posted remarkable growth, adding over 121 trillion VND to cross the 2 quadrillion VND threshold.
VPBank, the third-largest depositor in the system, saw its customer deposits surge by 115 trillion VND, surpassing 600 trillion VND. Meanwhile, VietinBank and Vietcombank recorded increases of 113.8 trillion VND and 72 trillion VND, respectively.
For 2025, VPBank has set ambitious growth targets. The bank aims to increase customer deposits and capital market instruments by 34% while targeting a 25% growth in credit and a 23% expansion in total assets.
A Strong Currency Doesn’t Mean a Weak Economy
“At first glance, the exchange rate of over 25,000 VND to 1 USD might lead some to conclude that the Vietnamese dong is significantly weaker than the US dollar. However, a single exchange rate at a frozen moment in time reveals nothing about the inherent strength or weakness of a currency.”
The Greenback Retreats
“The US dollar weakened in the week of August 4–8, 2025, as markets reacted to President Donald Trump’s new tariff policies and disappointing jobs data that fueled expectations for an interest rate cut. “
The Big Money Maker: Unveiling the Secrets Behind this Enterprise’s Impressive Fiscal Contributions
This is a pivotal enterprise, serving as a linchpin in the national economy.
A Real Estate Firm with a 14x Land Bank Increase in Just 5 Years
The Real Estate Investment Joint Stock Company, Taseco (TAL), announced its consolidated revenue for the second quarter of 2025, which amounted to VND 557 billion, a 12% decrease compared to the same period last year. This revenue stream primarily comprises earnings from real estate ventures and, to a lesser extent, construction contracts.
The Vietnamese Dong’s Future: Navigating the Volatile USD Waters
The USD is showing signs of weakening but remains stubbornly above the 26,000 VND mark. However, experts suggest that the pressure on Vietnam’s exchange rate is easing, with predictions of a modest 3-4% depreciation for the Vietnamese Dong this year.
