According to the latest data released by the State Bank of Vietnam, as of September 2025, total deposits from both individual and corporate customers, as well as credit institutions, reached nearly 16.18 quadrillion VND, marking a 3% increase compared to the figures reported in late July (15.73 quadrillion VND).
Among these, deposits from individuals hit a new record high of over 7.83 quadrillion VND, reflecting a 10.86% growth since the beginning of the year. Corporate deposits also surged to more than 8.35 quadrillion VND, up 8.91% from the end of 2024.
This robust growth has propelled corporate deposits to surpass individual deposits by 518 trillion VND after the first nine months of 2025.
Additionally, the State Bank reported that the total means of payment as of September’s end reached nearly 20 quadrillion VND, a 11.53% increase year-to-date.
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Despite deposit interest rates remaining low, funds from both businesses and individuals continue to flow into banks.
The State Bank noted that average interest rates in September ranged from 0.1% to 0.2% per annum for non-term and under one-month deposits; 3.4% to 4.1% per annum for one to under six-month terms; 4.6% to 5.5% per annum for six to twelve-month terms; 4.9% to 6.1% per annum for twelve to twenty-four-month terms; and 6.7% to 7.5% per annum for deposits over twenty-four months.
Since the start of November, 22 banks have raised their savings interest rates, with some increasing rates for the second time this month.
Notably, several banks have pushed deposit rates for terms under six months to the regulatory cap of 4.75%. For longer terms, some banks have raised rates to 6.7-6.8% per annum.
For instance, on November 28, VPBank announced new savings interest rates, increasing rates by 0.25% per annum for three to five-month deposits. This adjustment brought the bank’s deposit rates for these terms to the maximum limit of 4.75% per annum, as stipulated for deposits under six months.
Record-Breaking Deposits: Vietnamese Citizens Flood Banks with Unprecedented Cash Inflows
Record-breaking deposits flood banks as interest rates soar, igniting a fierce battle for savings at year-end.
Why Banks Are Universally Raising Savings Interest Rates
Rising interest rates on deposits stem from various factors, notably the allure of competing investment avenues.
VPBank Pushes Savings Interest Rates to the Maximum Limit
VPBank has raised its deposit interest rates for the second time in less than a week.
Over 1.7 Million Customers Receive Payment Risk Alerts
The State Bank has implemented a range of digital solutions to enhance system security, manage customer data effectively, and combat high-tech crime.
Interest Rates Remain Stable to Bolster Year-End Business and Production Growth
With a stable macroeconomic environment, controlled inflation, and robust capital mobilization, financial institutions are poised to optimize costs and maintain competitive lending rates. This strategic approach empowers businesses by fostering growth in production, trade, and services, particularly during the critical year-end period.
