“Despite the persistently low-interest-rate environment, idle cash flow from individuals and economic organizations continues to pour into the banking system.”
Source: SBV
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“According to data from the State Bank of Vietnam (SBV), as of May 2025, the total means of payment reached VND 189.7 million billion, up 5.91% compared to the end of 2024.”
“Total deposits of residents in credit institutions reached VND 76 million billion, up 7.61% from the previous year. In May alone, individuals deposited more than VND 65,400 billion into the banking system.”
“Deposits from economic organizations also recorded growth, with a balance of over VND 7.7 million billion at the end of May, up 0.97% from the previous year. Compared to the end of April, deposits from this group increased by more than VND 116,000 billion.”
“In total, the inflow of money from these two groups of individuals and organizations into the banking system amounted to more than VND 181,400 billion in May, bringing the total deposits in banks to over VND 153.4 million billion at the end of May.”
“Notably, the upward trend in deposits continued even as deposit interest rates remained on a downward trajectory or saw only slight increases at a few banks.”
– 09:41 30/07/2025
The Power of Idle Money: Unlocking the Potential of Dormant Funds
Data from the State Bank of Vietnam (SBV) revealed that, as of the end of September 2024, the total means of payment in the economy reached over VND 16,900 trillion, a significant 5.91% increase compared to the end of 2023.
The Rising Interest Rates on Deposits: A Year-End Phenomenon
In early December, commercial banks continued to raise deposit interest rates to meet the surge in capital demand during the year-end period.
The Power of Compounding: Unlocking Higher Returns with Savings Accounts
Saving interest rates at the 4 major banks averaging 5% per year is reasonable, as savings deposits are not a high-profit investment channel.
The Latest HDBank Interest Rates for December 2024: Increased for 6 and 12-Month Terms, with the Highest Rate Offered on 18-Month Term Deposits
“In early December, HDBank offered an attractive interest rate range of 0.5% – 8.1% p.a. for personal depositors. The maximum interest rate for regular savings accounts stood at an impressive 6.1% per annum, outshining many other financial institutions in the market.”
The Central Bank’s New Directive to Commercial Banks: Stabilize Deposit Rates, Lower Lending Rates
The State Bank (SBV) has requested that credit institutions maintain a stable and reasonable deposit interest rate, one that aligns with their capital balancing capabilities, healthy credit expansion, and risk management competencies. This move aims to contribute to the stability of the monetary market and interest rate environment.
