Vietnam household bank deposits top $390bn as business deposits decline

Household deposits rose 0.45 percent from the end of 2025, while deposits from businesses and economic organizations fell 1.62 percent to just over VND6 quadrillion ($227.64 billion), the central bank said.

Outstanding credit in the economy had reached about VND19.4 quadrillion ($736.05 billion) by mid-May, up 18.3 percent from a year earlier, while total capital mobilization rose nearly 14.9 percent to around VND18 quadrillion ($682.93 billion).

The gap between credit growth and deposit growth has widened, raising potential pressure on banking system liquidity if lending continues to outpace capital mobilization.

Deposit interest rates have eased after the central bank asked lenders to lower rates in early April.

At VPBank, the online deposit rate for six-month terms on deposits of VND100 million ($3,794) was 6.2 percent annually, while Sacombank offered a top rate of 7.1 percent for 24- and 36-month online deposits paid at maturity.

State-owned lenders maintained lower rates. Agribank offered up to six percent annually for 24-month deposits, while rates for six- to 11-month terms were four percent.

Vietcombank offered 3.5 percent annually for six-month online deposits and a maximum of six percent for a 24-month tenor.

The SBV said it had implemented liquidity support measures through open market operations and other policy tools, including providing longer-term funding of up to two months and conducting foreign exchange swap operations to inject additional liquidity into the banking system.

“Average interest rates on newly issued deposits fell to about 5.7 percent annually, down roughly 0.26 percentage points from the end of March, while lending rates also began to edge lower,” a representative from the central bank’s monetary policy department said.

The central bank recently instructed regional branches to closely monitor deposit and lending rates at commercial banks and said lenders offering unusually high deposit rates compared with the market average could face inspections.

It said maintaining low interest rates was aimed at helping households and businesses access capital at reasonable costs and supporting the government’s double-digit economic growth target.