Vietnam household bank deposits top $400bn, outpace corporate funds

Household deposits increased by about VND200 trillion ($7.6 billion) in the first quarter and by more than VND3 quadrillion ($114 billion) over the past year, underscoring the continued appeal of bank savings despite fluctuations in other investment markets.

In contrast, deposits held by economic organizations declined 2.69 percent from the end of 2025 to slightly above VND6 quadrillion at the end of March. 

Corporate deposits have fallen by more than VND1.6 quadrillion ($60.8 billion) over the past year from VND7.6 quadrillion ($288.8 billion).

The gap between household and corporate deposits widened to more than VND4.5 quadrillion ($170.6 billion) in just one year.

Market deposit rates currently range from about 5.5 percent to 6.2 percent annually depending on maturity and lender. 

State-owned lenders including Vietcombank, BIDV, and VietinBank offer 3.5 percent for six- and nine-month deposits, 5.9 percent for 12-month deposits, and up to six percent for terms of 24 months or longer.

Some joint-stock banks offer rates of 5.5 percent to six percent for deposits of six to 12 months and as much as 6.2 percent for longer maturities. 

VPBank currently offers six percent for six-month online deposits and 6.2 percent for 12-month deposits, lower than levels seen in early April.

The central bank said deposit rates have continued to decline, helping lenders reduce borrowing costs and improve access to credit for businesses and households.

Outstanding credit in the economy reached about VND19.7 quadrillion ($748.6 billion) as of May 29, up 5.71 percent from the end of 2025, equivalent to an increase of roughly VND1.1 quadrillion ($41.8 billion), the State Bank of Vietnam said.