Vietnamese households' bank deposits surpass $421bn
Household deposits at credit institutions reached VND11.07 quadrillion (US$424.57 billion) at the end of June, up 7.1 percent from the end of 2025, according to the State Bank of Vietnam (SBV).

Household bank deposits have surpassed VND11 quadrillion for the first time. Photo: Le Thanh / Tuoi Tre
Household deposits increased by around VND242 trillion ($9.2 billion) in June alone and by about VND733 trillion ($27.9 billion) in the first six months of the year.
Meanwhile, deposits by economic organizations reached around VND6.37 quadrillion ($242 billion) at the end of June, up more than 3.09 percent from the end of 2025. Their deposits increased by around VND203 trillion ($7.7 billion) in June.
Household deposits therefore grew more than twice as fast as deposits by economic organizations in the first half of the year.
Credit growth puts pressure on interest rates
Total deposits by households and economic organizations reached around VND17.44 quadrillion ($663 billion) at the end of June.
Meanwhile, total money supply, including cash and bank deposits circulating in the economy, exceeded VND20.4 quadrillion ($775 billion), up 4.99 percent from the end of 2025.
Outstanding credit across the banking system topped VND20.15 quadrillion ($766 billion) as of July 29, up 8.38 percent from the end of 2025, the central bank said.
Can Van Luc, a member of the National Monetary and Financial Policy Advisory Council, said capital demand remained high, particularly as Vietnam targets double-digit economic growth.
The gap of around VND1.4 quadrillion ($53 billion) between deposits and outstanding credit is putting pressure on interest rates, he said.
Prime Minister Le Minh Hung on Thursday chaired a meeting with the SBV and credit institutions to review monetary policy and banking operations during the first seven months of the year and discuss measures for the coming period.
Hung asked the central bank to maintain appropriate policy interest rates and increase market liquidity to help credit institutions access lower-cost funding.
The SBV was also told to manage the exchange rate flexibly in line with market developments, coordinate monetary policy tools and intervene when necessary to stabilize the foreign exchange market, while continuing to closely manage the gold market.
Credit institutions must cut operating costs, stabilize interest rates and make substantive reductions in lending rates, the prime minister said.
Rising deposit rates attract savers
Household deposits have increased as some banks raise deposit rates, particularly for medium-term and long-term maturities.
Six-month deposit rates at some banks have reached nine percent per year, depending on deposit conditions and size.
N., a resident in Hanoi, said she deposited VND300 million ($11,400) at SHB earlier this week for six months at an annual interest rate of nine percent.
The rate for the same amount at the same bank is now around 0.1 percentage point higher than it was two weeks ago, she said.
Economist Nguyen Thuong Lang said the growth in deposits showed that banks remained an important channel for households to hold their money.
Source: The Ky - Le Thanh / Tuoi Tre News
Photo: Supplied