State Bank of Vietnam Governor Phạm Đức Ấn said deposits remain concentrated in banks mainly because people still trust the banking system. Short-term deposits make up 80% of total deposits, but since people frequently roll them over, this funding is relatively stable and helps banks lower funding costs, which supports lower lending rates. He said that as the capital market develops and becomes more attractive and safer, household investment allocation could become more balanced. The Governor also said credit growth reached about 12.27%, with real estate credit up 9.84%, below the overall rate, while deposit rates rose 1.42% and lending rates rose 0.99%.
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Original headline: Vì sao tiền gửi ngân hàng nhiều?
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savings accountsState Bank of Vietnaminterest ratescredit
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Governor: People deposit a lot of money because they trust the banking system
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