Credit growth by February 20 rose 0.39 percent while capital mobilisation increased 0.34 percent against December last year, a government report released early this week said.
Transactions at the Agribank's branch in Quang Tri (Source: VNA)
Hanoi (VNA) 🌞- Credit growth by February 20 rose 0.39 percent while capital mobilisation increased 0.34 percent against December last year, a government report released early this week said.
Compared with the same period last year, credit increased 0.96 percent and capital mobilisation inched up 0.05 percent.
The report said the lending interest rate was stable during the months, but the deposit interest rate was on an upward trend, especially for medium- and long-term deposits, as commercial banks tried to attract idle money from local people after Tet (Lunar New Year) to restructure their capital sources, in order to meet rising medium- and long-term capital demands during the remaining months of the year.
After staying out of an interest hike race of small- and medium-sized banks early this year, all major banks such as Vietinbank, Vietcombank and BIDV have now joined it.
Vietcombank recently increased the interest rate for deposits with terms of more than 12 months from six percent to 6.5 percent per year. A 0.2 percent hike has also been applied on short-term deposits, pushing up the rate to 4.8 percent for two-month deposits, five percent for three-month deposits and 5.4 percent for six-month deposits.
Vietinbank also quoted a 6.8 percent interest rate for 12-month to 24-month terms, up from six percent earlier. The bank has also increased the interest for short-term deposits by 0.3 percent.
The same trend is seen at BIDV, which has increased the interest rate by roughly 0.3 percent for short-term deposits and 0.2 percent for nine-month to 12-month deposits.
After this move, the interest rate gap for long-term deposits between small and large banks has been reduced to 0.8 to one percent from 1.5 to 1.8 percent. Small banks often have to list higher interest rates than large banks to lure depositors.
Banks said the interest rate hike was not because of poor liquidity, but to have enough capital to fund medium- and long-term projects.
Director of Orient Commercial Bank (OCB) Nguyen Dinh Tung said if liquidity was poor, banks must attract short-term deposits to deal with the shortfall. Tung said interest rates would be on an upward trend, adding that the rise would help banks readily meet the expected rising capital demand in the next few months as credit was expected to rise by 18 to 20 percent this year.-VNA
The HCM City Real Estate Association (HOREA) has proposed the State Bank of Vietnam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions.
Commercial banks offloaded a large volume of non-performing loans (NPLs) to the Vietnam Asset Management Company (VAMC) in 2015 to reduce the bad debt rate to below 3 percent.
Vietnam should enact large macroeconomic reforms in order to lift growth and catch up with other economies, Christine Largarde, Managing Director of the International Monetary Fund (IMF).
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Transactions at the Agribank's branch in Quang Tri (Source: VNA)
