As of the end of May 2026, deposits from the public at credit institutions in Vietnam have reached a new record of over 10.82 quadrillion VND, representing an increase of 108.197 trillion VND compared to the previous month and a 4.76% rise from the end of 2025. This surge indicates a robust influx of funds into the banking system, which has maintained deposits above 10 quadrillion VND since October 2025.

In addition to the public's deposits, economic organizations also contributed to the total, with their deposits exceeding 6.16 quadrillion VND by the end of May, although this figure saw a slight decrease of 0.2% compared to the end of 2025. Overall, the total payment instruments, excluding securities, reached over 19.97 quadrillion VND, marking a 2.73% increase from the previous year.

The high interest rates continue to play a significant role in attracting deposits. According to the latest report from the State Bank of Vietnam, average interest rates for June 2026 ranged from 0.1% to 0.2% per annum for demand deposits and those with terms under one month, and from 4% to 4.6% for deposits with terms of one month to under six months. For deposits with terms from six months to 12 months, rates varied between 6.1% and 7.6%.

Notably, many banks have been offering interest rates above 9% for deposits of 500 million VND or more. The average lending rates for both new and existing loans at state-owned and joint-stock commercial banks range from 8.1% to 10.5% per annum, while short-term loans in VND for priority sectors are approximately 3.9% per annum, below the maximum allowed rate of 4%.

This trend of increasing deposits amid high interest rates reflects the public's growing trust in the banking sector, as well as the effectiveness of the State Bank's policies in stabilizing the financial system.