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Household savings hit record as high interest rates attract idle money

Household savings hit record as high interest rates attract idle money

The increase comes as deposit rates have risen steadily since late 2025, encouraging households to move idle funds into bank savings for capital preservation and higher returns amid subdued performance in the stock, property and gold markets.
Central bank warns public over foreign exchange trading risks

Central bank warns public over foreign exchange trading risks

It warned against buying, selling or exchanging foreign currency between individuals or through unlicensed organisations because of counterfeit currency risks and legal violations.
Currency holds steady despite mounting pressures

Currency holds steady despite mounting pressures

Exchange-rate stability has emerged as one of Việt Nam’s macroeconomic bright spots this year, despite mounting pressure from a record trade deficit and an uncertain global outlook.
Banks cut rates following SBVs call

Banks cut rates following SBV’s call

Vietcombank also cut rates by 0.5 percentage points for 24-month deposits, bringing its highest rate down to 6 per cent.
Derivative instruments help firms mitigate forex risk

Derivative instruments help firms mitigate forex risk

In the domestic market, the foreign exchange market is under direct pressure from the upward trend of the international market.
Banks told to stabilise interest as deposit rates climb

Banks told to stabilise interest as deposit rates climb

Under the document, the SBV requested credit institutions, branches of foreign banks and regional SBV offices to implement measures to maintain stable market interest rates.
Rising deposit rates seen continuing amid liquidity pressure

Rising deposit rates seen continuing amid liquidity pressure

Recent increases in deposit rates, initially led by joint-stock lenders, have spread to State-owned banks, signalling the formation of a new rate baseline in the money market.
Banks offer post-holiday promotions to attract deposits

Banks offer post-holiday promotions to attract deposits

On the God of Wealth Day (February 26), online savers at the bank have a chance to win one tael of SJC gold.
Interbank rates cool to 8.5 per cent, liquidity strains persist

Interbank rates cool to 8.5 per cent, liquidity strains persist

Việt Nam’s interbank rates have eased from multi-year highs but remain elevated, signalling persistent liquidity pressure and possible spillover into lending and deposit costs.
US dollar drops sharply on unofficial market

US dollar drops sharply on unofficial market

Since the beginning of December, the dollar on the unofficial market has fallen by more than VNĐ700 per dollar. Compared to its peak of VNĐ28,000 in mid-November, the rate decreased by more than VNĐ900, or 2.5 percentage points.
State Bank adopts proactive policy to stabilise forex market

State Bank adopts proactive policy to stabilise forex market

As global financial fluctuations have put significant pressure on the monetary market this year, the State Bank of Việt Nam has adopted a flexible and proactive monetary policy to maintain stability. Director of the Monetary Policy Department Phạm Chí Quang...
State banks break year-long rate freeze with deposit hikes

State banks break year-long rate freeze with deposit hikes

Việt Nam''s ''Big Four'' lenders boost savings rates as year-end credit demand rises
Authorities tighten crackdown on illegal forex trading points

Authorities tighten crackdown on illegal forex trading points

The central bank requested its branches in Region I and Region II to coordinate with police forces to identify and shut down unauthorised money-changing locations.
Banking sector lower lending rates

Banking sector lower lending rates

Alongside adjustments to deposit rates, lending rates across the market continue to decline.
Inflation pressure in H2 driven by exchange rates and credit, expert warns

Inflation pressure in H2 driven by exchange rates and credit, expert warns

Escalating trade tensions stemming from US tariff policies are likely to slow the global economy, posing serious risks for Việt Nam’s export sector and overall production