Vietnam banking sector sees rising capital mobilization and liquidity

The Vietnamese banking sector is experiencing a significant surge in capital mobilization. As of late August 2026, VND-denominated capital mobilization rose 8.77% compared to the start of the year, outpacing credit growth. This influx is improving liquidity across the system, with some banks offering high interest rates on savings and certificates of deposit to attract idle cash, with some rates reaching 9-10% for large deposits.

In response to shifting market dynamics, several major banks are adjusting their strategies. Vietcombank reported a slight decrease in average lending rates in July 2026, marking its first decline after five consecutive months of increases. Meanwhile, institutions like VPBank and VIB are focusing on fee-based income from cards and bancassurance to offset net interest margin pressures.

Regulatory and operational changes are also underway. The State Bank of Vietnam is transitioning nine banking-related administrative procedures to the National Public Service Portal starting September 2, 2026. Additionally, banks such as VietinBank and Vietbank are implementing new fee structures for SMS banking notifications starting in September 2026. In the consumer finance segment, VietCredit has seen rapid profit growth, while FE Credit reported a decline in profits.