Vietnam Household Bank Deposits Reach Record 10.56 trillion VND

Household deposits at Vietnamese banks surpassed 10.56 trillion VND at the end of March 2026, a new all‑time high and a 2.19% increase from the end of 2025, according to data from the State Bank of Vietnam. The rise adds roughly 200 000 billion VND of idle cash to the banking system, bringing total payment instruments (excluding valuables) to over 19.6 trillion VND, up 0.98% year‑on‑year.

Banks have been raising savings rates to attract this surplus, with many offering 7%‑9% per annum on 12‑month deposits. The central bank’s governor, Pham Duc An, directed a modest rate cut in early April, but the overall attractive yield environment persists as alternative assets such as real estate and equities remain volatile.