Short-term loans were estimated to rise 16.8 per cent while the increasing rate of medium- and long-term loans was 20.9 percent (Source: vietstock.vn)
Credit in Hanoi has surged sharply, roughly doubling the average rate of the entire banking system.
According to the municipal Statistics Office, total outstanding loans of the capital in the first nine months of the year is estimated to reach 1,195.9 trillion VND (53.15 billion USD), up 18.3 percent against December last year.
Short-term loans were estimated to rise 16.8 percent while the increasing rate of medium- and long-term loans was 20.9 percent.
Total capital mobilisation in the period rose 11 percent, reaching 1,321.8 trillion VND (58.74 billion USD).
As the credit growth rate was much higher than that of capital mobilisation, commercial banks have to continuously increase deposit interest rates to attract depositors in a move to balance deposit and credit sources.
Sacombank continuously inched up its deposit interest rate by 0.1-0.2 percentage points per year. This was the third interest hike of the bank since August this year. The bank's highest rate of 7.55 percent is applied for 13-month deposits.
Eximbank early this week also released the new interest rate level with a rise of 0.1-0.2 percentage points per year for some terms, effectively from September 21. The bank's highest rate was 7.5 percent, which is applicable for 13-month deposits.
Previously, An Binh Bank, VIB and SeaBank also increased the deposit interest rates by 0.2-0.3 percentages points per year for some terms.
Economist Dinh The Hien suggested that the Government should take more measures to better control the deposit rate hike. Avoiding it could cause lending interest rates to rise in the near future.
💟 It was contrary to the government's guidance in cutting lending interest rates to support domestic business and production, Hien said.-VNA
High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.
The State Bank of Vietnam (SBV) has allowed some lenders to raise their credit growth ceiling this year in a move to boost economic growth, according to Thoi bao Ngan hang (Banking Times).
Many large-sized commercial banks have no scope for credit growth for the last months of the year, as they have used nearly all the quota allowed by the central bank.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
Short-term loans were estimated to rise 16.8 per cent while the increasing rate of medium- and long-term loans was 20.9 percent (Source: vietstock.vn)
