Dong Nai banking sector steps up capital mobilization in year-end period

In the first 10 months of 2025, the banking sector in Dong Nai Province recorded positive results in capital mobilization, particularly from deposits by businesses and individuals, creating favorable conditions for credit growth across the province.

Currently, local banks are implementing a range of capital mobilization measures to meet the increasing credit demand during the year-end peak in production and consumption.

*Capital mobilization maintains steady growth

According to the State Bank of Vietnam’s Region 2 Branch, as of the end of October 2025, the total mobilized capital of credit institutions in Dong Nai was estimated at approximately VND 466 trillion, representing an 11.63% increase compared to the beginning of the year, with Vietnamese dong deposits accounting for 93.8% of total mobilized capital in the province. Although average deposit interest rates declined in October 2025, total deposits continued to rise, driven by the safety of the banking investment channel and the public’s growing need to preserve capital.

Cash counting operation at a bank branch on Vo Thi Sau Street, Tran Bien Ward, Dong Nai Province. Photo: Hai Quan

Currently, mobilized capital primarily comes from deposits made by organizations, enterprises, and individuals through various forms, including savings deposits, current accounts, and certificates of deposit. Among these, personal savings deposits continue to account for the largest share, over 50% of total deposits in the province’s credit institutions.

Regarding deposit interest rates, the average rates in local banks range from 0.1–0.3% per year for non-term deposits and those with a term under one month; 3.5–4.2% per year for terms of one to under six months; 4.7–5.3% per year for terms from six to 12 months; and 5.2–5.4% per year for terms of more than 12 to 24 months. Deposit interest rates in US dollars remain at 0% per year for both individual and institutional accounts.

Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s Region 2 Branch, said that the continued growth in deposits at credit institutions not only ensures sufficient liquidity for credit expansion but also reflects the effectiveness of the State Bank of Vietnam’s monetary and credit policies, including appropriate interest rate management and the promotion of banking services and non-cash payments. The structure of mobilized capital by deposit type, term, and credit institution also reveals factors that support the implementation of credit policies and business assistance. Stable average input rates and service growth have helped maintain reasonable and stable lending rates, supporting enterprises and credit expansion.

A representative from the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Bien Hoa Branch shared that in the first 10 months of 2025, the branch’s mobilized capital increased by about VND 1.2 trillion year-on-year, with retail deposits accounting for around 55% of the total.

* Implementing synchronized measures to attract customers

In the current context of volatility in the stock, real estate, and gold markets, bank savings remain a safe investment channel for both individual and corporate clients.

Nguyen Phuong Thao, a resident of Tran Bien Ward, Dong Nai Province, said: “Given the constant fluctuations in gold prices and the unpredictable, risky developments in the stock and real estate markets, I still choose to allocate part of my income to bank savings with flexible terms. Nowadays, banks integrate savings account opening and online deposits into their digital banking apps, making transactions faster and more convenient, while offering more incentives compared to in-person deposits at counters.”

Transaction activity at a banking office in Long Binh Ward, Dong Nai Province. Photo: Hai Quan

Innovation and the adoption of modern banking technology, along with improvements in payment policies, have played an essential role in promoting the expansion of non-cash payments and attracting deposits through a wide range of flexible and diverse options for customers in both savings and transactions.

According to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s Region 2 Branch, the growth of demand deposits and payment accounts has been closely tied to the expansion of non-cash payment activities and the effective development of banking services by credit institutions operating in the province.

He noted that developing account services, electronic payment products, and online savings deposits not only maximizes customer benefits (earning interest) but also provides flexibility in making payments and transfers with efficient, flexible terms. As of early October 2025, demand deposits accounted for approximately 20–25% of total mobilized capital in the province, representing a 7% increase compared to the end of 2024.

“The effective management and utilization of this capital source help enhance operational efficiency, attract more current deposits, expand service development, and ensure sustainable growth,” Lenh emphasized.

The positive growth of deposits, outpacing credit growth, allows commercial banks to be more proactive and flexible in lending while reducing dependence on funding from headquarters. In the remaining two months of the year, banks are expected to enhance various deposit-attracting programs, such as preferential savings schemes, expand retail deposit networks, and issue certificates of deposit to strengthen their financial capacity and ensure sustainable lending during the peak production and consumption season.

For example, the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has launched the program “Save Today – Win Billions,” running from September 25 to October 31, 2025, with total prizes valued at VND 3 billion, aimed at encouraging customers to save and use digital banking services. Meanwhile, banks such as Sacombank, SHB, and LPBank are issuing certificates of deposit to diversify their capital mobilization channels.

Stable average deposit interest rates are expected to help maintain lending rate stability. In addition, positive growth in mobilized capital creates favorable conditions for local commercial banks to expand credit, meet capital needs of businesses, business households, and cooperatives, support production and business development, and thereby foster economic growth.

Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s Region 2 Branch

Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s Region 2 Branch, stated that to enhance deposit mobilization efficiency, banks such as BIDV Bien Hoa Branch have implemented targeted strategies for specific customer segments. For institutional clients, the branch closely monitors the cash flows of existing customers to maintain a stable deposit base. It also actively reaches out to expand its client base among FDI enterprises and small and medium-sized businesses involved in import–export activities, targeting those with stable cash flows, to increase deposits in both VND and foreign currencies.

For individual customers, the branch is focusing on boosting retail deposit mobilization through active consultation, digital banking product and service marketing, preferential programs on deposit and lending interest rates, and international remittance services. In addition, BIDV Bien Hoa has simultaneously launched campaigns to promote QRSound (balance notification speakers), POS payments, and a range of attractive loan policies for small traders and business households, aiming to increase current account deposits (CASA).

By Hai Quan – Translated by Thuc Oanh, Minho