Tag: deposits

Production and business activities were halted due to Covid-19 last year and deposit interest rates were low, so the deposit balance of corporate customers far exceeded that of individual customers. According to analysts, this abnormal situation will soon return to normal as Vietnam’s economy recovers.

Data from the State Bank of Vietnam (SBV) reveals that total bank deposits by Vietnamese economic organizations this year stood at more than VND5.03 quadrillion ($218.6 billion) as of the end of May, up 3.26 per cent compared to the end of last year. In May, such organizations deposited VND59.12 trillion ($2.56 billion), accounting for four-fifths of net additional deposits.