At a roundtable on “Savings as an internal strength in the digital era” organised by Banking Times to mark World Savings Day, a State Bank of Vietnam Deputy Governor set out how domestic savings mobilisation supports investment and macroeconomic stability, and pointed to digitalisation as a channel for lowering costs and expanding access to savings products. Household deposits at credit institutions were cited at around VND 8 quadrillion, up nearly 13% year on year. More than 95% of customer transactions are now conducted through digital channels, while non-cash payments have been increasing by over 45% per year on average. The remarks also referenced the central bank’s monetary policy management to help maintain reasonable interest rates and support credit institutions in keeping credit accessible, alongside sector-wide efforts to cut operating costs to create room for lower lending rates; banks were encouraged to continue expanding digital savings products such as online and flexible savings, including to raise current and savings account deposits (CASA) and reduce funding costs. State Bank of Vietnam leadership framed the forum as a vehicle for sharing international and domestic experience and for developing proposals to promote saving habits, safe investment and financial inclusion linked to digital transformation and national financial education.
State Bank of Vietnam 2025-10-30
State Bank of Vietnam Deputy Governor highlights VND 8 quadrillion household deposits and digital shift at savings roundtable
At a World Savings Day roundtable, a State Bank of Vietnam Deputy Governor emphasized domestic savings mobilisation's role in investment and macroeconomic stability, highlighting digitalisation's impact on cost reduction and access. Household deposits reached VND 8 quadrillion, with over 95% of transactions digital. The central bank aims to maintain reasonable interest rates and support credit institutions, while banks are encouraged to expand digital savings products for financial inclusion.