“Mobilizing 9 dong, lending 10 dong” is creating pressure on banks

According to the State Bank, by the end of December 2024, the deposits of the population were 7,065 trillion VND. That is, in December, banks mobilized an additional 65,000 billion VND. Institutional deposits reached 7,660 trillion VND, an increase of nearly 400,000 billion VND in December 2024.

Thus, the total capital mobilized by the population and economic organizations by the end of December 2024 reached 14,732 trillion VND (in December alone, banks mobilized an additional 463,000 billion VND).

Although deposit mobilization continues to set a new record, by the end of 2024, capital mobilization is still nearly VND 1 quadrillion lower than credit (VND 15.7 quadrillion).

By the first quarter of 2025, according to the General Statistics Office (Ministry of Finance), as of March 25, capital mobilization of credit institutions increased by 1.36%, credit in the whole economy increased by 2.49%. Therefore, as of March 25, the gap between mobilization and lending of the banking system had reached VND 1.1 million billion.

Mobilization growth is slower than lending, creating great pressure on banks to maintain liquidity and meet credit needs for the economy to achieve the growth target of over 8% in 2025.

With Vietnam's GDP at about 12 million billion VND and outstanding credit of nearly 16 million billion VND (accounting for about 135% of GDP), the banking system is facing great challenges.

Previously, the Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, said that the banking sector currently lends more to the economy than the mobilized balance. That is, 9 VND is mobilized but the banking sector lends 10 VND, the remaining deficit must be used from both equity capital and re-lending capital from the State Bank.

However, the representative of the State Bank's leadership also said that the State Bank will use tools to support liquidity for banks, creating conditions for providing credit capital to support growth.

Source: https://nhandan.vn/huy-dong-9-dong-cho-vay-10-dong-dang-tao-ap-luc-cho-cac-ngan-hang-post871417.html