According to the State Bank of Vietnam (SBV), this is a good sign for the economy’s capital demand as loan interest rates, especially those designed exclusively for businesses benefiting from the government’s interest rate subsidy programme, are falling.

SBV said total payments are estimated to rise by 2.37 percent over June and 20.22 percent over last December, and total cash put into circulation outside the banking system climbed up 0.37 percent and 16.53 percent, respectively. 

The bank said customers’ deposits at credit organisations increased by 2.75 percent this month, with VND deposits seeing a 3.17 percent rise and USD deposits edging up 1.13 percent from June.