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Deposit growth of residents at credit institutions in the first four months of this year was only 2.34%. This is the 5th year in a row that this growth rate has tended to be lower. According to experts, the deposit growth of the population in the banking system recorded a much lower rate than in previous years, partly due to low deposit rates.
Contrary to the low growth trend of bank deposits from the people, the cash flow and the number of individual investors participating in the stock market from 2020 to now have increased dramatically. In addition to stocks, which have increased by nearly 23% since the beginning of the year, VNDirect’s report shows that housing prices have increased on a large scale since the beginning of the year.
In addition to the cash flow movement, experts at SSI Research also believe that the low growth of residents’ deposits may be due to the initiative of banks to reduce the gap to narrow the difference with loan balances, ensuring their high fertility.
According to
https://vietnamnet.vn/vn/kinh-doanh/tai-chinh/tien-gui-ngan-hang-giam-747261.html.
Documentary Editorial Board, DBRC, Dong Du International Accounting & Legal Consulting Group Vietnam
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