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Total customer deposits at 27 listed banks as of March 31, 2026 reached over 12.88 quadrillion dong, up about 75.98 trillion dong from the end of 2025, representing a 0.6% increase. The figure marks the lowest quarterly deposit growth in years for the group.
Despite the overall slowdown, several banks reported strong deposit growth in the quarter. HDBank was the standout, with customer deposits reaching 621,549 billion dong as of March 31, 2026. This was an increase of more than 60,834 billion dong from the end of 2025, equivalent to about 11%.
On a growth-rate basis, HDBank recorded the strongest expansion across the sector in Q1. In absolute terms, it also attracted the most deposits in the system, surpassing multiple state-owned banks.
The growth was supported by a large funding base. Over the year, deposits at HDBank rose by more than 156,000 billion dong, or about 34%.
The development aligns with HDBank’s recent growth strategy, which emphasizes expanding its individual, SME, and retail customer base rather than relying heavily on large corporate clients or interbank funding.
HDBank also operates a relatively broad financial ecosystem spanning aviation, travel, and consumer segments, with advantages in reaching rural and small urban households. The bank’s funding mix has also been shifting toward more sustainable sources, supported by consistent promotion of digital banking, CASA, and online savings products—helping it grow deposits while optimizing funding costs.
The strong deposit growth in Q1 is expected to provide room for loan growth in the coming quarters, particularly as many banks continue to push retail and SME lending when demand for capital recovers.
Alongside HDBank, VPBank also posted very strong deposit growth in Q1. Deposits increased from 628,045 billion dong at end-2025 to 682,719 billion dong by end-Q1 2026, up about 54,675 billion dong after three months. Compared with the same period last year, VPBank’s deposits had grown by more than 130,000 billion dong.
In the state-owned group, VietinBank stood out for deposit growth in Q1 2026. Deposits rose by over 30,445 billion dong to more than 1.82 quadrillion dong, the highest growth among the Big4.
SHB also recorded notable growth, with deposits rising by more than 28,045 billion dong to over 600,194 billion dong. On a year-on-year basis, SHB’s deposits increased by more than 70,000 billion dong.
SHB has expanded its retail scale and accelerated digital transformation in recent years, which has helped it maintain relatively stable deposit growth even though it is not in the group with the highest deposit rates in the market.
Several mid-sized banks also reported meaningful deposit increases. ABBank saw deposits rise by more than 13,247 billion dong (about 10%) in a single quarter, and year-on-year deposits were up nearly 64%.
NCB reported deposits rising by more than 7,500 billion dong to nearly 135,000 billion dong. OCB increased by 8,653 billion dong, Eximbank by 4,844 billion dong, and VIB by 21,800 billion dong after three months.
Some banks experienced deposit outflows in Q1. BIDV fell the most in the system, declining by more than 82,000 billion dong from end-2025, though it still holds the largest deposit base in the system at over 2.14 quadrillion dong.
Techcombank declined by more than 19,100 billion dong, Sacombank by about 17,553 billion dong, and ACB by more than 16,000 billion dong.
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