According to separate first-quarter financial statements from 29 joint-stock commercial banks, total customer deposits as of March 31 reached about VND13.13 quadrillion, equivalent to around USD505 billion, marking only a slight increase compared to the end of 2025.

However, 13 banks posted declines in deposits during the first three months of the year, including major lenders such as BIDV, ACB, Sacombank, Techcombank, MB and TPBank.

The trend emerged even as deposit interest rates recorded their strongest increase in roughly three years during the quarter.

Market observers said deposit outflows at some large banks may reflect stronger competition from rivals offering more attractive rates.

BIDV records biggest decline

Statistics showed BIDV posted the sharpest decline in customer deposits.

As of March 31, the bank’s customer deposits stood at VND2.115 quadrillion, down VND80.86 trillion, or 3.68%, compared to December 31, 2025.

Even so, BIDV remained the only bank in the system, excluding Agribank, with deposits exceeding VND2 quadrillion.

Other banks posting major declines included ACB, where deposits fell by VND17.6 trillion, or 3%, to VND570.27 trillion.

Sacombank reported a decline of VND17.54 trillion, or 2.86%, leaving total customer deposits at VND595.47 trillion.

Techcombank also saw deposits shrink significantly, down VND16.6 trillion, or 2.66%, to VND607.22 trillion.

Meanwhile, MB reported a decline of VND11.19 trillion, or 1.23%, leaving deposits at VND906 trillion.

TPBank also recorded a similar decline, with customer deposits standing at VND269.56 trillion.

Other banks reporting lower customer deposits included SeABank, VietBank, BaoViet Bank, MSB, PGBank, Saigonbank and Nam A Bank, with declines ranging from 0.5% to 4.8% compared to the end of last year.

HDBank and VPBank lead deposit growth

In contrast, HDBank recorded the strongest growth in customer deposits during the quarter.

The bank’s separate financial statements showed deposits reached VND621.55 trillion by March 31, up nearly VND61 trillion, equivalent to 10%, compared to the end of 2025.

VPBank ranked second in absolute deposit growth, with customer deposits rising by VND51.71 trillion, or 8.19%, to more than VND683 trillion.

VietinBank ranked third, with deposits increasing by VND28.69 trillion, or 1.6%, to VND1.81 quadrillion.

SHB posted an increase of VND27.5 trillion, or 4.84%, bringing deposits to more than VND595 trillion.

At VIB, customer deposits rose sharply by VND21.74 trillion, or 7.33%, to VND318.6 trillion.

ABBank also ranked among the banks with the strongest deposit growth, recording an increase of VND13.25 trillion, or 9.93%, to VND146.67 trillion.

The remaining banks all posted deposit growth of less than VND10 trillion, including OCB, LPBank, NCB, Vietcombank, Eximbank, BVBank, Viet A Bank, Bac A Bank, PVcomBank and KienlongBank.

State-controlled banks remain dominant

In absolute terms, state-controlled commercial banks continued to dominate customer deposit rankings.

BIDV led with VND2.115 quadrillion in customer deposits as of March 31, followed by VietinBank with VND1.819 quadrillion and Vietcombank with VND1.682 quadrillion.

Among private-sector lenders, MB remained the largest by customer deposits, with VND906 trillion at the end of the first quarter.

It was followed by VPBank, HDBank, Techcombank, Sacombank, SHB, ACB, LPBank and VIB.

Tuan Nguyen