The State Bank of Vietnam’s Regional Branch No. 2 said banking capital has been channelled mainly into priority sectors, production and business activities, and key programmes, contributing to market stability and supporting the city’s economic recovery and growth.

According to Tran Thi Ngoc Lien, deputy director of the branch, outstanding credit in the city grew by 12.43% in the first 11 months of 2025 compared to the end of last year. The credit growth is expected to remain at around 13.5% by year-end, with increases recorded across all maturities.

She noted that the local banking system has ensured sufficient credit supply to meet production and business demand, as well as goods stockpiling during the year-end peak period, thereby satisfying capital needs ahead of the 2026 Lunar New Year (Tet).

Credit to priority sectors continued to expand steadily, with loans for agriculture and rural development reaching VND520 trillion, export credit VND169 trillion, small and medium-sized enterprises VND1.59 quadrillion, industries VND81 trillion, and loans to high-tech enterprises VND5.29 trillion.

Under the VND185 trillion credit package for enterprises engaged in agricultural, forestry and fishery production and processing, disbursement in the city during the period amounted to VND2.32 trillion. Since the programme’s launch, total disbursement has reached VND36.5 trillion, with outstanding loans of VND14.27 trillion provided to 11,311 borrowers.

For the programme on social housing, housing for workers, and the renovation and rebuilding of old apartment blocks under Resolution No. 33/NQ-CP, HCM City has approved 16 projects, three of which have received funding. Cumulative disbursement has surpassed VND293 billion out of an approved credit limit of VND870 billion, while outstanding loans stand at VND267 billion.

Outstanding credit under the market stabilisation programme reached VND6.45 trillion, including VND6.44 trillion in short-term loans and VND10 billion in medium- and long-term loans, with 33 enterprises taking part.

Notably, the bank–business connectivity programme in the city reached an unprecedented scale. In 2025, 18 banks registered to join a credit package worth VND517.06 trillion, the highest level on record and 1.4% higher than in 2024.

Overall, the programme disbursed VND881.28 trillion to 223,253 borrowers in 2025, representing a year-on-year increase of 27.4% and making a significant contribution to promoting economic growth and stabilising production and business activities in HCM City.

Experts noted that the strong credit expansion recorded in 2025 has not only created a solid foundation for production and business operations but has also supported economic growth, market stability and social welfare in the city in the period ahead.

Credit growth on track for 18-20% in 2025

Credit growth of 18-20% for 2025 appears achievable as banks’ outstanding loans continued to expand over the first nine months.