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

VOV.VN - As of the end of September, total credit to the national economy had risen 13.37% compared to the start of the year, marking the highest growth in about 15 years. At this pace, the State Bank of Vietnam (SBV) expects full-year credit growth to reach 19-20%.

The State Bank of Vietnam (SBV) on July 31 announced that it has raised the credit growth target for commercial banks to support economic growth amid controlled inflation, in line with the Government’s directives.

VOV.VN - Total credit to the national economy rose by nearly 10 % in the first half of 2025 to over VND17.2 quadrillion, marking the fastest growth rate since 2023.

Commercial banks have stimulated credit demand right from the start of the year to support economic growth.

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over VND3.9 quadrillion (US$153.3 billion), a 11.3% increase for the year, according to the central bank.

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV).

The corporate bond market continued its robust recovery with an average transaction value of VND11.54 trillion (US$453.5 million) per session, up 77% compared to the previous year.

The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).