The State Bank of Vietnam (SBV) plans to steer credit growth across the banking system to around 15% in 2026, with room for adjustment in line with macroeconomic conditions, inflationary pressures and banking system safety, aiming to balance growth support with financial stability.

Credit growth in Vietnam reached nearly 18% in 2025, reflecting the State Bank of Vietnam’s (SBV) flexible and proactive monetary management aimed at supporting economic growth while keeping inflation under control.

Ho Chi Minh City’s credit growth continued on a positive trajectory in 2025, with total outstanding loans estimated at over VND5 quadrillion (US$190 billion), up 0.95% from November 2025 and approximately 13.5% compared to the end of 2024.

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.