Credit in the first quarter of 2026 surged by 3.18% against late last year to VND19.18 quadrillion (US$730 billion), supporting Vietnam’s GDP growth of 7.83%, Pham Thanh Ha, deputy governor of the State Bank of Vietnam (SBV), said at an event on April 14.

The State Bank of Vietnam (SBV) will maintain a flexible and supportive interest rate policy for the rest of 2026, focusing on liquidity support and borrowing cost stability to sustain economic growth amid rising global uncertainties and inflationary pressures.

The State Bank of Vietnam (SBV) has ordered credit institutions, foreign bank branches, and regional SBV offices to adopt concerted measures to stabilise interest rates, contributing to inflation control, macroeconomic stability, and economic growth.

The State Bank of Vietnam (SBV) will keep a close watch on global market volatility to steer monetary policy in a proactive and flexible manner, while aligning closely with fiscal and other macroeconomic tools to safeguard stability, curb inflation and underpin sustainable growth.

The strategy for 2026–2030 must continue to ensure progress and equity in equal access to finance and credit for all groups, leaving no one behind in the development process, particularly those in rural, remote, mountainous, border, and island areas; poor households, students, small and medium-sized enterprises (SMEs).

The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on January 30 jointly launched a 2 million USD initiative on green banking capacity development, aiming to help Vietnam scale up green and climate finance.

Credit institutions expect the business outlook to remain positive in 2026 but are more cautious about profit growth, according to the latest survey by the State Bank of Vietnam (SBV).

Under pressure from the mandated loan-to-deposit ratio (LDR), the State Bank of Vietnam (SBV) might have to raise the deposit interest rate cap by 50 basis points in 2026, analysts say.

Nearly 18 billion cashless transactions were recorded in the first nine months of 2025, with total value surpassing VND260 quadrillion (nearly US$10 billion), according to the State Bank of Vietnam (SBV)’s Payment Department.

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