Vietnam's Credit Growth Surges to 15-Year High, Boosting Key Sectors
Vietnam's total outstanding loans have surged to VND17,710 trillion ($671.21 billion) in the first nine months of 2025, with credit growth expected to reach a 19-20% high. The State Bank of Vietnam (SBV) has revised its keybank growth target and is directing lenders to prioritise key sectors.
The SBV initially set a 2025 credit growth quota of about 16%, but with stronger capital demand, it revised the target in late July. About 78% of the credit has been allocated to production and business activities, with the SBV continuing to direct lenders to support these sectors and key economic growth drivers.
The real estate sector has seen credit growth of 19% year-on-year, reaching about VND4,000 billion ($151.6 billion) in the first eight months. Meanwhile, the social housing and homebuyer package for those under 35 has seen disbursements of VND4.7 trillion ($178.13 million), up 66% from the end of 2024. The package has been raised to VND145 trillion ($5.5 billion).
Banks participating in the social housing and under-35 buyers package have achieved disbursements of VND4.7 trillion so far, but they are not directly listed in the available search results. With the current pace, full-year credit growth could reach 19-20%, the highest in 15 years and above the planned quota.
The SBV has allocated the entire credit growth quota to lenders at the start of the year and published the rules for implementation. With the revised target and continued focus on key sectors, Vietnam's credit growth is expected to remain robust in the coming months.
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