Capital mobilization has been rising at a slower pace than outstanding loans — a trend seen across many banks since the beginning of the year Drivers of credit expansion According to the Q3 2025 financial statements, customer deposits at 27 listed banks increased by only 10.2% compared with the start of 2025. Meanwhile, 21 out of 27 banks reported loan growth outpacing the growth of customer deposits. Total outstanding loans at the 27 listed banks reached nearly VND13.63 quadrillion as of September 30, 2025, up 15% from the start of the year and accounting for 77% of the sector’s total outstanding credit. This is the strongest credit expansion seen in years for both the banking system as a whole and for many individual banks. Thirteen banks recorded loan growth of at least 15% in the first nine months of the year. The five fastest-growing lenders were NCB with an increase of 33.4%, followed by VPBank at 29.4%, Techcombank at 21.4%, MBBank at 19.9%, and TPBank at 18.3%. SaigonBank was the only bank to report a decline, with outstanding loans falling 6.1%. In raw terms, the largest banks still dominated the banking landscape. VietinBank’s loan book expanded by VND286.6 trillion to […]
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