If the pace of credit growth observed in the first half of 2025 continues, the full-year growth rate could reach 18–20%. This upward trajectory presents significant opportunities for businesses and investors, unlocking new avenues to capitalize on the accelerating economic cycle. However, alongside these opportunities come potential challenges and risks. Growth driver As of June 26, 2025, credit growth had risen by 8.3% compared to the end of 2024—1.7 times higher than the 4.85% increase recorded during the first half of 2024, according to data from the Statistics Department under the Ministry of Finance. The State Bank of Vietnam (SBV) recently reported that outstanding credit in the banking system surpassed VND17.2 quadrillion by the end of June 2025, reflecting a 9.9% increase over year-end 2024 and a 19.32% rise year-on-year. This marks the highest first-half credit growth seen in recent years. That said, in just the final four days of June, outstanding credit surged by 1.6%, equivalent to an increase of nearly VND250 trillion—or approximately VND62.5 trillion injected into the economy each day. While it is common for credit institutions to accelerate disbursements near the end of a quarter to meet performance targets and enhance KPI metrics, such robust growth […]