HCMC — Vietnam’s central bank expects credit growth to reach 19-20% by the end of this year, supported by rising capital demand across the economy, reported the Vietnam News Agency.
Outstanding loans had increased about 15% as of October 30 compared with the end of 2024, according to the State Bank of Vietnam (SBV), the nation’s central bank. It said the stronger outlook reflects improved credit absorption.
The SBV added that it will continue to manage monetary policy flexibly and direct lending toward production and business activities. It aims to limit exposure to real estate and speculative assets to contain risks.
Earnings reports from 27 listed banks showed total outstanding loans exceeding VND13.6 quadrillion at the end of the third quarter, up 15% from late 2024. The 10 largest lenders accounted for the majority of the increase.
Among state-run banks, BIDV reported outstanding loans of more than VND2.23 quadrillion, up 9% from the end of last year. VietinBank’s loan book rose 16% to nearly VND1.99 quadrillion. Vietcombank posted a 12% increase, bringing total outstanding loans to VND1.63 quadrillion.
