VN · Country summary
Vietnam
Last updated: 28 Sep 2026
Vietnam's credit grew 10.24% year to date by mid-September 2026 against a guideline of about 15%, with bank credit at 145% of GDP and an NPL ratio of 2.01% at listed banks in Q2 2026.
Key indicators and definitions
| Indicator | Value | Definition and scope | Basis date | Source | Definition and source |
|---|---|---|---|---|---|
| Bank credit to GDP | 145%Per ADB. | Bank credit outstanding / GDPBanking system | 31 Dec 2025 | ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23) | Definition and sourceBank credit outstanding / GDP Scope: Banking system Source: ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23) |
| NPL ratio, listed banks | 2.01%Excludes unlisted banks and finance companies. | Groups 3–5 (non-performing) loans / total loans, 27 listed banks27 listed commercial banks (Vietstock compilation) | 30 Jun 2026 | vietnam.vn (republished from Báo Công Thương): Bad debts 'don't tell the whole story' about bank assets (2026-09-21) | Definition and sourceGroups 3–5 (non-performing) loans / total loans, 27 listed banks Scope: 27 listed commercial banks (Vietstock compilation) |
| System credit growth, year to date | 10.24%Unverified; exact basis date not stated, report dated 17 September 2026. | Growth of credit outstanding since end-2025, from SBV market report as reportedBanking system | 17 Sep 2026 | Báo Nghệ An: Lãi suất ngân hàng ngày 17/9/2026 (2026-09-17) | Definition and sourceGrowth of credit outstanding since end-2025, from SBV market report as reported Scope: Banking system Source: Báo Nghệ An: Lãi suất ngân hàng ngày 17/9/2026 (2026-09-17) |
| SBV refinancing rate | 4.5%As reported by ADB. | State Bank of Vietnam refinancing rateMonetary policy | 23 Sep 2026 | ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23) | Definition and sourceState Bank of Vietnam refinancing rate Scope: Monetary policy Source: ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23) |
Latest T&S View
2026-09-28
T&S View: Vietnam's data-driven lending push and consent rules call for joint design
- In September a tax data-sharing agreement, the SBV's call for data-based underwriting and a consent circular coincided
- We think data use and consent management should be treated as a single design problem
- Data scope and implementing rules are not yet settled, so this view carries significant uncertainty
Articles
- Data as of 2026-09-25T&S View
T&S View: Vietnam's data-driven lending push and consent rules call for joint design
In September a tax data-sharing agreement, the SBV's call for data-based underwriting and a consent circular coincided
- Data as of 2026-09-25Competition & capital
Vietnam's listed banks plan sizeable charter capital increases in 2026
Listed banks plan capital increases totalling VND 128 trn (about USD 4.93 bn), including stock dividends and private placements
- Data as of 2026-09-25Digital infrastructure
Vietnam's tax authority and credit bureau CIC sign data-sharing deal; scope undecided
The General Department of Taxation and the National Credit Information Centre (CIC) signed a data exchange cooperation agreement
- Data as of 2026-09-23Macro & households
ADB raises Vietnam's growth forecast and notes limits on further credit expansion
2026 growth forecast raised to 7.8% (raised from 7.2%); 2027 to 7.6% (raised from 7.0%)
- Data as of 2026-09-21Credit
Vietnam's listed banks see special-mention loans rise for a second straight quarter
The Group 2 (special mention) loan ratio at the 27 listed banks was 1.38% (up from 1.17% at end-2025; second consecutive quarterly rise)
- Data as of 2026-09-19Credit
Vietnam central bank chief urges shift from collateral to data-based SME lending
SME credit grew 12.4% year to date to VND 4.1 quadrillion (about USD 155 bn; about 20% of total credit)
- Data as of 2026-09-17Macro & households
Vietnam's credit growth outpaces deposit growth year to date
Year-to-date credit growth was 10.24% versus deposit growth of 8.77%, a gap of 1.47 pt
- Data as of 2026-09-14Regulation
Vietnam's central bank mandates explicit consent for sharing credit information
Circular 46/2026/TT-NHNN amends Circular 15/2023/TT-NHNN, effective 1 November 2026
- Data as of 2026-09-08Competition & capital
Vietnam's listed banks raise the share of medium- and long-term lending
Medium- and long-term loans at the 27 listed banks reached VND 7.29 quadrillion (about USD 276.1 bn), 47.3% of total loans (up 0.9 pt from end-2025)
- Data as of 2026-09-06Competition & capital
Vietnam consumer finance H1: combined profits rise, FE CREDIT the lone decliner
Combined H1 pre-tax profit of six major consumer finance companies rose 36.8%; only FE CREDIT declined (−42.8% y/y; the only decline among the six)