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Vietnam's credit grew 11.59% year to date by end-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.

Last updated
12 Nov 2026
Latest data as of
30 Sep 2026
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NPL ratio, listed banks
Excludes unlisted banks and finance companies.
2.01%30 Jun 2026 · vietnam.vn (republished from Báo Công Thương): Bad debts 'don't tell the whole story' about bank assets (2026-09-21)
State foreign exchange reserves
One-off disclosure; SBV does not publish reserves regularly. The SBV document itself was not seen.
about USD 87.6bn18 Jun 2026 · CafeF (2026-06-24), citing a State Bank of Vietnam report
Bank credit to GDP
Per ADB.
145%31 Dec 2025 · ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)
System credit growth, year to date (30 September 2026)11.59%up from 10.24% on 17 September and 8.38% on 29 July30 Sep 2026 · CafeF: Deputy Governor Pham Thanh Ha — credit at 30/9 reaches VND 20.75 quadrillion, up 11.59% (2026-10-03)
Credit growth by calendar year (%)
0510152014.18202213.71202315.08202419.012025
Credit growth by calendar year (%)
202214.18
202313.71
202415.08
202519.01

Credit of the credit-institution system, growth over the calendar year (end-December vs previous end-December), State Bank of Vietnam figures as reported in the press · Source: State Bank of Vietnam full-year figures, as reported by Vietnamese media (2022, 2023, 2024, 2025) Revised full-year figures are used for 2022 and 2023 (first reported at 14.5% and about 13.5%). The 2026 year-to-date figure is not part of this series.

Key topics

Digital lending and the fintech sandbox

Consumer finance companies

Credit information

Debt collection

Credit growth

Each item cites an authority, an exchange or securities filing, or an international organisation. Checked 14 Oct 2026

Key indicators and definitions

Compilers differ; compare like with like.
Compilers differ; compare like with like.
IndicatorValueDefinition and scopeBasis dateSourceDefinition and source
NPL ratio, listed banks2.01%
Excludes unlisted banks and finance companies.
Groups 3–5 (non-performing) loans / total loans, 27 listed banks27 listed commercial banks (Vietstock compilation)30 Jun 2026vietnam.vn (republished from Báo Công Thương): Bad debts 'don't tell the whole story' about bank assets (2026-09-21)
Definition and source

Groups 3–5 (non-performing) loans / total loans, 27 listed banks

Scope: 27 listed commercial banks (Vietstock compilation)

Source: vietnam.vn (republished from Báo Công Thương): Bad debts 'don't tell the whole story' about bank assets (2026-09-21)

State foreign exchange reservesabout USD 87.6bn
One-off disclosure; SBV does not publish reserves regularly. The SBV document itself was not seen.
State foreign exchange reserves as disclosed by the central bankState Bank of Vietnam18 Jun 2026CafeF (2026-06-24), citing a State Bank of Vietnam report
Definition and source

State foreign exchange reserves as disclosed by the central bank

Scope: State Bank of Vietnam

Source: CafeF (2026-06-24), citing a State Bank of Vietnam report

Bank credit to GDP145%
Per ADB.
Bank credit outstanding / GDPBanking system31 Dec 2025ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)
Definition and source

Bank credit outstanding / GDP

Scope: Banking system

Source: ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)

System credit growth, year to date (30 September 2026)11.59%up from 10.24% on 17 September and 8.38% on 29 JulyGrowth of credit outstanding since end-2025, as stated by the SBVCredit institution system30 Sep 2026CafeF: Deputy Governor Pham Thanh Ha — credit at 30/9 reaches VND 20.75 quadrillion, up 11.59% (2026-10-03)
Definition and source

Growth of credit outstanding since end-2025, as stated by the SBV

Scope: Credit institution system

Source: CafeF: Deputy Governor Pham Thanh Ha — credit at 30/9 reaches VND 20.75 quadrillion, up 11.59% (2026-10-03)

SBV refinancing rate4.5%
As reported by ADB.
unchanged		State Bank of Vietnam refinancing rateMonetary policy23 Sep 2026ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)
Definition and source

State Bank of Vietnam refinancing rate

Scope: Monetary policy

Source: ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)

Average lending rate (SBV data)10.7%
The report does not specify loan tenor, currency or whether the average covers new or outstanding loans.
nearly 2 percentage points above end-2025		Average lending rate of credit institutions, State Bank of Vietnam data as reported by Viet Nam NewsBanking system31 Aug 2026Viet Nam News: Viet Nam rates likely to stay high until early 2027 (2026-09-30, citing SBV data)
Definition and source

Average lending rate of credit institutions, State Bank of Vietnam data as reported by Viet Nam News

Scope: Banking system

Source: Viet Nam News: Viet Nam rates likely to stay high until early 2027 (2026-09-30, citing SBV data)

System credit growth, year to date10.24%
Unverified; exact basis date not stated, report dated 17 September 2026.
Growth of credit outstanding since end-2025, from SBV market report as reportedBanking system17 Sep 2026Báo Nghệ An: Lãi suất ngân hàng ngày 17/9/2026 (2026-09-17)
Definition and source

Growth 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)

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