T&S Asset Management

Vietnam

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.

Last updated
28 Sep 2026
Latest data as of
23 Sep 2026
Bank credit to GDP
Per ADB.
145%31 Dec 2025 · ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)
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)
System credit growth, year to date
Unverified; exact basis date not stated, report dated 17 September 2026.
10.24%17 Sep 2026 · Báo Nghệ An: Lãi suất ngân hàng ngày 17/9/2026 (2026-09-17)
SBV refinancing rate
As reported by ADB.
4.5%unchanged23 Sep 2026 · ADB: Developing Southeast Asia, Asian Development Outlook September 2026 (2026-09-23)

Key indicators and definitions

Compilers differ; compare like with like.
Compilers differ; compare like with like.
IndicatorValueDefinition and scopeBasis dateSourceDefinition and source
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)

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)

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)

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)