Vietnam’s 2025 credit growth set to surpass 16% target HÀ NỘI — Vietnam’s banking sector is on track to exceed the Government’s 2025 credit growth target of 16%, with analysts forecasting expansion could reach 17-18% amid steady economic recovery and strong capital demand. According to S&I Ratings, large joint stock commercial banks such as MB, VPBank, and HDBank, which absorbed weaker banks and received policy incentives, may see 25-30% credit growth. By the end of August 2025, system-wide outstanding loans had risen 11.8% since December 2024 and 20.6% year-on-year, reflecting robust lending momentum. The State Bank of Vietnam (SBV) supported growth by extending credit limits in July for banks nearing their quotas. Analysts from MB Securities (MBS) expect banks with a focus on public investment and SME lending, coupled with stable net interest margins and solid capital raising, to outperform in the final months of 2025. HDBank is projected to hit 32% growth, while Vietcombank may achieve 15% thanks to faster public investment disbursement, low lending rates, GDP growth ambitions, and a recovering property market. Notably, credit to real estate and securities sectors surged, with SHB, Techcombank, MB, VPBank, and Nam A Bank recording sharp rises. S&I said first-half 2025 credit growth of 9.9% marked the highest mid-year pace since 2012. — BIZHUB/VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News