Keyword: "bank credit"

Outstanding loans for urban area investment and housing development projects remained the largest category, reaching 833.6 trillion VND by the end of June, up 6.33% from the end of March.

The Ministry of Finance estimates development investment for 2026-2030 at a minimum of 38.5 quadrillion VND (1.48 trillion USD), or about 40% of GDP. The state budget is expected to provide only about 20%, or more than 7.7 quadrillion VND, leaving over 80%, or more than 30 quadrillion VND, to be raised from the broader economy. That makes expanding capital mobilisation channels beyond bank credit essential.

As Vietnam strives to achieve double-digit economic growth and become a developed nation by 2045, the country must reduce its reliance on bank credit by developing deeper capital markets and building international financial centres capable of attracting long-term investment from around the world.

Prof. Nguyen Trong Hoai from the University of Economics Ho Chi Minh City (UEH) suggested that Vietnam should study open finance models built on digital data adopted in several countries to improve credit access for SMEs lacking collateral.

Speakers agreed that large-scale enterprises have served as an important growth driver over the past 40 years while bank credit has provided essential support for their expansion and transformation.

Vietnam's bank credit by September 29 this year increased by 13.37% compared to the end of 2024. The credit structure in the first nine months of this year continued to focus on the production and business sector, especially priority sectors and economic growth drivers according to the Government's policy.

Commercial banks have stimulated credit demand right from the start of the year to support economic growth.

Bank credit has significantly contributed to agricultural and rural development in Ho Chi Minh City, Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s HCM City office, told a conference on October 17.

Bank credit in August is showing signs of recovery after a decline in July, according to the State Bank of Vietnam (SBV).

After a slump, bank credit in Ho Chi Minh City has picked up again and is expected to keep rising for the rest of the year since demand for funds is usually high at year-end, the State Bank of Vietnam has said.

After declining in the first two months of this year, credit of the banking industry in March increased by 0.26% compared to the end of 2023 to about 13.6 quadrillion VND, the State Bank of Vietnam (SBV) reported.

Total loans outstanding as of November 30 at credit institutions in Ho Chi Minh City were worth over 3.4 quadrillion VND (140.15 billion USD), a 1.3% increase from the previous month, according to the central bank.

In 2021, corporate bond yields were at their lowest level in history at just 7.86 percent a year. The interest rate may have created a bottom and will support corporate bond yields inching up in 2022.

The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.

Experts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter.

The real estate market has slowed in the first months of 2019, which experts attributed to limited bank credit sources for the market.

Amid widespread expectations that the central bank will continue to pursue its tight credit policy, especially to risky areas like real estate, in 2019 property developers are looking at other sources for funds.

Investment inflows into the property sector has surged, especially credit from banks, said Nguyen Tran Nam, former Deputy Minister of Construction and Chairman of the Vietnam Real Estate Association.

Bank credit growth so far this year stands at 7 percent year-on-year, outstripping deposit growth, which is only 5 percent, Dau Tu Chung Khoan newspaper reported.