The State Bank of Vietnam held a roundtable on the banking sector’s role in supporting economic growth, chaired by Deputy Governor Pham Thanh Ha. In opening remarks and presentations, State Bank of Vietnam officials framed the discussion around how banks can mobilize and allocate capital more effectively, improve access to finance and expand credit while preserving credit quality, controlling non-performing loans and maintaining system safety. They said monetary policy in 2026 would be run proactively and flexibly, with close coordination with fiscal and other macroeconomic policies, against a backdrop of a parliamentary target for gross domestic product growth of 10 percent or more and average consumer price inflation of about 4.5 percent. At the event, State Bank of Vietnam officials said total outstanding credit in the banking system had risen to more than VND 19.4 quadrillion as of 28 April 2026, up 4.42 percent from end-2025 and 18.26 percent year on year. Policy credit outstanding was reported at VND 437.7 trillion, supporting more than 6.7 million poor households and other policy beneficiaries with outstanding loans. Speakers also highlighted constraints including external supply disruptions, global monetary and market volatility, limited policy space, Vietnam’s reliance on bank credit and bottlenecks in programmes such as social housing. Recommendations from the roundtable are intended to inform further refinement of policy mechanisms to improve capital transmission and access to finance, with credit directed toward production and other high-growth sectors.
State Bank of Vietnam 2026-05-08
State Bank of Vietnam holds growth roundtable as officials outline proactive monetary policy and report credit above VND 19.4 quadrillion
The State Bank of Vietnam held a roundtable on the banking sector’s role in supporting economic growth, outlining plans to run monetary policy in 2026 proactively and flexibly in coordination with fiscal and other macroeconomic policies. Officials reported total outstanding credit of more than VND 19.4 quadrillion as of 28 April 2026, up 4.42 percent from end-2025 and 18.26 percent year on year, including VND 437.7 trillion in policy credit supporting over 6.7 million poor households and other beneficiaries. The discussion is intended to refine policy mechanisms to improve capital transmission and access to finance, with credit directed toward production and other high-growth sectors.