Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam spoke at a seminar on “40 years of Doi Moi: The leading role of economic conglomerates”, setting out the banking sector’s role in financing domestic corporate groups and reporting the system’s latest size and credit metrics. He said Vietnam’s banking system comprised 127 credit institutions as of 31 December 2025, with total assets of nearly VND 28.9 quadrillion, up about 22% from end-2024, and funding mobilisation up 15.42%. Economy-wide credit outstanding was about VND 18.6 quadrillion, up 19.07% from end-2024 and equivalent to 144% of GDP, with lending to domestic enterprises representing around 48% of total credit and lending to conglomerates and general corporations around 7%. The remarks also pointed to ongoing legal and regulatory updates for monetary and banking activities, continued technology adoption and digital transformation across the sector, and the intention to run monetary, credit and foreign exchange policy flexibly to support macroeconomic stability and credit provision.
State Bank of Vietnam 2026-04-13
State Bank of Vietnam deputy governor highlights banking sector support for economic conglomerates and cites VND 28.9 quadrillion in assets at end-2025
The State Bank of Vietnam’s Deputy Governor Nguyen Ngoc Canh outlined the banking sector’s role in financing domestic corporate groups and reported that, as of 31 December 2025, the system comprised 127 credit institutions with total assets of nearly VND 28.9 quadrillion, up about 22% year-on-year. Economy-wide credit outstanding reached about VND 18.6 quadrillion, or 144% of GDP, with lending to domestic enterprises accounting for around 48% of total credit and lending to conglomerates and general corporations around 7%. He also highlighted legal and regulatory updates, digital transformation, and a commitment to flexible monetary, credit and foreign exchange policy to support macroeconomic stability.