Prime Minister Pham Minh Chinh instructed the banking sector to continue contributing to keep the macro-economy stable, curb inflation, and promote double-digit growth in 2026 while addressing the State Bank of Vietnam (SBV)’s conference held in Hanoi on December 31 to review its performance in 2026 and launch this year’s tasks.
He directed the central bank to manage credit growth limits in an appropriate manner; control risks in line with international practices and market-based instruments; implement solutions to ensure safe and effective credit growth; ensure the safety of the monetary, credit and banking system; and promote the development of science and technology, innovation and national digital transformation both in banking operations and credit activities.
He praised achievements of the banking sector in 2025, particularly in effectively advising the Government on handling weak banks in a systematic and efficient manner; enhancing monetary security and transaction safety; and making significant progress in restructuring credit institutions and handling bad debts.
By the end of September 2025, total assets of the banking system had exceeded VND25.8 quadrillion ($980 billion), up 84.4% compared to the end of 2020.
Total outstanding credits reached nearly VND18.41 quadrillion ($700 billion) as of December 24, 2025, surging 17.87% compared to the end of 2024.
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