As of June 30, 2025, total loans to customers across 29 banks with published financial statements reached 14.765 quadrillion VND (about 584.3 billion USD), up 10.17% from the start of the year. This figure excludes the four banks under mandatory transfer (GPBank, MBV, VCBNeo, Vikki Bank) and BaoViet Bank.

NCB and VPBank recorded the highest loan growth, at 22% and 20.76% respectively. Several others achieved growth above 13%, including HDBank (18.6%), ABBank (16%), SHB (14.75%), Nam A Bank (14.74%), TPBank (13.79%), and MSB (13.64%).

Saigonbank was the only lender to post a credit decline, with loan balances dropping 7.21% to 20.261 trillion VND (about 801 million USD), also making it the smallest bank in both mobilized capital and lending scale.

The “Big 4” still rule the market

The four largest state-owned commercial banks continued to dominate, accounting for 50% of total loans in the 29-bank group. BIDV led with 2.135 quadrillion VND (84.46 billion USD) in outstanding loans, up 6.02% and representing 14% of the sector. VietinBank followed with 1.884 quadrillion VND (74.46 billion USD), up 10.26% and holding a 12.76% market share – the highest growth in the Big 4.

Agribank ranked third with 1.851 quadrillion VND (73.15 billion USD), up 7.64% and accounting for 12.54% of the market. Vietcombank came fourth with 1.54 quadrillion VND (60.8 billion USD), up 7.34% and holding a 10.44% share.

No private bank reached the 1 quadrillion VND mark. The leaders in the private sector were MB (830.744 trillion VND – 32.78 billion USD), VPBank (749.625 trillion VND – 29.56 billion USD), Techcombank (676.5 trillion VND – 26.69 billion USD), ACB (620 trillion VND – 24.47 billion USD), and SHB (581 trillion VND – 22.95 billion USD).

While NCB topped the system in loan growth rate, its loan balance was still modest at 86.834 trillion VND (3.43 billion USD), placing it among six banks with loans under 100 trillion VND, alongside Viet A Bank, BVBank, KienlongBank, PGBank, and Saigonbank.

Tuan Nguyen