Big5 control over 56% of total lending

As of December 31, 2025, total customer loans at 30 domestic commercial banks, excluding SCB and four banks under compulsory transfer, rose 19% from the beginning of the year to around VND15.8 quadrillion (US$620 billion), according to parent bank financial statements.

The five largest banks - BIDV, Agribank, VietinBank, Vietcombank and MB - each recorded loan balances exceeding VND1 quadrillion (US$39 billion). These figures exclude provisions for credit risk already set aside.

Combined, the Big5 posted total outstanding loans of nearly VND8.9 quadrillion (US$350 billion), accounting for about 56.3% of lending market share among the 30 banks.

BIDV led the system with customer loans of nearly VND2.3 quadrillion (US$90 billion), up 15.72% compared to the start of 2025.

Agribank and VietinBank, with credit growth rates of 14.8% and 16.07% respectively, each reported lending close to VND2 quadrillion (approximately US$78 billion).

Vietcombank’s total outstanding loans as of December 31, 2025 reached VND1.63 quadrillion (US$64 billion), up 16.05% year-on-year.

With credit growth of 40%, Military Bank (MB) for the first time recorded customer loans surpassing VND1 quadrillion (US$39 billion), reaching VND1.02 quadrillion.

Private banks expand aggressively

Among private lenders, VPBank led with outstanding loans of VND833 trillion (US$33 billion), up 36.63% from the beginning of the year.

Techcombank achieved credit growth of over 19%, with total lending exceeding VND713 trillion (US$28 billion).

ACB reported customer loans of more than VND660 trillion (US$26 billion), up 17.28%.

Sacombank and SHB remained among market leaders, with outstanding loans of VND593 trillion (US$23 billion) and VND592 trillion (US$23 billion), respectively.

HDBank also exceeded VND500 trillion (US$20 billion) in lending, reaching VND518 trillion, up 23.57%.

Support measures and policy programs

According to reports from regional branches of the State Bank of Vietnam, by December 10, 2025, commercial banks had restructured repayment terms for 2,219 customers with total outstanding loans of around VND1,275 billion (US$50 million). Interest rates were reduced for more than 69,000 customers, covering outstanding loans of about VND18,685 billion (US$730 million).

Banks have also implemented preferential lending programs to support post-storm production recovery, disbursing around VND2,238 billion (US$88 million) to roughly 10,600 borrowers.

Deputy Governor Pham Thanh Ha said credit institutions actively disbursed funds under programs directed by the Government and the Prime Minister. The credit package for forestry and fisheries was expanded from VND15,000 billion (US$590 million) to VND185,000 billion (US$7.3 billion). Other programs include financing linked to high-quality, low-emission rice production and processing in the Mekong Delta.

Additional initiatives such as social housing loans, preferential loans for people under 35 to buy or rent social housing, a VND500,000 billion (approximately US$19.6 billion) credit program for enterprises investing in infrastructure and digital technology, and various policy credit schemes are being actively rolled out.

The State Bank of Vietnam expects system-wide credit growth in 2026 to reach around 15%, subject to adjustment depending on economic developments and practical conditions.

Tuan Nguyen