As of June 30, economic credit reached over VND 17.2 million billion, up 9.9% compared to the end of 2024, up 19.4% compared to the same period in 2024. This is the highest growth rate since 2022.
The average lending rate (applied to new loans) has decreased by 0.64%%/year compared to the end of 2024. The current average lending rate is 6.24%/year.
Credit structure shifted in a positive direction, in which agricultural and rural credit increased by 5.31%, accounting for 23.16% of total outstanding loans; credit for small and medium enterprises increased by 5.71%, accounting for 17.51%; export credit increased by 2.91%; supporting industry increased by 15.69%.
Notably, credit for high-tech enterprises increased sharply by 17.59%, reflecting the right direction in economic restructuring.
Chairman of the Board of Directors of the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ) Nguyen Thanh Tung said that as of the end of June, the bank's assets were estimated at more than VND 2.1 million billion, an increase of 1.8% compared to the end of 2024.
Total outstanding credit balance for the economy after supporting VCBNeo Digital Bank increased by more than 5% compared to the end of 2024. The bad debt ratio was controlled at under 1%, the lowest among large-scale credit institutions. The bad debt coverage ratio was about 219%, the highest in the banking system. Off-balance sheet debt collection reached approximately VND 1,900 billion, an increase of 38% over the same period in 2024.
Vietcombank's credit growth in the first half of 2025 could reach 13% year-on-year thanks to increased lending to infrastructure projects. With this result, Vietcombank continues to hold the No. 1 position in the market in terms of capitalization and profit.
Also in the “Big 4” group, the Vietnam Bank for Agriculture and Rural Development (Agribank), as of June 30, reached a mobilized capital of VND 2.1 million billion, an increase of 6.4% compared to the beginning of the year, the highest since 2021; of which residential deposits account for a large proportion.
Agribank's outstanding loans to the economy reached over VND 1.85 million billion, up 7.6% compared to the beginning of the year, higher than the same period in 2024. Of which, outstanding loans to agriculture and rural areas reached over VND 1.13 million billion, accounting for over 61% of total outstanding loans.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) achieved a credit balance increase of about 10% compared to the end of 2024; mobilized capital increased by more than 9%. The bank's profit before risk provisions continued to increase compared to the same period in 2024, reaching VND 28,826 billion.
Other banks, although not yet officially announced their business results for the first 6 months of the year, according to surveys, are also quite positive. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has a pre-tax profit forecast for the second quarter of 7,850 billion VND, up 0.3% over the same period and up 8.5% over the previous quarter. Credit in the first half of the year increased sharply, reaching 9.2%.
Experts from Saigon Securities Inc. (SSI) estimate that the profits of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Commercial Joint Stock Bank (VIB), Military Commercial Joint Stock Bank (MB) and Orient Commercial Joint Stock Bank (OCB) are all at high levels. Sacombank could reach VND4,500 billion, up 67% year-on-year and 24% quarter-on-quarter. MB could achieve pre-tax profit of about VND8,600 billion, up 13% year-on-year, thanks to positive credit (up 10% cumulatively since the beginning of the year).
Deputy Governor of the State Bank Pham Thanh Ha said that in the last 6 months of the year, the State Bank will continue to synchronously manage credit solutions in accordance with macroeconomic developments, inflation, as well as the economy's capital absorption capacity; at the same time, deploy solutions to remove difficulties, creating favorable conditions for people and businesses to access bank credit.
Source: https://hanoimoi.vn/ngan-hang-dat-loi-nhuan-cao-trong-6-thang-dau-nam-708681.html
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