Therefore, recently, the information that the State Bank has loosened the credit growth "room" for some banks is considered a "boost" for the strong growth of the banking system in the last months of the year.
Fast credit growth
In the group of state-owned commercial banks, the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ) and the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) both recorded rapid growth in outstanding credit.
Accordingly, VietinBank 's growth rate reached 10% compared to the end of 2024, increasing the bank's outstanding debt by about VND 170,000 billion in the first half of 2025. As for Vietcombank, the total system credit reached VND 1.6 million billion, an increase of 11.1% (equivalent to an increase of VND 160,000 billion).
For joint stock commercial banks, at Ho Chi Minh City Development Joint Stock Commercial Bank, outstanding loans have exceeded VND517 trillion, up 18.2% compared to the beginning of the year and nearly twice the industry average (up 9.9%). HDBank 's credit is focused on priority areas such as infrastructure, production, consumption, which are the growth drivers of the economy with low risks. In particular, HDBank actively implements major programs according to the direction of the Government and the State Bank such as loans for social housing development and young customers to buy houses, credit packages for infrastructure and digital technology, value chains, loans for rural areas and high-tech agriculture, green credit, etc. In 2025, HDBank sets a credit growth target of 32%.
Meanwhile, Saigon - Hanoi Commercial Joint Stock Bank (SHB) achieved outstanding customer loans of VND594.5 trillion, up 14.4% compared to the beginning of the year and up sharply 28.9% over the same period.
Loc Phat Commercial Joint Stock Bank (LPBank) has positive business results with pre-tax profit reaching VND 6,164 billion. In the first 6 months of 2025 alone, the bank's total operating income reached VND 9,601 billion, of which non-interest income accounted for 27%, up 17.3% over the same period last year, reducing dependence on traditional credit activities. The scale of outstanding credit according to the latest data of this bank reached VND 368,727 billion, up 11.2% compared to the beginning of the year, this increase is significantly higher than the general growth rate of the whole industry; total assets increased by 16%, reaching VND 513,613 billion.
System profit forecast to increase by 13.8%
Other banks also recorded remarkable growth in the first months of the year. For example, Asia Commercial Joint Stock Bank (ACB) recorded pre-tax profit of VND6,100 billion in the second quarter, up 33% compared to the previous quarter, mainly due to a 68% increase in non-interest income and a 26% decrease in provision expenses. Accumulated for the first 6 months, ACB's pre-tax profit reached VND10,700 billion, up 2% compared to the same period. The return on equity (ROE) ratio continued to remain high at over 20%, while the cost-to-income ratio remained at 32%. Outstanding credit reached VND634,000 billion, up 9.1% compared to the beginning of the year, with a balanced structure between personal and corporate loans.
Meanwhile, VietABank Joint Stock Commercial Bank (VietABank) reported a profit of more than VND 714 billion, up 27% year-on-year and completing more than 55% of the annual profit plan. VietABank's total assets reached VND 133,952 billion, up VND 14,120 billion compared to the beginning of the year; outstanding loans reached VND 87,422 billion, up more than 9.39%; customer deposits reached VND 95,784 billion, up VND 5,495 billion compared to the end of 2024; the ratio of non-term deposits (CASA) increased by 29% compared to the end of 2024. Notably, VietABank's net service revenue for the first 6 months increased by 32.6% over the same period last year. Service activities were promoted through account service revenue, payment services and the bank's cooperation channels. Net profit from foreign exchange trading decreased by 6%, investment and trading securities segment recorded a loss...
Tien Phong Commercial Joint Stock Bank (TPBank) is one of the banks with strong growth rate, with total assets reaching nearly 428,600 billion VND by mid-2025, completing 95% of the annual plan and increasing by more than 18% over the same period last year. Credit growth was at 11.7%, focusing on the fields of retail, real estate and consumer finance. The bank's 6-month profit exceeded 4,100 billion VND. TPBank's strategy of promoting digital transformation helps the bank diversify its income sources, gradually reduce its dependence on credit revenue, significantly increase non-interest revenue, especially from digital financial services and value-added products...
Vietcap Securities Company forecasts that consolidated profit after tax of banks will increase by 13.8%; consolidated net interest income will increase by 12.1% thanks to strong credit growth; consolidated non-interest income will increase by 6.5% mainly due to increased recovery of bad debts that were written off when the real estate market recovered. Notably, operating expenses are well controlled to support profits. Operating expenses of the whole industry are expected to increase by only 7.6% as banks continue to strictly control the number of employees and labor costs through promoting digitalization. Along with that, provision expenses will increase by only 1.8% based on expectations that asset quality will stabilize and credit costs will gradually decrease from high levels in the period of 2023-2024.
The State Bank's leaders affirmed that in the coming time, the State Bank will continue to closely monitor domestic and international market developments, be ready to support liquidity to create conditions for credit institutions to provide credit capital for the economy, and promptly issue appropriate monetary policy management solutions.
Source: https://hanoimoi.vn/noi-room-cu-hich-cho-da-tang-truong-manh-711484.html
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