(VOVWORLD) -From the beginning of 2026, the State Bank of Vietnam issued a directive that this year's credit growth will focus on production and business sectors, industry, exports, and infrastructure investment to achieve this year's economic growth target of 10% or more.
The SBV has set a credit growth target of 15%, lower than the 19% growth target of 2025, aiming to create significant surplus value for the economy, creating real assets and boosting GDP growth. In addition, reducing credit demand also means that the Vietnamese economy will be more tightly controlled.
Pham Nhu Anh, General Director of Military Bank (MB), said, “We expect 2026 to be a breakthrough year for domestic and export consumer goods manufacturing businesses. Because issues regarding tariffs and foreign partners were basically resolved in 2025, production is continuing to recover and develop.”
The State Bank of Vietnam's 2026 credit trend survey shows that capital demand will continue to focus mainly on the industrial and construction sectors, followed by trade, services, personal consumption, green economy, and agriculture, forestry, and fisheries. These are considered to be sectors capable of creating sustainable added value, consistent with the medium and long-term economic development orientation.
“Banks will closely follow the guidance of the State Bank of Vietnam in managing monetary policy and will direct credit growth in a substantive way, promoting the development of the economy and supporting the country's credit growth target. We also aim to control quality, ensure safety and sustainable development alongside increasing recruitment,” according to Le Hoang Tung, Deputy General Director of Vietnam Foreign Trade Bank (Vietcombank).