Hanoi, July 8 -- Vietnam's total credit outstanding surpassed 17.2 quadrillion VND (approximately 658.31 billion USD) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.

This robust expansion signals a strong recovery in lending activities, particularly in production and business sectors, and industries that the Government prioritises, according to Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha.

Speaking at a press conference on the banking sector's six-month performance on July 8, Ha noted that credit growth is aligned with the structure of the economy, meeting the capital needs of individuals and businesses.

As of the end of May, ...