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By the end of March 2026, outstanding consumer credit in Ho Chi Minh City and Dong Nai reached 1,610.2 trillion VND, accounting for 27% of total outstanding credit and up 4% from the end of 2025.
According to Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Regional Branch 2, the growth rate is relatively high—higher than overall credit growth in the region—and it accounts for about 50% of the country’s total consumer credit.
He attributed the performance to several factors.
The economy continues to grow, positively affecting private consumption and households’ demand for consumer credit. In the early months of 2026, credit expanded for purchasing household goods and appliances; buying or financing vehicles through hire-purchase; and meeting education, medical, travel, culture and sports, and daily living needs. Overdrafts and credit cards also grew at a strong pace.
By the end of March 2026, credit for these needs reached 652.4 trillion VND, representing 40.5% of total consumer credit and up 6.4% from end-2025—faster than both overall consumer credit growth and the broader economic growth. Within this, the share of credit for purchasing household goods and appliances (19% of total consumer credit) increased 8.31% from end-2025.
Service quality has improved as modern banking technology is applied to consumer lending. Electronic lending methods have expanded, and overdraft services have become more convenient, helping individuals and households access consumer credit.
Specifically, consumer lending via overdraft on individuals’ payment accounts reached over 11 trillion VND. While this represents a small share of total consumer lending (0.7%), it still maintained robust growth—up 1.42% from year-end and up 42.7% year-on-year.
The convenience of consumer lending services enabled by technology, along with flexibility in cross-service usage, benefits customers by saving transaction time and shortening appraisal and disbursement periods. These factors are expected to continue supporting consumer credit growth and further shift lending methods toward digitization.
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