Ho Chi Minh City credit reaches nearly 5.3 quadrillion dong by end-March, up 1.5%

Credit in Ho Chi Minh City by the end of March 2026 is estimated at nearly 5.3 quadrillion dong, up 1.5%. As of end-March 2026, total mobilization in the city stood at about 5.26 quadrillion dong, up 0.1% from the start of the year. Outstanding credit is estimated at 5.28 quadrillion dong, up 1.5%.

Deposits and credit growth

The State Bank of Vietnam’s Ho Chi Minh City Region Branch said total deposits of credit institutions in the city as of 31/03/2026 were about 5.267 quadrillion dong. This was up 0.46% from the previous month and up 0.1% from end-2025, and up 13.92% year-on-year.

By end-March 2026, deposits are forecast to rise 0.1% from end-2025. Deposits in VND continue to account for the majority (89.9%) and rose 1.14% from end-2025. Savings deposits maintained stable growth, up 3.08% from year-end. Savings deposits and demand deposits accounted for nearly 90% of total mobilized funding.

Meanwhile, total outstanding credit of credit institutions in the city as of 31/03/2026 stood at 5.286 quadrillion dong. This was up 0.77% month-on-month, up 1.5% from end-2025, and up 16.25% versus the same period in 2025. Credit in VND accounts for 96.1% of total credit and continues to grow (up 1.46% from end-2025). Medium- and long-term credit accounts for 55% of total credit and rose 3.22% from the previous year-end.

Credit allocation to priority sectors

The banking sector in Ho Chi Minh City continues to provide credit to production and business, supporting enterprises and promoting growth in the local economy. Credit for priority sectors, including outstanding balances for five prioritized sectors, is reported as follows:

• Loans for agricultural development and rural areas: 576,000 billion dong
• Export loans: 157,000 billion dong
• Loans for small and medium enterprises: 1,224 trillion dong
• Loans for supporting industries: 64,500 billion dong
• Loans to high-tech enterprises: 3,100 billion dong

Social housing and related programs

Under the social housing loan program, worker housing, and projects to refurbish and renovate aging apartment buildings under Government Resolution 33/NQ-CP dated 11/3/2023, Ho Chi Minh City has 16 approved projects. Of these, 4 projects and 5 customers have been disbursed under this credit package.

In addition, the city’s banks have disbursed loans for social housing projects outside the city: 3 projects and 7 customers.

Industrial zone enterprises and market stabilization

For loans to enterprises in industrial zones, the outstanding balance is 305,000 billion dong, up 3.24% from end-2025.

For the market stabilization program, cumulative lending since the start of 2026 is nearly 3,807 billion dong. Short-term outstanding debt is 4,393 billion dong, with no mid- or long-term debt. The program has 37 participating enterprises.

Bank-enterprise credit package

To date, 19 domestic bank brands have registered for the 2026 bank-enterprise credit package in Zone 2, with total funds exceeding 591 trillion dong, up 14.44% compared with the previous year’s package.

SBV guidance for April implementation

For April tasks, Ms. Tran Thi Ngoc Lien, Deputy Director of the SBV Ho Chi Minh City Branch, said the branch will continue monitoring credit programs as directed by the State Bank of Vietnam. It will lead, advise, assist, and remove obstacles for businesses in the banking sector.

The branch will closely monitor exchange rate movements, gold prices, and the forex market, and manage gold trading to promptly report and propose measures to ensure stability in the forex and gold markets in line with SBV direction.

It will also conduct inspections of credit institutions according to the issued plan, coordinate to handle administrative violations and related matters, and continue customer service work, including handling complaints and petitions.

Measures for credit institutions

Credit institutions are instructed to implement measures to boost credit growth with safety and efficiency, focusing on allocating funds to production, prioritized sectors, and drivers of growth, while controlling credit in high-risk sectors.

They are also required to implement price stability in line with the central bank’s operating direction, continue publishing information on lending rates and any favorable credit programs to help customers access information, and support enterprises in accessing credit and banking services by reviewing lending procedures to simplify processes, improve transparency, and facilitate capital access.