Vietnam records 3.93% credit growth in Q1

Lending interest rates decreased 0.4% compared to end-2024, the SBV said.

Vietnam recorded a credit growth of 3.93% year-on-year (YoY) in Q1 2025, higher than the 1.42% growth in Q1 2024, according to data from the State Bank of Vietnam (SBV).

This comes on the back of interest rates only rising by 0.08% in Q1, with lending interest rates continually decreasing by an additional 0.4% against end-2024.

The SBV had earlier convened a meeting to request the banks to reduce their interest rates.

The central bank also set a credit target of 16% for 2025.