Vietnam Bank Credit Growth Caps Set to be Removed from 2026

Vietnam’s Prime Minister Pham Minh Chinh has instructed the State Bank of Vietnam to develop a roadmap to remove Vietnam bank credit growth caps from 2026, replacing the administrative quota with a market-based mechanism. The plan will establish clear criteria to identify financially sound and well-governed banks that meet safety indicators, alongside strict oversight to manage systemic risks and maintain inflation control. Introduced in 2011 to curb hyperinflation, the quota limits each bank’s annual lending growth but has faced criticism for restricting credit access. The government may initially allow 15–20 top banks to lend without caps, while others will remain subject to limits.