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2026.01.1204:07:15UTC+00Vietnam Lowers Credit Growth Target to 15% for 2026

Vietnam's central bank has announced a revised credit growth target for this year, reducing it to approximately 15%, as reported by Reuters over the weekend. This decision follows last year's rapid credit expansion of about 20%, which was endorsed by authorities as a means to bolster economic growth. However, this swift increase raised concerns among economists regarding potential asset price bubbles. Initially, the bank had planned for a 16% growth target for 2025 but raised it throughout the year. The adjusted target for the previous year was not disclosed. The central bank's projections serve as both a directive and a cap for lenders, with instructions to ensure stricter control over loans in high-risk sectors such as real estate.

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