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Tougher for Vietnam’s SBV to hit 10% economic growth in 2026: Official
The government has said Vietnam is on track to reach this year’s economic growth target of more than 8 per cent and plans to target 10 per cent growth next year.
“Since the beginning of 2025, complicated and unpredictable developments of the global markets, such as the Fed’s [US Federal Reserve’s] unpredictable monetary policy and the tariff policy of the US government, have been affecting the economy, the foreign exchange market and exchange rates,” Quang was quoted by domestic media reports as telling a recent press conference.
Tariffs and monetary policies abroad will make it tougher for Vietnam’s central bank to get its policy settings right and achieve an economic growth target of more than 10 per cent next year, Pham Chi Quang, head of bank’s monetary policy department, said.
The total outstanding credit to the Vietnamese economy exceeded $670 billion as of December 24—up by 17.87 per cent YoY.
The total outstanding credit to the Vietnamese economy exceeded 18.4 quadrillion VND (~$670 billion) as of December 24, 2025—up by 17.87 per cent year on year (YoY), the State Bank of Vietnam’s (SBV) deputy governor Pham Thanh Ha announced.
From the beginning of the year, the central bank set an initial credit growth target of around 16 per cent for the banking system, while allowing for adjustments in line with actual economic conditions.
Credit flows were directed toward production and business activities, priority sectors and key growth drivers in line with directives from the government.
By the end of October 2025, outstanding loans to the manufacturing and processing industry made up 12.39 per cent of total credit, while wholesale and retail trade remained the largest recipient of credit, accounting for 22.24 per cent of total outstanding loans.
Fibre2Fashion News Desk (DS)