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Vietnam Loan Market is Expected To Be Dominated By Business Loan Segment During the Forecast Period

Relaxation in overall lending standards and rising demand from business sector is expected to fuel the growth of the loan market across the country through 2028

According to TechSci Research report, “
Loan Market - Vietnam Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Vietnam loan market is anticipated to project robust growth during the forecast period owing to booming online loans, rising demand from small business sector, and rising internet penetration, and changing lifestyle.

Money borrowed from a bank or other financial organization is known as a loan. A loan is when one accepts money from a bank, a friend, or another financial institution with the promise to pay it back later, along with the principal and interest. Principal is the amount borrowed, while interest is the fee for taking out the loan. Due to the risk that lenders take when they grant customers a loan and their concern that you might not be able to return it, they must charge interest as a way to offset their losses. There are many kinds of loans, such as auto loans, student loans, and mortgages.

For the entire year of 2022, loans consumer durables are expected to witness the highest demand, owing to the rise in commercial loans, business loans, industry and construction. The least growth was anticipated for credit demand for agricultural, forestry, and fishery sectors.

The government is working on various initiatives to ease the loan limits for customers. For instance, Prime Minister Pham Minh Chinh directed the central bank and credit organizations to immediately raise loan limits for banks and businesses to boost economic growth, job creation and inflation control, the government website reported. Moreover, the State Bank of Vietnam, which currently limits the credit growth of the banking system to 14% and has said it does not plan to increase that this year, has raised quotas for some banks. Lending in the banking system grew 12% in 2022.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the Vietnam Loan Market ".

The Vietnam loan market is segmented on the basis of type, provider type, interest rate, tenure period, region, and competitional landscape.


Most loans fall into one of two categories: secured or unsecured. Secured loans necessitate the pledge of an asset, such as a car or house, as loan collateral in the event that the borrower defaults or fails to make loan payments. In this situation, the lender takes ownership of the asset. Unsecured loans are uncommon yet in demand. An unsecured loan is one where the lender is not permitted to demand repayment in the event that the borrower defaults.

Based on provider type, the market is further segmented into bank, non-banking financial companies, and others (fintech companies). A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. The bank might carry out lending activities directly or indirectly through capital markets. The financial firms known as nonbank financial companies (NBFCs), provide a range of banking services but without a banking license. On the other hand, any business that connects to or utilizes financial services via the internet, cloud services, mobile devices, or software technology is referred to as a fintech. Fintech company will grow at a faster rate in Vietnam due to numerous foreign credit platforms entering Vietnam.

Furthermore, based on interest rates, the market is segmented into fixed and floating. Based on tenure period, the market is segmented into less than 5 years, 5-10 years, 11-20 years, more than 20 years. On the basis of region, the market is divided into North, South, and Central.


Key market players in the Vietnam Loan Market include:

  • Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
  • Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)
  • Vietnam Technological and Commercial Joint Stock Bank (TECHCOMBANK)
  • Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
  • Military Commercial Joint Stock Bank (MB Bank)
  • Vietnam Bank for Agriculture and Rural Development (Agribank)
  • Asia Commercial Joint Stock Bank (ACB)
  • Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)
  • Tien Phong Commercial Joint Stock Bank (TPBank)
  • Vietnam International Bank (VIB)

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"Rising internet penetration, booming online loans and usage of chatbots with AI features is a significant trend expected to impact the growth over the forecasted period. Rising demand from business sector, increasing urbanization, and increasing focus toward loan sector by banks and NBFCs are the leading factors that will positively impact the Vietnam Loan Market. Due to the wide range of loans available online to meet the specific needs of customers and the growing popularity of the internet channel, the market is growing,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Vietnam Loan Market By Type (Secured Loan and Unsecured Loan), By Provider Type (Bank, Non-Banking Financial Companies and Others (Fintech Companies)), By Interest Rate (Fixed and Floating), By Tenure Period (Less than 5 Years, 5-10 Years, 11-20 Years, More than 20 Years), By Region, Competition, Forecast & Opportunities, 2028F, has evaluated the future growth potential of loan products and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Vietnam Loan Market.

Mr. Ken Mathews
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