Vietnam banking sector sees rising real estate collateral and interest rate shifts

Vietnam's banking sector is experiencing significant shifts in interest rates, asset growth, and collateralization. SCB, currently under special control by the State Bank of Vietnam, has notably increased its 13-month deposit interest rate from 3.9% to 8.7% per annum after two years of stability.

In the mortgage market, Vietcombank has launched a 20,000 billion VND credit package for real estate, offering interest rate reductions of up to 1% per year for home purchases in major cities like Hanoi and Ho Chi Minh City.

Data from the first half of 2026 shows that real estate collateral at 17 banks reached over 12 million billion VND, a 5.5% increase from the end of 2025. Agribank holds the largest share with over 3.58 million billion VND in real estate collateral, followed by Vietcombank at approximately 1.895 million billion VND. Other major holders include ACB and MB, both exceeding 1 trillion VND.

Overall banking assets in the system grew to approximately 22.6 million billion VND by the end of Q2 2026, a 20% increase compared to the same period last year. While total assets are rising, there is increasing divergence in profitability and capital efficiency among large, medium, and small commercial banks.