Vietnam tourism growth boosts banking and monetary policy

The growth of Vietnam’s tourism industry is positively impacting the banking sector and enhancing the effectiveness of monetary policy. Following the COVID-19 pandemic, the sector has seen impressive growth, contributing to broader economic development and promoting the country’s image as a safe and favorable investment environment.

In terms of banking, tourism development is driving consumer credit growth. In Ho Chi Minh City alone, credit outstanding for the tourism sector (accommodation and food services) reached 78.7 trillion VND in the first seven months of 2026, representing a 10.5% increase from the end of the previous year. Additionally, consumer credit for purposes such as travel, culture, and sports grew by over 18% during the same period.

Furthermore, the industry is accelerating the expansion of banking services and cashless payments. The increasing number of tourists has led to wider adoption of digital payment methods, including ATM cards, QR codes, e-wallets, and mobile banking, across various destinations.