Vietnam banking sector faces rising overdue debt and liquidity pressures

Vietnam banking sector overdue debt credit growth Net Interest Margin SME credit support

The Vietnamese banking sector is navigating a complex landscape in 2026, characterized by rising asset quality risks and significant shifts in profitability. VIS Rating reports that the industry-wide overdue debt ratio rose to 3.8% in the first half of 2026, up from 3.3% at the end of 2025. This increase is driven by repayment pressures on both retail customers—particularly in mortgage and household business loans—and corporate clients in sectors such as real estate, food, and agriculture.

Despite these risks, profitability remains resilient for many. In Q2 2026, the Net Interest Margin (NIM) for 27 listed banks rose to 3.15%, contributing to a 25% year-on-year increase in profit after tax attributable to shareholders. However, liquidity pressures are mounting as credit growth outpaces deposit growth, with the system-wide Loan-to-Deposit Ratio (LDR) hovering around 115%.

To support economic growth and small and medium-sized enterprises (SMEs), 12 commercial banks have committed approximately 408,000 billion VND to specialized credit programs. Major state-owned banks including Agribank, BIDV, Vietcombank, and VietinBank have officially registered, contributing a combined 220,000 billion VND to this initiative following directives from the State Bank of Vietnam.

Entities

Agribank · BIDV · Sacombank · State Bank of Vietnam · Techcombank · VIS Rating · VPBank · Vietcombank · Yuanta Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Agribank registered 70,000 billion VND for the credit support program. thoibaonganhang.vn
[○ 1 SOURCE] Total economic credit outstanding reached approximately 20.15 quadrillion VND as of July 29, 2026. www.vietnamplus.vn
[○ 1 SOURCE] Twelve commercial banks registered for a credit program totaling approximately 408,000 billion VND to support SMEs and economic growth. thoibaonganhang.vn
[○ 1 SOURCE] Profit after tax attributable to shareholders (PATMI) for 27 banks reached 88,000 billion VND in Q2 2026. congnghevadoisong.vn
[○ 1 SOURCE] The Net Interest Margin (NIM) for 27 banks rose to 3.15% in Q2 2026. congnghevadoisong.vn
[● 2 SOURCES] The industry-wide overdue debt ratio rose to 3.8% in H1 2026 from 3.3% at the end of 2025. anninhthudo.vn · thuonggiaonline.vn
[○ 1 SOURCE] The system-wide Loan-to-Deposit Ratio (LDR) remained around 115%. www.vietnamplus.vn
[○ 1 SOURCE] BIDV registered 50,000 billion VND for the credit support program. thoibaonganhang.vn