Vietnam's soaring margin debt and bank credit spur financial‑market risk

Experts warn that margin debt at Vietnamese securities firms surged from about 125,000 billion VND at the end of Q1 2023 to roughly 445,000 billion VND by the end of Q2 2026, a rise of more than 3.5 times, heightening the risk that highly leveraged investors could face sharp market reversals. They also highlight growing cyber‑security, data‑protection and financial‑crime vulnerabilities.

Meanwhile, many homebuyers are confronting higher borrowing costs as promotional mortgage rates expire. A Hanoi couple saw their monthly payment climb from around 8.3 million VND to nearly 11.7 million VND when their rate shifted from 5.8 % to 10.75 %, and leveraged property investors face similar pressures.

The banking sector supplied an additional 1.46 million billion VND of credit in the first half of 2026, supporting production and helping push GDP growth to 8.18 %, the strongest since 2011. Authorities are directing credit to priority sectors and simplifying procedures.

To contain inflation, the Ministry of Finance is developing price‑administration scenarios for the second half of 2026, targeting inflation between 4.5 % and 5.5 % while maintaining macro‑economic stability.

Investment activity remains robust: the Vân Phong Economic Zone received seven new projects worth over 5,562 billion VND, focusing on shipbuilding, logistics and port infrastructure, and developers such as Hodeco Hub are promoting the Vinhomes Green Paradise Cần Giờ project, emphasizing forthcoming infrastructure like the Vũng Tàu‑Cần Giờ sea bridge.