Vietnam targets economic growth through improved credit and infrastructure funding

credit access SME financing infrastructure investment banking sector economic growth

Vietnam is focusing on enhancing economic growth and financial stability through improved credit access and infrastructure investment. At the Techcombank Investment Summit 2026, Deputy Governor of the State Bank of Vietnam, Nguyen Ngoc Canh, emphasized the need to mobilize long-term international capital and private resources to support large-scale infrastructure projects in transport, energy, and digital sectors.

To support small and medium enterprises (SMEs), preferential credit programs have expanded, with over 407 trillion VND in available funds from 19 banks. However, challenges remain in bridging the gap between capital supply and demand, as many SMEs struggle with collateral requirements and financial transparency. Experts suggest shifting credit assessments toward cash flow and future value rather than just physical assets.

In the legal and regulatory sphere, the Government has directed the Ministry of Construction to clarify regulations regarding the service life of apartment buildings, aligning them with construction lifespan standards. Additionally, efforts are underway to modernize the banking system, with a goal of having at least 300,000 SMEs with bank debt by 2030. Meanwhile, the banking sector continues to see significant contributions, such as VPBank contributing $1.2 billion to the state budget between 2021 and 2025.

Entities

Government of Vietnam · Ministry of Finance · Nguyen Ngoc Canh · Nguyen Van Thang · Pham Duc An · Small and Medium Enterprises Association of Vietnam · State Bank of Vietnam · Techcombank · VPBank · Vietnam · small and medium enterprises

Claims

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

[○ 1 SOURCE] Credit for SMEs reached over 4.1 quadrillion VND as of August 28, 2026. phunuvietnam.vn
[○ 1 SOURCE] The plan targets at least 300,000 SMEs having credit debt by 2030.
[● 2 SOURCES] The State Bank of Vietnam is tasked with refining the legal framework for credit and banking activities.
[● 3 SOURCES] Lending methods will shift toward cash flow, payment data, and supply chains rather than relying solely on collateral. doanhnghiephoinhap.vn · phunuvietnam.vn
[○ 1 SOURCE] Preferential credit programs for SMEs have reached a scale of over 407 trillion VND across 19 banks. phunuvietnam.vn
[● 4 SOURCES] Deputy Prime Minister Nguyen Van Thang signed Decision 1809/QD-TTg on September 18, 2026.
[○ 1 SOURCE] The scheme includes goals for at least three state-owned commercial banks to be among Asia's top 100 by total assets by 2030.
[● 4 SOURCES] The scheme aims to modernize the banking system and increase capital access for small and medium enterprises (SMEs).