Viet Nam Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Viet Nam's credit to gdp was 143.43% in 2025, ranked 7th globally. This represents a 14.8% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Viet Nam's credit to gdp stood at 143.43% in 2025, a rise of +18.47% from 2022. Based on recent trends, this figure is projected to reach 143.43% by 2025. Viet Nam ranked 7th globally.
Vietnam’s credit‑to‑GDP ratio has risen dramatically over the 31‑year series, climbing from a trough of 13.66 in 1992 to an all‑time peak of 143.43 in 2025, which places the country seventh globally. The acceleration accelerated after the early 2000s as financial deepening policies expanded bank lending and non‑bank financing, pushing the ratio above 100 in the late 2010s and reaching the 2025 level that now exceeds that of Thailand (146.29) and Cambodia (137.68) while still lagging behind Korea’s 164.70. The steep increase reflects both robust economic growth and a shift toward higher private sector leverage, supported by reforms that broadened access to credit for SMEs and households. While the expansion has underpinned investment‑driven growth, it also raises concerns about debt sustainability if external shocks or credit tightening occur. Continued moderation of credit growth, coupled with stronger regulatory oversight, will be essential to keep the upward trajectory on a sustainable path.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 143.43% | - | - |
| 2025 | 143.43% | +18.47% | #7 |
| 2022 | 124.96% | +0.68% | #145 |
| 2021 | 124.28% | +8.76% | #149 |
| 2020 | 115.53% | +7.49% | #149 |
| 2019 | 108.03% | +2.76% | #155 |
| 2018 | 105.28% | +1.30% | #153 |
| 2017 | 103.97% | +5.11% | #153 |
| 2016 | 98.86% | +8.46% | #152 |
| 2015 | 90.40% | +10.40% | #147 |
| 2014 | 80.00% | +2.44% | #141 |
| 2013 | 77.56% | +2.01% | #140 |
| 2012 | 75.55% | −4.39% | #135 |
| 2011 | 79.94% | −10.41% | #133 |
| 2010 | 90.35% | −12.97% | #139 |
| 2009 | 103.32% | +20.45% | #144 |
Detected Pattern
Analysis
Viet Nam matched the Export Boom Cycle pattern in 2020. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Viet Nam's credit to gdp was 143.43% in 2025. Ranked 7th globally. This represents a 14.8% increase from the previous year.
Viet Nam's credit to gdp peaked at 143.43% in 2025.
The lowest credit to gdp in Viet Nam was 13.66% in 1992.
Viet Nam ranks 7th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Viet Nam's credit to gdp is projected to reach 143.43% by 2025 based on trend extrapolation.
The credit to gdp of Viet Nam in 2025 was 143.43%. This ranks 7th in the world.
Cite this page
@misc{historysaid_viet-nam_credit-to-gdp,
title = {Viet Nam Credit to GDP},
url = {https://historysaid.com/viet-nam/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}