Viet Nam M2 Money Supply Growth

Vietnam’s M2 money‑supply growth has slowed dramatically over the 29‑year series, falling from a high of 66.45% in 1999 to a trough of 2.07% in 2025, the lowest rate among 101 economies and the most recent figure recorded by the World Bank. The early 2000s saw a gradual deceleration after the post‑Asian‑financial‑crisis surge, but the plunge to 2.07% marks a historic low that places Vietnam just above Uruguay’s 1.67% and below Israel’s 2.30% in the current ranking. The sharp contraction reflects tighter monetary policy, subdued credit expansion and a shift toward fiscal consolidation as the country moves from rapid export‑led growth to a more mature, service‑oriented economy. If inflation pressures remain muted and the banking sector sustains low non‑performing loans, the modest growth path is likely to persist, though any resurgence in domestic demand or external financing could lift the trajectory in the medium term.