Domestic credit to private sector by banks (% of GDP) in Vietnam
Vietnam: Domestic credit to private sector by banks (% of GDP) was 125.0% in 2022. ◆ Volatile
Domestic credit to private sector by banks in Vietnam, 1992–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Vietnam is 125.0%, measured in 2022. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 0.5% on the previous year and up 65.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Vietnam peaked at 125.0% in 2022 and was at its lowest, 13.7%, in 1992.
That places Vietnam 11th out of 187 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks (% of GDP) in Vietnam, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 13.7% | — |
| 1993 | 16.5% | +21.0% |
| 1995 | 18.5% | +11.8% |
| 1996 | 18.7% | +1.0% |
| 1997 | 19.8% | +6.3% |
| 1998 | 20.1% | +1.4% |
| 1999 | 28.2% | +40.1% |
| 2000 | 35.3% | +25.1% |
| 2001 | 39.3% | +11.4% |
| 2002 | 43.1% | +9.8% |
| 2003 | 48.4% | +12.2% |
| 2004 | 58.7% | +21.4% |
| 2005 | 60.5% | +3.0% |
| 2006 | 65.4% | +8.1% |
| 2007 | 85.6% | +31.0% |
| 2008 | 82.9% | -3.2% |
| 2009 | 103.3% | +24.7% |
| 2010 | 90.4% | -12.6% |
| 2011 | 79.9% | -11.5% |
| 2012 | 75.5% | -5.5% |
| 2013 | 77.6% | +2.7% |
| 2014 | 80.0% | +3.1% |
| 2015 | 90.4% | +13.0% |
| 2016 | 98.9% | +9.4% |
| 2017 | 104.0% | +5.2% |
| 2018 | 105.3% | +1.3% |
| 2019 | 108.0% | +2.6% |
| 2020 | 115.5% | +6.9% |
| 2021 | 124.3% | +7.6% |
| 2022 | 125.0% | +0.5% |
Vietnam compared with similar countries
- Vietnam's 125.0% is above the median for upper middle income countries, which is 39.8%, 3.1× the median. (55 countries reporting)
- Vietnam's 125.0% is above the median for East Asia & Pacific, which is 65.2%, 1.9× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.4% | 13.7% | 28.2% | 7 |
| 2000s | 62.2% | 35.3% | 103.3% | 10 |
| 2010s | 91.0% | 75.5% | 108.0% | 10 |
| 2020s | 121.6% | 115.5% | 125.0% | 3 |
Countries ranked near Vietnam
More financial sector data for Vietnam
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0001 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0001 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Vietnam?
- Domestic credit to private sector by banks in Vietnam was 125.0% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Vietnam?
- The highest recorded value was 125.0% in 2022.
- What is the lowest domestic credit to private sector by banks recorded in Vietnam?
- The lowest recorded value was 13.7% in 1992.
- How does Vietnam rank for domestic credit to private sector by banks?
- Vietnam ranks 11th out of 187 countries with data for 2022.
- Is domestic credit to private sector by banks rising or falling in Vietnam?
- Over the last ten years it is up 65.4%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.