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Vietnam’s banking system posted 23.5 million trillion VND in total assets, a 20% YoY rise, with eight banks now above the 1 million trillion mark – see the
Vietnam’s banking sector recorded total assets of 23.5 million trillion VND at the end of 2025, a ~20% increase from the end of 2024 and the highest level ever reported【3】. The surge pushes eight commercial banks—BIDV, VietinBank, Vietcombank, Agribank, MB, VPBank, Techcombank and ACB—into the “million‑trillion” club, reshaping the competitive hierarchy.
| At a glance | |
|---|---|
| Total assets (2025) | 23.5 million trillion VND |
| YoY growth | +20% vs. 2024 |
| Banks > 1 million trillion | 8 (BIDV, VietinBank, Vietcombank, Agribank, MB, VPBank, Techcombank, ACB) |
| MB asset rise | +43% YoY, adding 461 thousand trillion VND |
The 2025 figures, compiled from the Q4 financial statements of 30 banks (excluding SCB and four transitional banks), show a jump of roughly 4 million trillion VND over the previous year【3】. BIDV leads with 3.26 million trillion VND, surpassing the 3 million trillion threshold for the first time and adding 556 thousand trillion VND in assets. MB follows, with assets now above 1.5 million trillion VND after a 43% YoY surge【3】. VPBank, Techcombank and ACB each crossed the 1 million trillion line for the first time, expanding by 33%, 20% and 18% respectively【3】.
The asset expansion coincides with the State Bank of Vietnam’s rollout of a 0 % special‑loan facility that does not require collateral, effective 1 May 2026【1】. While the policy targets liquidity within the banking system rather than direct consumer borrowing, it reduces funding costs for banks and their deposit‑insurance arms, potentially easing balance‑sheet pressures and supporting further asset accumulation. The broader trend of banks preferring real‑estate collateral—highlighted by the near 11 million trillion VND of property‑based guarantees across four state‑owned banks in 2025【2】—also underpins stable loan growth, given the legal clarity and low‑risk profile of real‑estate assets.
The rapid rise of MB, VPBank and Techcombank narrows the gap with the traditional “Big 4” (BIDV, VietinBank, Vietcombank, Agribank). MB’s 43% asset jump places it firmly behind the Big 4 but ahead of many peers, while VPBank’s 33% increase and Techcombank’s 20% rise signal a broader shift toward a more diversified top tier. Conversely, Saigonbank’s modest 6% asset growth keeps it at the bottom of the hierarchy, with total assets of just 36 thousand trillion VND【3】.
The record‑size balance sheets underscore a banking system that is both expanding and adapting to new liquidity tools. Whether the zero‑interest loan scheme sustains this momentum or introduces new risk dynamics will hinge on how banks manage collateral quality and loan‑purpose compliance in the coming quarters.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 30, 2026 · How we report
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