According to a new report by UnivDatos, The Vietnam Loan Market is expected to reach USD Billion in 2033 by growing at a CAGR of 13.50% during the forecast period (2025-2033F). The loan market in Vietnam is driven by increasing disposable income, urbanization, and consumer demand for housing and personal credit. Furthermore, the high digitalization in the banking sector and the government's efforts to integrate financial services are enhancing credit permeability. Market adoption is also boosted by the increasing demand for working capital by SMEs and their simple access to microfinance solutions. On July 23, 2025, the Governor of the State Bank of Vietnam (SBV) signed and issued Decision No. 1866/QD-NHNN on promulgating the Action Plan of the Banking sector to implement the Strategy for Science, Technology, and Innovation Development to 2030.
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Driver: Expanding Small and Medium-Sized Enterprises Sector
The Small and Medium Enterprises (SMEs) constitute more than 95% of Vietnamese businesses and contribute immensely to employment and GDP. Nevertheless, these businesses are facing great challenges regarding accessibility to affordable financing. SMEs often find it challenging to access timely loans, as traditional banks typically favor using collateral and lengthy credit assessment procedures.
This situation has created an essential opportunity for non-banking financial companies (NBFCs) as well as fintech lenders. The digital platforms also provide a quick turnaround in loan processing, reduced documentation, alternative credit scoring criteria such as transactional history, and virtual behavior. A government-sponsored lending and credit guarantee program is an additional means to boost lending to SMEs and make lending risk-free for financial institutions, thereby allowing businesses to expand. On April 26, 2024, the Government of Vietnam issued Decree 45/2024/NĐ-CP, which amends Decree 39/2019/NĐ-CP of May 10, 2019, on the organization and operation of the country’s Small and Medium-Sized Enterprise Development Fund (SME Fund). The aim of the new decree is to generate broader economic benefits under the SME Fund.
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According to the report, the impact of the Loan has been identified as high in the Northern Vietnam region. Some of how this impact has been felt include:
Northern Vietnam held a dominant share of the market in 2024 due to the presence of many government offices, corporate headquarters, and industrial clusters in the northern provinces. Also, secured loans, particularly mortgages and business credit, have a strong adoption rate in high-income households and well-developed banking infrastructure. Therefore, sustainable economic development and an increase in real estate investments provide the territory with steady demand for financing options. Moreover, companies that enter this province get profit from a developed customer base and opportunities in housing and SME finance. On May 22, 2025, Vietnamese financial services firm F88, headquartered in Hanoi, secured a USD 30 million loan from London-based investment platform Lendable, DealStreetAsia has learned. This is reportedly the largest single financing deal Lendable has extended to a Vietnamese company to date.
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