Vietnam’s credit boom fuels asset prices, trickles to ‘crypto’

Vietnam has recorded a 16% credit growth as of the first nine months of 2025, with the central bank expecting it to hit 20% by the end of the year. According to the country’s central bank, this rapid expansion will fuel asset prices, with Deputy Governor Pham Thanh Ha expecting the liquidity to flow into the digital asset sector.

Vietnam’s total outstanding loans stood at $671 billion in the first nine months, 4% higher than the same period the year prior. The State Bank of…

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