Vietnam - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Vietnam was 147.67 as of 2020. Its highest value over the past 28 years was 147.67 in 2020, while its lowest value was 13.66 in 1992.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1992 13.66
1993 16.53
1995 18.48
1996 18.67
1997 19.85
1998 20.12
1999 28.19
2000 35.26
2001 39.29
2002 43.13
2003 48.37
2004 58.72
2005 60.47
2006 65.36
2007 85.64
2008 82.87
2009 103.32
2010 114.72
2011 101.80
2012 94.83
2013 96.80
2014 100.30
2015 111.93
2016 123.81
2017 130.72
2018 133.14
2019 137.91
2020 147.67

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets