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Vietnam Targets Deeper Capital Markets to Ease Pressure on Banks

Hanoi, 29 July 2026 – Vietnam is seeking to mobilise roughly US$76 billion a year through capital markets as policymakers try to finance rapid growth without placing an unsustainable burden on the banking system.

The ambition reflects a structural funding problem. Banks remain the dominant source of capital for companies and projects, yet deposits have not always kept pace with credit growth. Long-term infrastructure and industrial investment is therefore being financed through institutions whose liabilities are generally shorter term.

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