POLICY BOOST URGED AS FINANCIAL LEASING HITS VNĐ40.7 TRILLION IN Q1

Financial leasing reached VNĐ40.7 trillion (US$1.6 billion) by Q1, up 8.4 per cent year-on-year, calling for measures to boost its role in the economy.

Financial leasing reached nearly VNĐ40.7 trillion (US$1.6 billion) by the end of Q1, representing an increase of 8.4 per cent year-on-year. — Photo baochinhphu.vn

HÀ NỘI — Financial leasing reached nearly VNĐ40.7 trillion (US$1.6 billion) at the end of the first quarter of this year, representing an increase of 8.4 per cent year-on-year, Vietnam Financial Leasing Association (VFLE) said, urging solutions to promote the role of financial leasing in the economy.

The increase came amid a complicated global landscape, with geopolitical pressures and spiralling trade tensions, but with a robust domestic market with a solid GDP growth of 6.93 per cent in the quarter, supported by strong public investment and a trade surplus of $5 billion.

However, the total outstanding lease balance was flat compared to the end of 2024, due to the impact of rising bad debts, the association said.

Financial leasing was sound in several categories, such as for cars, up 26.4 per cent to VNĐ8.5 trillion, ships up 79.44 per cent and medical equipment up 50 per cent.

Working capital loans expanded by over 40 per cent to VNĐ30 billion, thanks to regulatory easing.

The association has set the goal of expanding total leasing outstanding to VNĐ300-500 trillion over the next five years, in line with the Politburo’s Resolution 68 on private sector development, which represents an annual growth rate of 60-70 per cent.

To achieve this goal, the focus should be on increasing long-term financing, especially for small- and medium–sized enterprises (SMEs) in production technology renovation and digital transformation, the association’s General Secretary Phạm Xuân Hòe, said.

The focus should also be on green finance with the integration of environment – social – governance (ESG) criteria, he said.

It was necessary to diversify funding sources from banks, international partners, bond issuance to improve lending capacity, he added.

Hòe called for the development of a financial leasing law within the next 3-5 years, to create a solid legal framework for the sector. — VNS

Source: VNS

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026