New growth drivers in Hung Yen - Bac Ninh

In the context that 2025 is identified as the "pivotal" year of the Socio-Economic Development Plan for the 2021-2025 period and also the first year of implementing the two-level local government model, Hung Yen and Bac Ninh continue to make a strong mark on economic resilience. Along with the management of local governments, the banking system has become an important support, maintaining smooth capital flows, creating a stable financial environment for businesses to recover and expand production.

Hung Yen banking industry always accompanies businesses

Mobilized capital and credit growth are strong.

2025 is a particularly important year - the final year of implementing the 2021-2025 Socio- Economic Development Plan and the "sprint" period to prepare for Party Congresses at all levels. In that context, the economies of Hung Yen and Bac Ninh continue to maintain growth momentum, demonstrating the good resilience of the private economic sector and key industries.

In Hung Yen, GRDP in 2025 is estimated to reach more than 168.7 trillion VND, an increase of 10.5% compared to 2024; total production value increased by nearly 12%. Many processing, mechanical and export industrial enterprises accelerated again as the global supply chain gradually stabilized. In Bac Ninh , the economy continued to maintain its position in the leading group of the country. GRDP increased by about 11.5%, economic scale is estimated to reach more than 522 trillion VND, ranking 5th nationwide. Production activities of electronics, components and supporting industry enterprises grew positively, leading to large and continuous capital demand, with flexible requirements in disbursement.

According to the representative of the State Bank of Vietnam Region 12, closely following the direction of the Government and the State Bank of Vietnam, the State Bank of Vietnam Region 12 has synchronously implemented credit management solutions towards strictly controlling risks, prioritizing capital for production, business and high value-added sectors. In which, the lending interest rate in the area continues to decrease by about 0.5-1% compared to 2024. Short-term lending interest rates are commonly 4-7.5%/year, medium and long-term 7.5-11%/year. This is a level that the business community considers appropriate, especially in the context of high pressure on capital costs, raw materials and logistics.

Along with reasonable interest rates, credit flows are expanded in scale. By December 31, 2025, the total outstanding credit balance in the whole region will reach about VND 660,000 billion, an increase of more than 24% compared to the end of 2024. Of which, Bac Ninh will reach VND 400,000 billion, an increase of nearly 30%; Hung Yen will reach VND 260,000 billion, an increase of more than 16%. Along with credit growth, capital mobilization also maintains a positive growth momentum. The total mobilized capital of the two provinces is estimated at more than VND 710,000 billion, an increase of 13.7% over the previous year, reflecting the stability of the monetary market and the confidence of people and businesses in the banking system. The State Bank of Vietnam (SBV) Region 12 has directed credit institutions to allocate capital to focus on 5 priority areas, of which outstanding loans in the agricultural and rural sector account for more than 66% of total priority credit; Small and medium enterprises account for nearly 32%, with growth reaching 34%.

Connect - reform - accompany businesses

One of the highlights of the State Bank of Vietnam Region 12 in 2025 is the effective implementation of the Bank-Business Connection Program. Bank branches proactively dialogue with the business community, grasp the needs and problems to adjust appropriate credit plans. As a result, outstanding loans under the program reached VND 159,000 billion, supporting more than 6,000 businesses and nearly 9,000 production households and individuals.

Not only promoting new loans, banks have also implemented many measures to support businesses in dealing with difficulties such as restructuring debt repayment terms, maintaining debt groups, exempting and reducing interest and fees, and supplementing working capital. This helps reduce cash flow pressure, creating conditions for businesses to maintain production and restore supply chains. At the same time, they focus on removing specific obstacles regarding collateral, financial records, business plans, and cash flow. Many businesses in Bac Ninh said that faster access to capital and more reasonable costs has helped them proactively manage cash flow, retain workers, and expand export orders during a period when the global market is still volatile. Banks also continue to simplify procedures, promote digitalization of credit granting processes, shorten appraisal times, and enhance financial consulting for businesses...

The Bank - Business Connection Program is effective

Sharing about the outstanding results in socio-economic development in 2025, Comrade Pham Quang Ngoc, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Hung Yen province, said that in the context of many difficulties, Hung Yen province still maintained a positive growth momentum, especially in attracting investment and developing enterprises. In 2025, the whole province attracted 327 new projects and 251 projects with increased capital, with a total converted capital of over 165.9 trillion VND and 2.31 billion USD. Up to now, Hung Yen has 3,059 domestic projects, 927 FDI projects and more than 34,700 operating enterprises. In the year alone, the number of newly established enterprises reached 4,886 units, reflecting the strong vitality of the local business community. Comrade Pham Quang Ngoc emphasized that to achieve the above results, there is a very important contribution from the local banking system. Credit institutions have proactively coordinated with the government to promptly resolve capital difficulties, thereby creating a solid financial foundation for businesses to expand production, stabilize employment and improve competitiveness.

According to the State Bank of Vietnam (SBV) Region 12, in 2026, SBV Region 12 continues to identify the consistent goal of operating a flexible monetary policy, closely following local realities and macroeconomic developments. The focus is on selectively expanding credit, prioritizing manufacturing - supporting industries - high technology; promoting the bank - business connection program; continuing to reduce operating costs to lower lending interest rates; strongly implementing the social housing credit program according to Resolution 33. With a proactive, flexible and practical management approach, SBV Region 12 is creating an important foundation for the local banking system to operate stably, providing maximum support to businesses, contributing to the sustainable economic growth of both Hung Yen and Bac Ninh.

Credit situation for priority sectors

Outstanding loans for 5 priority sectors in the area as of December 31, 2025 are estimated at VND 340,000 billion, an increase of 18.7% compared to December 31, 2024, specifically:

- Credit for the agricultural and rural sectors by December 31, 2025 is estimated at VND 225,400 billion, an increase of 13.3% compared to the end of 2024, accounting for 66.3%.

- Credit for small and medium enterprises by December 31, 2025 is estimated at VND 107,450 billion, an increase of 34% compared to the end of 2024, accounting for 31.6%.

- Credit for the export sector by December 31, 2025 is estimated at VND 1,620 billion, down 22.7% compared to the end of 2024, accounting for 0.47%.

- Credit for the supporting industry sector by December 31, 2025 is estimated at VND 5,340 billion, an increase of 7.7% compared to the end of 2024, accounting for 1.57%.

- Credit for high-tech enterprise sector as of December 31, 2025 is estimated at VND 190 billion, an increase of 47.3% compared to the end of 2024, accounting for 0.05% of total outstanding credit in priority sectors in the Region.

Source: https://thoibaonganhang.vn/dong-luc-tang-truong-moi-tai-hung-yen-bac-ninh-174692.html