21 banks register for half a million billion dong credit package
In order for the private economy to become one of the most important driving forces of the economy, Resolution 68 of the Politburo identifies one of the key tasks as diversifying capital sources, creating the most favorable conditions for this sector to access financial resources, and at the same time reviewing, supplementing, and perfecting appropriate credit mechanisms and policies.
Accordingly, commercial banks play a particularly important role in providing capital to private enterprises.
At the seminar "Promoting the role of commercial banks in implementing Resolution 68" organized by the Government Electronic Information Portal on the morning of June 27, Mr. Nguyen Phi Lan, Director of the Department of Forecasting, Statistics - Monetary and Financial Stabilization (SBV), said that as of April 2025, outstanding credit for the private economic sector accounted for about 93% of total outstanding debt, equivalent to about 15.3 million billion VND. There are 209,000 private enterprises with outstanding debt at commercial banks (CBs).
Up to now, the total outstanding credit balance of the whole economy has reached about 16.5 million billion VND. This shows that the ability to absorb capital has improved.
In Decision No. 2415 and 2416, the Governor of the State Bank of Vietnam directed banks to simplify lending procedures, creating the most favorable conditions for businesses and people to access capital sources to serve economic development.
In addition to implementing Resolution 68, the banking industry has also actively implemented many credit programs, especially the VND500,000 billion program for lending to invest in infrastructure and innovation.
“According to current statistics, there are 21 commercial banks preparing resources to deploy a credit package of VND500,000 billion. Of which, 4 state-owned commercial banks ( Agribank , VietinBank, Vietcombank, BIDV) play a key role, each bank registered more than VND60,000 billion. The remaining 12 large-scale joint stock commercial banks registered more than VND20,000 billion each, and smaller-scale banks registered about VND4,000 billion each,” said Mr. Nguyen Phi Lan.
According to Mr. Dau Anh Tuan, Vice President of the Vietnam Federation of Commerce and Industry (VCCI), one of the current difficulties of commercial banks is accessing and connecting with businesses. According to Mr. Tuan, Resolution 68 has partly provided a solution to this problem, such as requiring increased information connection between tax agencies, treasuries, law enforcement agencies and the banking system.
“Banks can access data on a business’s compliance history. Instead of having to collect information themselves, which is time-consuming and costly, sharing data helps banks easily evaluate and select potential customers,” said Mr. Dau Anh Tuan.
Resolution 68 has encouraged lending not only based on collateral, but also on cash flow. However, the Vice President of VCCI said that to do this, barriers in the legal system need to be removed.
“Currently, from decrees to circulars, there are still regulations that hinder commercial banks when applying cash flow lending. Reviewing and eliminating inadequacies will help credit operate more safely and effectively,” Mr. Tuan noted.
Banks design products in a 'tailor-made' style
In fact, in recent times, banks have made efforts to diversify their products and services to become closer to businesses. Some banks even support business establishment and connect with partners and potential markets as a way to nurture long-term revenue sources.
According to Ms. Nguyen Bao Thanh Van, Deputy General Director of VietinBank, in addition to providing financial resources, the bank also provides non-financial support such as accompanying businesses, consulting, and supporting businesses.
“Some small businesses have limited access to banking products, limited ability to grasp tax policies, limited ability to provide transparent financial reports to access better capital sources. We have directly supported customers by designing products suitable for private enterprises, listening to customers' opinions to get the most suitable products,” Ms. Nguyen Bao Thanh Van shared.
However, the Deputy General Director of VietinBank said that recently some commercial banks have been competing unfairly, leading to financial resources "running" to places without direction.
While green credit, manufacturing, agriculture... are the sectors that the Government and the State Bank are directing banks to target, they require large capital sources to have a widespread impact and create GDP for the country.
“Healthy competition among banks is also a driving force for banks to be more creative, truly focus on their customers, thereby promoting the development of the private economy,” said a representative of VietinBank.
Sharing the same view, Mr. Dau Anh Tuan said that it is necessary to encourage credit to flow into the production sector, which creates specific goods and services, jobs for many workers, and helps solve many social security problems.
Source: https://vietnamnet.vn/du-no-tin-dung-cua-khu-vuc-kinh-te-tu-nhan-la-khoang-15-3-trieu-ty-dong-2415738.html
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