More than 16 million billion VND of credit capital poured into the economy

This information is stated in the State Bank's report for questioning sent to the National Assembly . According to the report, credit in the first months of the year continued to be directed towards production and business sectors, with priority given to growth drivers, following the direction of the Government and the Prime Minister.

As of April 15, the total outstanding credit balance of the entire system reached VND16.23 trillion, up 3.95% compared to the end of 2024. This figure is more positive than the result at the same time last year (up 1.21%). Compared to the same period last year, the total credit of the entire system increased by 18.19%.

At the same time, the lending interest rate continues to decrease. As of April 10, the average lending interest rate for new transactions of banks was 6.34% per year, down 0.6% per year compared to the end of 2024. Banks have published lending interest rate information on their websites to provide more information for customers to refer to when accessing loans.

Transaction office at a bank. Photo: Giang Huy

Since the beginning of the year, the State Bank has had many solutions to increase access to credit such as applying information technology, simplifying loan procedures, implementing many incentive programs, and restructuring debt repayment terms to support customers in difficulty.

The operator also directed banks to create favorable conditions for people and businesses to access bank credit capital to develop production and business. In particular, the subjects facilitated to borrow capital include real estate project investors, home buyers, construction contractors and production units providing construction materials and supplies to increase liquidity for the real estate market.

This year, the State Bank has set a credit growth target of about 16%, double the GDP growth target. To facilitate credit institutions to provide capital, the agency has publicly and transparently announced the principles for assigning credit growth to banks.

At the same time, the operator continues to implement a roadmap to limit and eventually eliminate the management of credit growth targets for each credit institution. Accordingly, foreign banks, joint venture banks, cooperative banks and non-bank credit institutions are proactively controlling this target this year.

Source: https://baoquangninh.vn/hon-16-trieu-ty-dong-von-tin-dung-rot-vao-nen-kinh-te-3357014.html