Directing bank capital into priority areas

Credit institutions in the province have proactively reduced deposit and lending interest rates, focusing capital on priority areas, contributing significantly to economic development.

Credit institutions in the province have proactively reduced deposit and lending interest rates, focusing capital on priority areas, making an important contribution to economic development. Photo TL

In the context of the economy needing more momentum for recovery and development, the banking sector in Thai Nguyen province has proactively expanded credit, reduced lending interest rates, strengthened connections with businesses and focused capital on priority areas.

In 2025, the credit growth target in Thai Nguyen province of 15% or more has been synchronously implemented by the State Bank of Vietnam (SBV) Region 5 since the beginning of the year. Through directing credit institutions to organize many dialogues and connect with businesses, ensuring timely supply of capital for production, business, consumption and investment.

Mr. Le Quang Huy, Director of SBV Region 5, emphasized: Immediately after starting operations from July 1, 2025 with the area of 3 provinces (Thai Nguyen, Cao Bang, Lang Son), we quickly stabilized the apparatus, ensuring no interruption in operations in the context of provincial mergers. Maintaining credit growth momentum associated with the local economic orientation is a key task in management. We especially focus on credit for small and medium enterprises, rural agriculture , export and social security.

As of June 30, 2025, outstanding loans in Thai Nguyen province reached VND 152,584 billion, an increase of 13.89% compared to the end of 2024, higher than the national average growth rate (9.9%) and the highest growth rate in the past 5 years. Total mobilized capital in the province reached VND 144,697 billion, an increase of 7.5%.

Credit institutions have proactively reduced deposit and lending interest rates; the average lending interest rate for new transactions reached 6.85%/year, down 0.08% compared to the end of 2024. In particular, credit institutions focus on priority areas and social programs.

Specifically, in the first 6 months of 2025, credit institutions lending to small and medium enterprises (SMEs) had outstanding loans of VND 24,674 billion, accounting for 16.17% of the total outstanding loans in the whole area, with 1,972 enterprises still having outstanding loans. Loans to the agricultural and rural sector had outstanding loans of VND 35,752 billion, up 5.7%, accounting for 23.43% of the total outstanding loans, serving more than 239,000 customers.

The banking sector focuses on lending to customers developing agriculture and rural areas.

For social housing loans, the Military Commercial Joint Stock Bank - Thai Nguyen Branch has disbursed VND 74.2 billion for Dai Thang Project, VND 17.4 billion for 51 home buyers. The Social Policy Bank has lent VND 31 billion under Decree No. 100/2024/ND-CP, with outstanding loans reaching VND 143 billion, with 422 customers.

Mr. Le Van Hong, Deputy Director of the Thai Nguyen Province Social Policy Bank, shared: Policy credit capital has been and is covering many key programs such as social housing, loans for poor households, near-poor households, ethnic minorities... We will continue to coordinate closely with localities to quickly and effectively deploy the allocated capital. In particular, policy credit is becoming one of the key solutions to ensure social security in the merged area.

In addition to the positive results, the scale of the banking network continues to be maintained in the current locations, and is in the process of being arranged and restructured under the direction of the State Bank of Vietnam and the Head Office.

However, for bank branches in the northern area of Thai Nguyen province (formerly Bac Kan province), the number and value of transactions tend to shrink due to a decrease in the number of customers and economic activities in the area; the value of mortgaged assets (especially real estate) tends to decrease, somewhat affecting operational efficiency in the coming time.

In the last 6 months of 2025, the State Bank of Region 5 determined to continue to operate monetary policy flexibly and effectively; strive for the province's credit growth to reach 18% for the whole year (exceeding the plan set by the Thai Nguyen Provincial People's Committee); at the same time, strengthen credit quality supervision, tighten banking safety, handle bad debts and promote digital transformation in banking services.

Thai Nguyen is becoming a major industrial and technological production center, with a very high demand for capital. We will continue to accompany and create favorable conditions for bank capital to truly become a driving force for sustainable growth for both the midland and mountainous regions of the North..., Le Quang Huy added.

Source: https://baothainguyen.vn/kinh-te/202507/huong-dong-von-ngan-hang-vao-nhung-linh-vuc-uu-tien-3e11e2f/