Following the direction of the State Bank of Vietnam, the State Bank of Vietnam's Regional Branch 6 has directed credit institutions in Quang Ninh province to prioritize credit capital for the private sector , especially small and medium-sized enterprises (SMEs), supporting industries, and innovative startups. Capital is focused on projects investing in machinery and equipment, technological innovation, green transformation, and digital transformation, thereby helping businesses improve productivity, product quality, and their ability to participate more deeply in the value chain.
Along with credit orientation, lending interest rates in the province continue to be adjusted downwards, creating more financial space for businesses. As of November 30, 2025, the average lending interest rate in Quang Ninh province was approximately 6.96%/year, a decrease of 0.42%/year compared to the end of 2024. Specifically, short-term lending interest rates in Vietnamese Dong ranged from 3.9-7.1%/year; medium and long-term lending interest rates ranged from 7.3-10.5%/year. For the five priority sectors including exports, agriculture , high technology, small and medium-sized enterprises, and supporting industries, short-term lending interest rates were applied at 4%/year for customers with transparent and sound financial situations.
Thanks to flexible management solutions, credit growth in the province continues to maintain a positive level. By November 30, 2025, outstanding credit reached VND 217,056 billion, an increase of 9.8% compared to the end of 2024; it is estimated to reach approximately VND 223,000 billion by December 31, 2025, an increase of 12.8%. Notably, the non-state economic sector continues to be a focus of investment by banks. Outstanding loans to this sector are estimated at VND 200,700 billion, accounting for about 90% of the total outstanding loans in the province, an increase of 14.2% compared to the end of 2024, higher than the overall credit growth rate.
Of this, outstanding loans to non-state enterprises reached approximately VND 67,500 billion, accounting for 30.3% of total outstanding loans, a sharp increase of 21.4%; outstanding loans to small and medium-sized enterprises alone reached VND 33,100 billion, accounting for 14.8% of total outstanding loans. Outstanding loans to household businesses and individuals reached VND 133,200 billion, accounting for nearly 60% of total outstanding loans, an increase of 12.1%, showing that credit capital has been and is spreading widely to the private and household economic sectors.
Furthermore, the Bank-Business Connection Program continues to be effectively implemented, becoming an important bridge between policy and practice. From the beginning of 2025 to the present, the State Bank of Vietnam's Regional Branch 6 and credit institutions in the area have organized and participated in 25 business meetings to promptly address difficulties and obstacles, while also disseminating credit policies, listening to and answering requests from businesses and people. A prime example is the conference "Promoting Bank Credit, Contributing to Economic Growth" held on March 21, 2025, with the participation of leaders from the State Bank of Vietnam, local leaders, and numerous credit institutions and businesses from 5 provinces and cities in the region.
Alongside expanding credit, the banking sector in Quang Ninh has also accelerated administrative reforms, simplifying processes and procedures to make banking services more accessible to businesses and individuals. Credit institutions have implemented quality management systems, modernized operational processes, and shortened the time required to process administrative procedures. By November 30, 2025, the State Bank of Vietnam's Regional Branch 6 had received and processed 1,773 administrative procedures, mainly in the areas of foreign exchange and banking operations, ensuring timely and early processing as stipulated. Information on procedures, required documents, interest rates, and service fees is also publicly and transparently available, helping businesses proactively choose suitable credit packages.
By simultaneously expanding scale, diversifying capital sources, reducing credit costs, and improving access to banking services, Quang Ninh is gradually creating a solid financial foundation for the development of the private sector. This is a crucial driving force to promote economic growth, enhance competitiveness, and realize the province's goal of rapid and sustainable development in the coming period.
Source: https://baoquangninh.vn/khoi-thong-dong-von-tao-da-cho-kinh-te-tu-nhan-but-pha-3391681.html
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