Loan interest rates have decreased by 0.41%, credit growth is the highest in 15 years

At the press conference to inform about the banking performance in the third quarter of 2025 held on the morning of October 3, Deputy Governor of the State Bank Pham Thanh Ha said that in the first 9 months of the year, this agency continued to maintain operating interest rates at a low level, creating conditions for businesses and people to access capital. The State Bank also continued to guide the market to reduce lending interest rates by requiring commercial banks to reduce all operating costs.

To date, the lending interest rate continues to trend downward. The average interest rate for new loans is currently at 6.52%/year, down about 0.41% compared to 2024.

Mr. Pham Chi Quang, Director of Monetary Policy Department ( State Bank ).

According to Mr. Pham Chi Quang, Director of the Monetary Policy Department ( State Bank ), thanks to the support of technology, from 2022 to now, the banking industry has made efforts to cut costs, including streamlining personnel. These efforts aim to reduce operating costs, thereby reducing lending interest rates for businesses and people.

This agency continuously reviews commercial banks to ensure that the banking sector always supports the economy , ensuring that inflation does not increase (well controlled and in line with the set target, the average for 8 months is 3.25%; core inflation is 3.19%).

As of September 29, 2025, the total outstanding debt of the entire economy is estimated at 17.4 million billion VND, an increase of 13.37% compared to the end of 2024. This is the highest 9-month credit growth rate in the past 15 years.

The above credit growth rate means that banks have disbursed net loans to the economy of nearly 2.1 million billion VND after 9 months, equivalent to an average of over 230,000 billion VND/month. Mr. Pham Chi Quang forecasts that with this credit growth rate, credit growth this year could reach 19-20%, also the highest increase in the past 15 years.

Although credit has increased rapidly, the State Bank affirmed that capital has been flowing in the right direction to production and business sectors, priority sectors and economic growth drivers under the direction of the Government and the Prime Minister . The State Bank is also strictly controlling credit for potentially risky sectors; continuing to implement solutions to facilitate customers' access to bank credit capital.

In the remaining quarter of 2025, the State Bank said it will closely monitor the situation to manage interest rates in accordance with market developments, the macro economy, inflation and monetary policy targets.

At the same time, continue to direct credit institutions to reduce operating costs, increase the application of information technology, digital transformation and other solutions to reduce lending interest rates. Direct credit institutions in credit work: Direct credit to production and business sectors, priority sectors, economic growth drivers according to the policies of the Government and the Prime Minister; strictly control credit for potentially risky sectors; focus on credit investment in key and feasible projects and works, green credit, credit serving the development of regional and local strengths; actively implement credit programs and policies according to the policies of the Government and the Prime Minister, solutions to remove difficulties for people and businesses; implement solutions to create favorable conditions for customers to access bank credit capital...

Source: https://baodautu.vn/lai-vay-da-giam-041-tin-dung-tang-cao-nhat-trong-vong-15-nam-d400602.html