The State Bank must proactively adjust credit room to match the growth target of 8.3

The Government has just issued Resolution No. 226/NQ-CP dated August 5, 2025 on growth targets for sectors, fields, localities and key tasks and solutions to ensure the country's growth in 2025 reaches 8.3 - 8.5%.

In particular, the Government assigned the State Bank of Vietnam (SBV) to grasp the situation, proactively, flexibly, promptly and effectively manage monetary policy tools, closely, effectively and synchronously coordinate fiscal policies and other macroeconomic policies; and stabilize the monetary and foreign exchange markets in accordance with market conditions.

Direct credit institutions to continue to cut costs, strive to reduce lending interest rates to support business production and people's livelihoods, improve credit quality, and limit bad debt.

Resolutely and proactively adjust the credit growth target for 2025 publicly and transparently, in line with inflation being controlled according to the target, promoting growth to reach 8.3 - 8.5% and meeting the capital needs of the economy .

Direct credit institutions to control and direct credit to production and business sectors, priority areas, traditional growth drivers of the economy (investment, export, consumption) and new drivers (including science and technology, innovation, digital transformation, digital economy, green economy, circular economy, social housing...).

The Government also requested the State Bank to carefully prepare monetary policies for the last months of 2025 and 2026, and report to the Government Standing Committee before August 20, 2025.

Previously, on July 31, the State Bank of Vietnam announced an adjustment of credit room for a number of credit institutions. The adjustment was made based on specific principles, ensuring publicity and transparency, without requiring credit institutions to submit a written request.

On August 4, 2025, the State Bank of Vietnam issued Official Dispatch No. 6784/NHNN-CSTT directing and guiding the banking system to resolutely and effectively implement solutions to stabilize deposit interest rates and reduce lending interest rates to promote economic growth in 2025 under the direction of the Government and Prime Minister.

Accordingly, the SBV requires credit institutions to strictly implement the direction of the SBV Governor in Directive No. 01/CT-NHNN dated January 20, 2025 on organizing the implementation of key tasks of the banking sector in 2025 to contribute to stabilizing the macro economy, controlling inflation, and achieving the growth target of 8% or more in 2025.

Implement solutions to stabilize and strive to reduce deposit interest rates to contribute to stabilizing the monetary market, creating room to reduce lending interest rates in accordance with the direction of the Government, Prime Minister and State Bank.

Continue to implement more drastically and effectively the direction of the Government, the Prime Minister and the State Bank in reducing operating costs, enhancing the application of information technology, digital transformation, simplifying procedures and other measures to reduce lending interest rates, support people and businesses in accessing bank credit capital, and promote production and business development.

Every month, continue to publish average lending interest rates, average deposit and lending interest rate differentials, lending interest rates for credit programs, credit packages and other types of lending interest rates (if any) on the credit institution's website to facilitate customers, people and businesses in accessing and looking up information.

At the same time, credit growth must ensure safety and efficiency, focusing on prioritizing the allocation of credit capital to production and business sectors, priority sectors and economic growth drivers; and strictly controlling credit to sectors with potential risks.

The State Bank of Vietnam affirmed that it will closely monitor developments in deposit and lending interest rates, and the announcement of lending interest rates on the websites of credit institutions; strengthen inspection, examination and supervision of credit institutions' implementation of policies and directions of the Government, the Prime Minister and the State Bank of Vietnam on deposit and lending interest rates.

Source: https://baodautu.vn/ngan-hang-nha-nuoc-phai-chu-dong-dieu-chinh-room-tin-dung-phu-hop-muc-tieu-tang-truong-83---85-d351284.html