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| The State Bank is ready to support liquidity to create conditions for credit institutions to provide credit to the economy . |
Special credit programs continue to be effectively implemented, including VND145,000 billion in loans for social housing, workers, and renovation of old apartments; VND500,000 billion in credit for infrastructure investment and digital technology ; and VND100,000 billion for agriculture, forestry, and fisheries.
Under the condition that inflation is controlled in accordance with the National Assembly and Government's target, on July 31, the State Bank announced an adjustment to increase the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency. "The addition of this limit is the initiative of the State Bank and credit institutions do not need to request it," said a representative of the State Bank.
In line with the Resolution of the National Assembly and the direction of the Government and the Prime Minister, the State Bank of Vietnam has operated monetary policy proactively, flexibly, promptly, effectively, and in close, synchronous, harmonious, and coordinated coordination with fiscal policy and other macroeconomic policies, contributing to prioritizing the strong promotion of economic growth associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy.
At the same time, the SBV requires credit institutions to strictly implement the directions of the Government, Government leaders and the SBV, resolutely organize the implementation of solutions on credit activities to improve business efficiency, ensure system safety and stabilize the monetary market; increase safe and effective credit growth, direct credit to production and business sectors, priority sectors and economic growth drivers according to the policies of the Government and the Prime Minister; strictly control sectors with potential risks.
“Maintain stable deposit interest rates and strive to reduce lending interest rates through cost savings, increase application of information technology, simplify administrative procedures, restructure and reorganize the apparatus; continue to have policies to remove difficulties in accessing credit capital for businesses and people; provide credit to customers in accordance with the provisions of law and the direction of the State Bank in Directive No. 01/CT-NHNN dated January 20 on organizing the implementation of key tasks of the banking sector in 2025”, said a representative of the State Bank.
The State Bank of Vietnam directs credit institutions to comply with legal regulations on safety ratios, credit limits for customers, debt classification and risk provisioning; strengthen credit risk control, measures to handle bad debts, limit bad debts arising, strictly appraise before granting credit and strengthen inspection and supervision before and after granting credit to ensure credit quality.
In the coming time, the State Bank will continue to closely monitor domestic and international market developments, be ready to support liquidity to create conditions for credit institutions to provide credit to the economy and promptly have appropriate monetary policy management solutions.
According to VNA
Source: https://baokhanhhoa.vn/kinh-te/tai-chinh-ngan-hang/202507/ngan-hang-nha-nuoc-thong-bao-dieu-chinh-chi-tieu-tang-truong-tin-dung-31e65ec/
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