The Government has just issued Resolution 154 on key tasks and solutions to achieve the growth target of 8% or more in 2025. In particular, with the orientation of managing credit growth in line with the growth target and controlling inflation, the Government requires research to assign additional credit growth targets to banks according to its authority.
The solution was proposed in the context that the total outstanding credit balance of the entire system by mid-April reached more than VND 16.23 trillion, an increase of 3.95% compared to the end of 2024. This figure is more positive than the result of the same period last year (up 1.21%). Compared to the same period last year, the total credit of the entire system increased by 18.19%.
Earlier this year, the State Bank assigned the 2025 credit growth target to banks and expected the system-wide increase to be around 16%. The State Bank also said it would proactively adjust the credit growth target to create conditions for banks to provide sufficient and timely credit capital to the economy .
In Resolution 154, the Government requires directing banks to direct credit to production and business sectors, priority sectors, economic growth drivers, and feasible key projects and works.
At the same time, banks strictly control credit in areas with potential risks; cut lending procedures to promptly provide capital for projects and areas that create momentum for growth, especially green growth.
The VND100 trillion credit program for agriculture, forestry and fisheries will be promoted. In addition, credit institutions are encouraged to research preferential credit packages and allow young people under 35 years old to buy houses.
In the first quarter, GDP is estimated to have increased by 6.93% compared to the same period last year, the highest in Southeast Asia. The government forecasts that the remaining months of the year will be mixed with favorable and difficult conditions, but with more challenges, especially from unfavorable external factors and internal limitations and shortcomings that have lasted for many years.
In addition to credit management, Resolution 154 sets out a series of tasks and solutions such as disbursing 100% of public investment capital; expanding and diversifying exports; improving the quality of services, especially food, accommodation, and tourism to help total retail sales of goods and consumer service revenue increase by 10-12% this year.
TH (according to VnExpress)Source: https://baohaiduong.vn/nghien-cuu-giao-bo-sung-chi-tieu-tang-truong-tin-dung-412961.html
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