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| Agribank 's outstanding loan growth in the first half of the year was on schedule and as planned. Photo: Duc Thanh |
Gradually increasing
Recently, Mr. Nguyen Phi Lan, Director of the Department of Forecasting, Statistics - Monetary and Financial Stabilization (State Bank) said that as of June 18, 2025, the total outstanding credit balance of the entire banking system reached 16.73 million billion VND, an increase of 7.14% compared to the end of 2024. Of which, about 209,000 small and medium enterprises have outstanding loans at credit institutions, mainly commercial banks.
In recent times, the banking sector has had practical policies to accompany private enterprises, such as restructuring debt repayment periods, waiving interest rates, and supporting recovery after epidemics and natural disasters. Commercial banks have also constantly innovated and diversified credit products, digitized lending processes, reduced costs, and shortened the process of processing loan applications for private enterprises.
Previously, according to information from the State Bank, by the end of May 2025, credit in the entire economy increased by 6.52%, significantly higher than the 2.41% in the same period in 2024. This is a significant credit increase to achieve the economic growth target of at least 8% this year. Credit demand for production, business and consumption is forecast to increase sharply to meet the economic growth target in 2025.
Ms. Phung Thi Binh, Deputy General Director of Agribank, said that by the end of June 2025, Agribank's outstanding loan growth reached more than 7%, in line with the set schedule and plan. Most of the credit is focused on the agricultural and rural sectors. In particular, this year, farmers had a good harvest, so the debt repayment situation is very good.
In addition, according to Mr. Nguyen Tran Manh Trung, General Director of VietinBank at the first 6-month review conference of 2025, credit increased by 10% compared to the end of 2024, mobilization is estimated to increase by more than 9%. Some commercial banks, such as ACB, also had outstanding loans increase by 8% in the first half of the year.
Positive outlook for year end
With the interest rate trend forecast to be difficult to increase in the second half of the year as banks have a policy of reducing input costs to stabilize output interest rates, credit is forecast by bank leaders to gradually improve in the last quarters of the year.
From the positive credit growth in the first half of the year, Agribank expects that credit demand will continue to increase in the second half of the year, as this is the peak business season. Agribank is making efforts to reduce lending interest rates, actively promoting agricultural, rural and green credit.
Regarding credit, in the context of increased capital demand from customers in the first half of this year and the possibility of continued improvement in the second half of the year, it is not difficult to achieve the target of outstanding loan growth set by the banking industry at 16% this year. However, the issue of concern when credit increases is the risk of bad debt increasing. 
- Associate Professor, Dr. Nguyen Huu Huan (Ho Chi Minh City University of Economics)
According to Ms. Phung Thi Binh, Agribank is promoting loans for social housing and lending to young customers under 35 years old to buy houses at an interest rate of 5.5%/year for the first 3 years (in the near future, it will consider reducing the interest rate by another 1.5%). In the coming time, when the legal clearance of projects is accelerated, the supply to the market will be greater, the demand for housing credit will also grow positively.
“Normally, credit growth in the second half of the year will be more positive than the first two quarters of the year and capital demand is gradually improving due to stable low interest rates,” said Ms. Binh, adding that with the current bad debt level below 1.5%, Agribank's goal by the end of this year is to control bad debt below 1% (compared to about 2% at the end of 2024).
According to the General Director of VietinBank, in recent times, the Bank has promoted its role as a key state-owned commercial bank, continuing to provide capital for the economy, directing credit capital to production and business sectors, growth drivers. VietinBank has promoted lending to priority sectors; lending in accordance with Resolution 33/2023/NQ-CP of the Government on removing and promoting the real estate market; implementing preferential credit programs for young people under 35 years old with interest rates of only 5 - 6%/year.
Mr. Tu Tien Phat, General Director of ACB, also said that customers' capital demand is gradually improving, while lending interest rates remain stable, even decreasing compared to the end of the first quarter of 2025, which is a condition to stimulate credit demand, especially for small and medium-sized enterprises, individual customers borrowing money to buy houses and for consumption... ACB's goal is to increase credit growth this year to 16-18% and keep interest rates stable.
According to the results of the survey on business trends in the third quarter of 2025 of credit institutions and foreign bank branches conducted by the State Bank, capital mobilization and lending interest rates in VND continued to decrease slightly in the second quarter, especially lending interest rates. The survey showed that the demand for banking services continued to increase sharply in the second quarter and is expected to continue in the third quarter as well as the whole year of 2025.
Notably, up to 62.6% of credit institutions expect the demand for loans to increase, surpassing the demand for payments and deposits. Credit institutions have raised their credit growth expectations in 2025 to 16.8%, higher than the actual growth rate in 2024; capital mobilization growth has also been adjusted up to 13.9% - if achieved, this will be the highest level in the past 5 years.
Source: https://baodautu.vn/nhu-cau-vay-von-tang-dan-tin-dung-ky-vong-tang-truong-tot-hon-nua-cuoi-nam-2025-d321192.html
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