At the regular Government press conference in June on the afternoon of July 3, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that as of June 26, the total outstanding debt of the whole system reached over 16.9 million billion VND, an increase of 8.3% compared to the end of 2024.
Accordingly, to achieve the above results, the State Bank has kept the operating interest rates unchanged to maintain stable interest rates, creating favorable conditions for promoting credit.
On the market side, commercial banks, with the role of implementing policies, have also actively implemented the State Bank's direction on stabilizing the mobilization interest rate level, creating a foundation for cost savings, thereby reducing lending interest rates. As a result, the average lending interest rate for new loans is 6.38%/year, down about 0.6% compared to the end of 2024.
According to Deputy Governor of the State Bank of Vietnam Pham Thanh Ha, the credit structure is consistent with the structure of the economy and meets the credit needs of people and businesses. Some key sectors such as agriculture, forestry and fishery account for about 6.37%; processing and manufacturing industry accounts for about 12.84%; construction industry accounts for 7.53%. Construction includes infrastructure investment projects and this sector is being directed by the Government and the Prime Minister to boost credit in the sector. Other service sectors such as wholesale and retail account for a large proportion of about 23.74%.
Regarding credit for priority sectors, agriculture , rural areas and small and medium enterprises continue to be the two sectors with large proportions. Specifically, agriculture and rural areas account for 23.16%. Credit for small and medium enterprises accounts for 17.51%. Regarding speed, the two priority sectors, supporting industry and high-tech enterprises, both have very high growth rates, nearly double the general rate. Specifically, high-tech industry is 15.69% and high-tech enterprises is 17.59%.
Credit institutions continued to disburse for credit programs under the direction of the Government and the Prime Minister, such as the credit program for the forestry and fishery sector, which increased in scale from VND 15,000 billion to VND 100,000 billion and was implemented very well and effectively. In addition, credit programs supporting the linkage of production, processing and consumption of 1 million hectares of high-quality rice in the Mekong Delta have also been actively implemented.
Some other programs such as social housing loans, or loans for young people under 35 years old to rent or buy social housing, or the recent program of 500,000 billion VND credit for businesses investing in infrastructure, digital ownership, and programs with policies have been actively implemented by credit institutions.
To achieve the goal of both controlling inflation, stabilizing the macro-economy, and promoting economic growth according to the Government's target, in the last 6 months of the year, the Deputy Governor said that the State Bank will continue to synchronously operate credit solutions in accordance with macroeconomic developments, inflation, as well as the economy's capital absorption capacity. At the same time, it will promptly deploy solutions to remove difficulties, creating favorable conditions for people and businesses to access bank credit./.
Source: https://baolamdong.vn/pho-thong-doc-nhnn-du-no-he-thong-ngan-hang-dat-tren-16-9-trieu-ty-dong-381088.html
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