From the beginning of 2025, the State Bank of Vietnam (SBV) assigned credit growth targets to credit institutions (CIs). As of July 28, credit in the entire system increased by 9.64% compared to the end of 2024.
Under the condition that inflation is controlled in accordance with the targets set by the National Assembly and the Government; implementing the direction of the Government and the Prime Minister on appropriate, timely and effective management of the credit market, meeting the capital needs of the economy , on July 31, the State Bank of Vietnam announced an adjustment to increase the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency.
At the same time, the State Bank requires credit institutions to strictly implement the instructions of the Government and the State Bank, and implement solutions on credit activities to improve business efficiency, ensure system safety and stabilize the monetary market.
Safe and effective credit growth, directing credit to production and business sectors, priority sectors and economic growth drivers according to the Government's policy; strictly controlling sectors with potential risks.
Credit institutions maintain stable deposit interest rates and strive to reduce lending interest rates through cost savings, increased application of information technology, simplification of administrative procedures, and restructuring and reorganization of 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 instructions of the State Bank.
Units 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, conduct strict appraisal 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 follow domestic and international market developments, be ready to support liquidity to create conditions for credit institutions to supply credit to the economy and promptly have appropriate monetary policy management solutions.
Source: https://hanoimoi.vn/tang-chi-tieu-tang-truong-tin-dung-nam-2025-cho-cac-ngan-hang-710988.html
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