In the context of rapid credit growth and potential risks to the financial system, the Prime Minister has just directed the State Bank of Vietnam to take the lead in developing a set of criteria for credit safety control, with a deadline of completion in July 2025.
The Government has just issued Resolution No. 205 of the regular Government meeting in June 2025 and the Government's online conference with localities.
In this document, the Prime Minister requested the State Bank of Vietnam to continue to closely monitor the world and domestic situation, proactively, flexibly, promptly and effectively manage monetary policy tools; manage exchange rates and interest rates synchronously, harmoniously and reasonably; strive to reduce lending interest rates; direct credit institutions to direct credit to production and business sectors, priority sectors and growth drivers.
Urgently consider removing administrative tools in credit growth management; transfer credit growth management to market mechanisms and risk assessment of each credit institution, develop a set of criteria for credit safety control; complete in July 2025 in accordance with the direction of the Prime Minister in Official Dispatch No. 104/CD-TTg dated July 6, 2025.
Previously, at a press conference to inform about the banking sector's performance in the first 6 months of 2025. Deputy Governor Pham Thanh Ha said that with synchronous solutions, credit growth was positive from the beginning of the year, significantly improving compared to the same period in 2024. By June 30, economic credit reached over 17.2 million billion VND, up 9.9% compared to the end of 2024, up 19.4% compared to the same period in 2024. This is the highest growth rate since 2022.
According to the State Bank's leaders, in the first 6 months of 2025, the State Bank will continue to maintain the operating interest rates to create conditions for credit institutions to access capital from the State Bank at low costs, thereby creating conditions to support the economy.
At the same time, the State Bank regularly directs credit institutions to continue to reduce operating costs, increase the application of information technology, digital transformation and other solutions to strive to lower lending interest rates.
“Thanks to the above solutions, the average lending interest rate (applied to new loans) has decreased by 0.64% compared to the end of 2024. The current average lending interest rate is 6.24%,” said the Deputy Governor.
According to Mr. Pham Thanh Ha, the State Bank regularly directs credit institutions to promote credit growth while ensuring credit safety, focusing credit on production and business sectors, priority sectors and economic growth drivers according to the Government's policy; strictly controlling credit for sectors with potential risks; continuing to implement solutions to create favorable conditions for customers to access bank credit capital.
The Deputy Governor emphasized that the State Bank always closely monitors developments in the domestic and international macro-economy, financial and monetary markets to develop appropriate management scenarios; proactively, flexibly, promptly and effectively manage monetary policy, closely and synchronously coordinate 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.
Source: https://baolamdong.vn/tang-cuong-quan-ly-tin-dung-thu-tuong-yeu-cau-hoan-tat-xay-dung-bo-tieu-chi-kiem-soat-an-toan-trong-thang-7-382160.html
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