Credit reached over 18.2 million billion VND, up 16.56% compared to the end of 2024

Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha said that for most of 2025, the world economy will fluctuate unpredictably and complicatedly due to geopolitical tensions and climate change. Although global inflation has cooled down, there is still a potential risk of rising again, and the world economy will recover slowly...

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha informed about monetary policy management solutions to contribute to controlling inflation and stabilizing the macro- economy . Photo: VGP

At the Government press conference on the afternoon of December 6, according to Deputy Governor Pham Thanh Ha, in Vietnam, credit growth is positive compared to previous years. As of November 27, 2025, economic credit reached over VND 18.2 million billion, up 16.56% compared to the end of 2024. In the same period of 2024, credit increased by 11.47% compared to the end of 2023; at the end of 2024, it increased by 15.09% compared to the end of 2023.

The global context may affect the management in controlling inflation and stabilizing the monetary market in the context of Vietnam's economy being highly open and deeply integrated with the global economy. In that context, closely following the directions of the Government and the Prime Minister, the State Bank has proactively and promptly implemented synchronous management solutions to control inflation, contributing to maintaining macroeconomic stability and promoting sustainable economic growth.

According to the leaders of the State Bank, the liquidity of the credit institution system is still guaranteed, the monetary market is basically stable, and the exchange rate moves flexibly in accordance with market conditions. In particular, the lending interest rate level continues to remain stable with a downward trend. The foreign exchange market is smooth, and legitimate foreign currency needs are fully and promptly met.

“The results achieved in monetary policy management have contributed to controlling inflation well and are consistent with the targets set by the National Assembly and the Government (average CPI in the first 11 months of 2025 is 3.29% (target is 4.5 - 5%), core inflation is 3.21%; GDP growth in the first 9 months of 2025 is 7.85%, continuing to maintain growth momentum, helping Vietnam continue to maintain a stable macroeconomic foundation”, said Mr. Pham Thanh Ha.

In the coming time, the State Bank will continue to closely monitor developments and the macroeconomic situation, domestic and foreign financial and monetary markets, including the US Federal Reserve's (Fed) interest rate decision and its roadmap and orientation on interest rates to be announced in the middle of next week to proactively and flexibly manage monetary policy tools; closely coordinate with fiscal policy and other macroeconomic policies to continue to flexibly support liquidity for credit institutions through many channels, thereby stabilizing the monetary and foreign currency markets, especially during the peak period at the end of the year.

Source: https://baotintuc.vn/kinh-te/tin-dung-dat-tren-182-trieu-ty-dong-tang-1656-so-voi-cuoi-nam-2024-20251206190124174.htm