Credit in the banking sector is growing strongly.

(Baohatinh.vn) - The 10.5% growth in outstanding credit in Ha Tinh's banking sector shows a clear recovery of the economy, demonstrating the ability to absorb capital not only in production and business but also in consumer spending.

Over the past period, the State Bank of Vietnam (SBV) has managed monetary policy flexibly and promptly; coordinating synchronously with fiscal policy and other macroeconomic policies, contributing to prioritizing the strong promotion of economic growth while maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy.

The State Bank of Vietnam (SBV) also regularly directs credit institutions to continue reducing operating costs, strengthening the application of information technology, digital transformation, and striving to lower lending interest rates. In general, average lending interest rates have remained stable recently, creating favorable conditions for businesses and individuals to access investment loans.

Approximately 70% of credit demand in Ha Tinh is concentrated in the production and business sector, a priority area.

From the third quarter of 2025 onwards, the demand for investment loans from businesses, cooperatives, and individual business households in Ha Tinh is expected to increase sharply. This provides a basis for banks to increase credit growth in promising sectors.

Mr. Nguyen Quang Vu – Director of Hang Vu General Services Co., Ltd. (Song Tri Ward) said: "We have just converted our business model from a household business to an enterprise, so we need a large amount of capital to increase our scale of operations. We have approached banks for loans and requested an increase in credit limits to have more resources for investment. At this time, interest rates for production and business loans are stable, creating favorable conditions for businesses to invest."

Mr. Tran Phu Vinh – Head of Planning and Finance Department ( BIDV Ha Tinh) said: “The branch's outstanding loan balance currently stands at over 8,700 billion VND, a growth of over 12% compared to the beginning of the year. Besides production, business, and investment capital for key projects within and outside the province, BIDV Ha Tinh is attracting attention in the market with a 40,000 billion VND home loan package specifically for young people under 35 years old. With this loan package, customers enjoy a fixed interest rate of 5.5% for the first 3 years, are exempt from principal repayment for the first 5 years, and have a maximum loan term of 40 years. This is one of the “catalysts” to boost consumer credit at the branch.”

BIDV Ha Tinh's outstanding loan balance currently stands at over 8,700 billion VND.

Customer TVN (33 years old, Thanh Sen ward) shared: "I recently accessed a credit package at BIDV Ha Tinh with a fairly large loan amount to buy land, build a house, and stabilize my life. Currently, for the consumer loan segment, the lending interest rate is 'quite cheap,' creating favorable conditions for people, especially young people, to settle down and build a career."

In line with the economic growth, VietinBank Ha Tinh is also providing a diverse range of credit packages for both individual and corporate customers, including mortgage loans (such as home purchase loans, business loans using land title deeds), unsecured loans (consumer loans without collateral), and specialized loan packages (such as tuition fee loans). These loan packages have many advantages such as large loan limits, competitive interest rates, and flexible terms, helping to meet the diverse needs of customers. Thanks to its flexible and proactive solutions, this bank has achieved impressive credit growth of over 16% compared to the beginning of the year.

For non-state-owned joint-stock commercial banks, strong credit growth was also recorded, such as: LPBank's Bac Ha Tinh branch growing by 158% compared to the beginning of the year, SHB Ha Tinh growing by 103% compared to the beginning of the year…

The pilot project for social housing in Thach Linh ward (now Thanh Sen ward), phase II, is currently underway and will provide a boost to credit growth.

In the final months of the year, production and business credit is expected to be vibrant, driven by the credit needs of individuals and businesses. Furthermore, the consumer credit segment also promises good growth as the banking sector is actively implementing preferential credit programs to serve essential living needs such as buying houses and cars, including programs for social housing, worker housing, and the renovation and reconstruction of old apartment buildings under Resolution 33/NQ-CP (currently worth 145,000 billion VND). In particular, the pilot social housing project in Thach Linh ward (now Thanh Sen ward), phase II, is underway and will provide a boost to credit growth for banks in Ha Tinh.

According to data from the State Bank of Vietnam Region 8, the total outstanding loans of the banking sector in Ha Tinh province are estimated to reach approximately VND 120,380 billion by August 31, 2025, an increase of about 10.5% compared to the beginning of the year.

It is known that currently about 70% of credit demand in Ha Tinh is concentrated in the production and business sector, a priority area. Therefore, the growth in credit shows a clear recovery of the economy in the face of pressures from military and trade conflicts around the world. Clearly, in the face of market fluctuations, the business community in Ha Tinh has proactively responded flexibly and recorded positive results in the production and business landscape, creating momentum for credit growth.

The total outstanding loans of the banking sector in Ha Tinh province are estimated to reach approximately 120,380 billion VND by August 31, 2025.

Mr. Nguyen Van Trung, Deputy Director of the State Bank of Vietnam, Region 8, stated: In the coming period, the State Bank of Vietnam will continue to strengthen its direction to credit institutions in the area to promote credit growth while ensuring credit safety; focus credit on production and business sectors, priority sectors, and economic growth drivers in accordance with the Government's policies; and continue to implement solutions to facilitate customers' access to bank credit. At the same time, special priority will be given to funding key projects in the province to ensure progress and contribute to promoting economic growth in Ha Tinh.

Source: https://baohatinh.vn/tin-dung-nganh-ngan-hang-tang-truong-manh-post294548.html