Banking industry credit growth is strong

(Baohatinh.vn) - Outstanding credit balance of Ha Tinh Banking sector increased by 10.5%, showing a clear recovery of the economy, capital absorption not only in production and business but also in consumer life.

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

The State Bank of Vietnam also regularly directs credit institutions to continue to reduce operating costs, increase the application of information technology, digital transformation, and strive to lower lending interest rates. In general, the average lending interest rate has been stable over the past time, creating conditions for businesses and people to access investment loans.

About 70% of credit demand in Ha Tinh is focused on production and business, priority sectors.

From the third quarter of 2025 onwards, the demand for investment loans from enterprises, cooperatives, and individual business households in Ha Tinh tends to increase sharply. This is the basis for banks to increase credit growth in potential areas.

Mr. Nguyen Quang Vu - Director of Hang Vu General Services Company Limited (Song Tri Ward) said: "We have just converted our operating model from a business household 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 to increase our credit limit to have more investment resources. At this time, the lending interest rate for production and business is 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 debt is currently over VND 8,700 billion, an increase of over 12% compared to the beginning of the year. In addition to the fields of production, business, and capital investment for key projects and works inside and outside the area, BIDV Ha Tinh is attracting attention in the market with a home purchase credit package of VND 40,000 billion from the system 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, no principal repayment for the first 5 years, and a maximum loan term of 40 years. This is one of the "catalysts" to increase the branch's consumer credit".

BIDV Ha Tinh's outstanding debt currently reaches over 8,700 billion VND.

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

Along with the economy, VietinBank Ha Tinh is also providing a variety of credit packages for both individual and corporate customers, including mortgage loan products (such as home loans, business loans using red books), unsecured loans (consumer loans without collateral) and specialized loan packages (such as tuition loans). These loan packages have many advantages such as large limits, competitive interest rates and flexible terms, helping to meet the different needs of customers. With flexible and proactive solutions, this "bank" has an 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 Bac Ha Tinh branch grew 158% compared to the beginning of the year, SHB Ha Tinh grew 103% compared to the beginning of the year...

The pilot social housing project in Thach Linh ward, phase II (now Thanh Sen ward), is being implemented and will create momentum for credit growth.

In the last months of the year, production and business credit is expected to be vibrant due to the credit needs of people and businesses. In addition, the consumer credit segment also promises good growth as the banking industry is actively implementing preferential credit programs to serve essential living needs such as buying houses, buying cars, etc., including the social housing loan program, worker housing, renovation and reconstruction of old apartments according to Resolution 33/NQ-CP (currently VND 145,000 billion). In particular, the pilot social housing project in Thach Linh ward, phase II (now Thanh Sen ward) is being implemented, which will create a driving force for credit growth for banks in Ha Tinh.

According to data from the State Bank of Vietnam, Region 8, the total outstanding debt of the Ha Tinh banking sector is estimated to reach about VND 120,380 billion as of 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 focused on the production and business sector, a priority sector. Therefore, credit growth shows a clear recovery of the economy in the face of pressure from military and trade conflicts in the world. Obviously, in the face of market fluctuations, the business community of Ha Tinh has proactively responded flexibly and recorded positive results in the production and business picture, creating momentum for credit growth.

The total outstanding debt of Ha Tinh Banking sector is estimated to reach about 120,380 billion VND by August 31, 2025.

Mr. Nguyen Van Trung - Deputy Director of the State Bank of Vietnam Region 8 said: In the coming time, the State Bank will continue to strengthen the direction of credit institutions in the area to promote credit growth while ensuring credit safety; focus credit on production - business sectors, priority sectors and economic growth drivers according to the Government's policy; continue to implement solutions to create favorable conditions for customers to access bank credit capital. At the same time, special priority will be given to capital sources for key projects and works of the province to ensure progress, contributing to promoting economic growth of Ha Tinh.

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