Deputy Governor Doan Thai Son said that based on the Government's target of economic growth and GDP index, the State Bank has set a credit growth target of 16% for 2025. The State Bank has also clarified that there will be adjustments in accordance with the reality during the operation process.
To manage credit growth, since the beginning of 2025, the State Bank has issued many documents, including Document No. 01/NHNN on implementing credit factors as well as organizing many conferences and meetings related to credit connection between banks and businesses.
The State Bank regularly directs credit institutions to focus on: Firstly, growing credit safely and effectively, directing credit to priority production and business sectors, economic growth drivers in accordance with the policies of the Government and the Prime Minister .
At the same time, actively implement credit conditions and strictly control credit in areas with potential risks.
Second, promote digital transformation, simplify administrative procedures and lending procedures, create favorable conditions for people and businesses to access bank credit sources, and promote production and business development.
“With the synchronous implementation of such solutions, as of September 29, the total outstanding credit balance of the whole system reached 17.41 million billion VND, an increase of 13.4% compared to the end of 2024,” said Mr. Doan Thai Son.
In particular, the credit structure of the sectors is basically consistent with the economic structure. The credit proportion for the three major economic sectors is respectively: Agriculture, forestry and fishery accounts for 6.23%; industry and construction accounts for 23.97%; trade and services account for 69.8%. Compared to the same period in 2024, these rates are 6.84%, 25.65% and 67.51% respectively. Thus, despite fluctuations, there is still growth in general.
Deputy Governor of the State Bank of Vietnam Doan Thai Son said that credit capital continues to be directed towards production and business, of which about 78% of outstanding credit supports production and business. A number of priority areas under the direction of the Government and the Prime Minister account for a very large proportion. Specifically, at the end of August 2025, outstanding agricultural debt reached 3.9 million billion VND, accounting for about 22.6%; credit for small and medium enterprises reached about 3.3 million billion VND, accounting for 19.04%.
Some priority sectors have very high growth rates, such as the technology - supporting industry sector growing by about 23.4%, credit for high-tech enterprises growing by about 25.14% compared to the end of 2024.
Credit programs under the direction of the Government and the Prime Minister continued to be implemented and had positive results, such as: Loan program to overcome difficulties for the agricultural, forestry and fishery export sector with a total cumulative disbursement of about 166,000 billion VND, increasing the scale of this support.
Along with that, the social housing loan program and loans for young people under 35 years old according to Decision No. 33/QD-TTg of the Prime Minister also achieved disbursement results of about 4,000 billion VND, an increase of 66.2% compared to the end of 2024. In addition, the State Bank has also deployed other credit packages.
In the coming time, to achieve the credit target set for 2025 and contribute to supporting the economy, the State Bank will continue to implement synchronous solutions. In particular, credit will be managed in accordance with macroeconomic guidelines and the economy's capital absorption needs; directing credit institutions to grow credit safely and effectively; directing credit to prioritized production and business and economic growth drivers.
In particular, strictly control credit for areas with potential risks. At the same time, promote the implementation of programs and policies according to the policy of the Government, the Prime Minister and the State Bank on supporting 2% interest rate from the state budget for enterprises, cooperatives, business households and individual businesses to move towards green growth, circular economy and applying ESG standards framework.
Source: https://hanoimoi.vn/chuong-trinh-cho-vay-nha-o-xa-hoi-cho-vay-nguoi-tre-duoi-35-tuoi-giai-ngan-khoang-4-000-ty-dong-718521.html
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