Since the beginning of the year, the State Bank of Vietnam (SBV) has continued to operate monetary policy in a loose direction, supporting economic growth recovery; increasing access to capital for the business community and people.
The State Bank of Vietnam has directed credit institutions to reduce operating costs, strive to lower lending interest rates, and publish lending interest rate information for customers to refer to when accessing loans.
By September 30, 2025, the average lending interest rate for new transactions of commercial banks will be 6.54%/year, down 0.4%/year compared to the end of 2024.
In Ha Tinh , the average lending interest rate for new transactions of commercial banks is 6.4%/year. The average short-term lending interest rate in VND for priority sectors is about 3.9%/year, lower than the maximum short-term lending interest rate as prescribed by the State Bank (4%/year).
Usually at the end of the year, the demand for capital for production, business and consumption increases sharply, and some banks will adjust their lending interest rates gradually. However, in the fourth quarter of this year, credit institutions maintained stable interest rates under the direction of the Government and the State Bank of Vietnam. In the context of the economy still facing many unpredictable developments and Ha Tinh has just suffered heavily from natural disasters, stabilizing interest rates is a favorable condition for people and businesses to restore production and business, reaching the target of 2025.
At Mitraco Ha Tinh Livestock Joint Stock Company (Ha Huy Tap Ward), storm No. 10 damaged many infrastructure items and increased the risk of disease in the pig herd. In the context of high recovery and disease prevention costs, stable lending interest rates have helped businesses boldly propose to banks to increase credit scale to have enough resources to maintain the production chain. Thereby contributing to stabilizing the livestock industry in Ha Tinh at the end of the year.
Not only businesses, many households in Ha Tinh also benefit from the stable interest rate policy.
Mr. Nguyen Van Tien (born in 1964, Chua village, Thien Cam commune) said: "After the fishing boat was damaged by waves in storm No. 10, my family had to borrow more capital to buy a new boat. Although the old debt has not been paid off, thanks to the stable loan interest rate (about 6%/year), we boldly invested to go offshore and stick to the sea."
In the last months of 2025, credit at Agribank Ha Tinh II Branch increased sharply with total outstanding debt as of October 9, 2025 reaching VND 18,767 billion, up 16.25% compared to the beginning of the year. Notably, the "bank" is "running" a credit package to support interest rates for customers affected by natural disasters.
According to Mr. Vo Minh Manh - Deputy Director of Agribank Ha Tinh II Branch: Committed to accompanying and sharing difficulties with people in areas affected by natural disasters, contributing to economic recovery and development, Agribank has implemented a credit package of 5,000 billion VND with preferential interest rates to support individual customers to overcome damage caused by storms and floods. From now until December 31, 2025, Agribank will reduce the maximum interest rate by 1%/year compared to the normal lending rate, supporting customers to restore production and business, serving the needs of life after storms and floods.
Along with the commercial banking sector, the Social Policy Bank of Ha Tinh province also reduced the interest rate of the social housing loan program by 1.2% per year, supporting people to build new, repair, buy or rent houses to improve their quality of life.
Mr. Le Cong Hoang (Can Loc commune) shared: “My family borrowed 800 million VND from the Social Policy Bank to build a new house. When the interest rate decreased from 6.6% to 5.4%/year, the financial pressure was also relieved, we felt more secure to stabilize our lives.”
In general, in addition to maintaining a stable interest rate level, directing credit to the right focus and the right target will help bank capital flow spread more strongly to key economic areas and groups affected by natural disasters, while effectively supporting the process of economic and social recovery and development at the end of the year.
In the fourth quarter of 2025, the State Bank of Vietnam (SBV) Region 8 will direct credit institutions in Ha Tinh to synchronously deploy many solutions to support the local economy. Accordingly, it will reduce operating costs, create conditions to reduce lending interest rates, help businesses and people access capital more conveniently; promote credit for production, business, and reasonable consumption; promptly deploy preferential credit packages to fully meet customers' capital needs.
At the same time, credit institutions have increased support for those affected by natural disasters and epidemics, helping to restore production activities and stabilize life; improve credit quality, ensure credit growth associated with effective risk control, contributing to socio-economic stability. The goal is to create a healthy credit environment, promote sustainable local economic development, and ensure the safety of the banking system.
It can be seen that the stable and flexible interest rate management policy of the State Bank of Vietnam, along with the support of the banking system, is creating an important financial "blood flow" for the economy. This is not only a driving force to help businesses and people in Ha Tinh recover from natural disasters, but also contributes to promoting sustainable economic growth in the last months of the year.
Source: https://baohatinh.vn/on-dinh-lai-suat-kich-hoat-dong-von-phuc-hoi-kinh-te-cuoi-nam-post297712.html
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