Deputy Governor of the State Bank Doan Thai Son answers questions at the press conference. Photo: Hoang Tung
At the regular September Government press conference organized by the Government Office on the afternoon of October 5, Deputy Governor of the State Bank of Vietnam Doan Thai Son said that as of September 29, 2025, the total outstanding credit balance of the entire system reached about 17.71 million billion VND, an increase of 13.37% compared to the end of 2024, adding about 2 million billion VND to the economy compared to the end of 2024, this is also the highest credit growth rate since 2020.
Credit structure of sectors is consistent with economic structure (by the end of July 2025): Credit proportion for three economic sectors: agriculture, forestry and fishery accounts for 6.23%; industry - construction accounts for 23.97%; trade - services accounts for 69.8%.
Credit capital continues to be directed to production and business sectors, priority sectors, about 78% of the economy's outstanding loans serve the production and business sectors. Some priority sectors under the direction of the Government and the Prime Minister account for a large proportion (by the end of August 2025): the agricultural sector reached over VND 3.9 million billion, accounting for 22.76%; small and medium enterprises reached over VND 3.3 million billion, accounting for 19.04% or have high growth rates such as: supporting industries reached VND 574 trillion, up 23.14% and high-tech enterprises reached VND 76 trillion, up 25.74%.
Credit programs under the direction of the Government and the Prime Minister continued to be organized and implemented and achieved positive results. The loan program to remove difficulties for the forestry and fishery export sector has disbursed a cumulative amount of nearly 106,000 billion VND, exceeding the set target and continued to be expanded to increase the scale of the 4th program to 185,000 billion VND. Or the social housing loan program and loan program for young people under 35 years old to buy social housing according to Resolution 33/NQ-CP of the Government also achieved certain results, disbursing about 4,700 billion VND (an increase of 66.2% compared to the end of 2024). In addition, many commercial banks have proactively researched and implemented a housing loan program (commercial) for people under 35 years old to buy houses. 4 commercial banks alone (by the end of July 2025) have disbursed nearly VND 19,335 billion.
Deputy Governor Doan Thai Son assessed that credit policy has actively supported key economic sectors, contributing to the overall growth target, while ensuring risk control and stabilizing the monetary market.
In the coming time, to achieve the credit growth target set for 2025 to contribute to supporting economic growth, the State Bank will continue to implement key credit solutions. That is, to continue to perfect the institutions and regulations on synchronous banking credit activities, in accordance with practical requirements to increase supply capacity, better meet the needs of credit and banking services of the economy.
The Bank also operates a proactive, flexible, timely, effective monetary policy, in close and harmonious coordination with fiscal policy and other policies, contributing to prioritizing the strong promotion of economic growth associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy. Credit management is consistent with macroeconomic developments, meeting credit capital needs, and consistent with the economy's capital absorption capacity.
The State Bank directs credit institutions to increase credit growth safely and effectively, directing credit to production and business sectors, priority sectors and economic growth drivers; strictly control credit in potentially risky sectors; continue to promote the implementation of credit programs and policies according to the policies of the Government and the Prime Minister.
The Bank also submitted to the Government a Decree regulating the interest rate support of 2%/year from the state budget for enterprises in the private economic sector, business households, and individual businesses to borrow capital to implement green and circular projects and apply the ESG standard framework.
Deputy Governor of the State Bank Doan Thai Son said that in 2025, to contribute to the Government's target of economic growth of over 8% and strive to achieve double-digit growth in the next term, the State Bank has set a credit growth target of about 16% in 2025 and adjusted it to suit actual conditions.
Since the beginning of 2025, the State Bank has implemented synchronous solutions to achieve the target of economic growth and stabilize macroeconomic indicators. The State Bank has effectively implemented key tasks since the beginning of the year, notably perfecting policy mechanisms, issuing many directive documents and organizing thematic meetings with the banking system and enterprises. The goal is to ensure safe and effective credit growth, while directing credit to support production and business activities, prioritizing capital for economic growth sectors.
Strict control of credit in potentially risky areas is also emphasized. At the same time, the State Bank promotes digital transformation and administrative procedure reform to facilitate people and businesses to access capital for production and business.
Source: https://vtv.vn/pho-thong-doc-doan-thai-son-tang-truong-tin-dung-cao-nhat-ke-tu-nam-2020-den-nay-100251006080928696.htm
Comment (0)