Reviewing customers borrowing capital to support overcoming the consequences of storm No. 10

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha chaired the press conference.

At the press conference on the results of banking activities in the third quarter of 2025 organized by the State Bank of Vietnam (SBV) on the morning of October 3, Deputy Governor Pham Thanh Ha said that in order to promptly support people and businesses to overcome difficulties and restore production and business due to the impact of storm No. 10, on October 2, the SBV issued Document No. 8622/NHNN-TD.

Accordingly, the State Bank requires credit institutions to direct branches and transaction offices to proactively review and assess the situation of customers who are borrowing capital to promptly apply support measures and remove difficulties for customers such as: restructuring debt repayment terms, considering loan interest exemptions and reductions, continuing to provide new loans to restore production and business after the storm; handling debts for customers who have suffered loan losses; guiding customers who are borrowing capital to complete documents and implement debt handling measures if they arise.

For the State Bank branches in the regions will act as focal points to direct credit institutions in the area to urgently deploy customer support to help overcome the damage caused by storm No. 10; coordinate with Departments, branches and sectors in the area to advise the Provincial People's Committee on solutions to support people affected and areas damaged by storm No. 10.

Credit increased by 13.37% compared to the end of 2024

Also according to Deputy Governor Pham Thanh Ha, as of September 29, economic credit increased by 13.37% compared to the end of 2024. The credit structure continues to focus on production and business sectors, especially priority sectors and growth drivers according to the Government's policy.

The restructuring of the credit institution system continues to be promoted, the stability and safety of the system continue to be maintained, and the legitimate rights of depositors are guaranteed. Bad debts are focused on being handled and controlled in the context of economic and business difficulties, affecting the ability of enterprises to repay debts.

This result was achieved because since the beginning of the year, on the basis of closely monitoring the macroeconomic developments, domestic and foreign markets as well as closely following the Party's policies, the Resolutions of the National Assembly , the Government, and the Prime Minister's direction, the State Bank has proactively, flexibly, and synchronously operated monetary policy tools, closely coordinated with fiscal policy and other macroeconomic policies to control inflation, stabilize the macro economy, and promote economic growth.

Notably, to facilitate credit institutions in providing capital to meet economic growth needs, since the end of last year, the State Bank has sent a document to credit institutions announcing all credit growth targets for 2025, publicizing the principles for credit institutions to proactively implement.

Most recently, on July 31, 2025, the State Bank announced an adjustment to increase the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency. The addition of this limit is the initiative of the State Bank without the need for credit institutions to request it.

78% of outstanding loans serve production and business

Director of the Department of Credit for Economic Sectors Ha Thu Giang said that the credit structure of the sectors is consistent with the economic structure. Accordingly, the credit proportion for agriculture, forestry and fishery accounts for 6.23%; industry - construction accounts for 23.97%; trade - services accounts for 69.8% (in the same period in 2024, it was 6.84% - 25.65% - 67.51% respectively).

Credit capital continues to be directed to production and business sectors, priority sectors; in which 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: agriculture accounts for 22.76%; small and medium enterprises account for 19%...

Credit programs under the direction of the Government and the Prime Minister continued to be implemented, bringing positive results. The loan program for the agriculture, forestry and fishery sector has disbursed a cumulative amount of nearly VND 106,000 billion, exceeding the initial target and has just been expanded for the fourth time to VND 185,000 billion. The social housing loan program under Resolution 33 and the credit package to support young people under 35 years old to buy social housing also recorded positive results, with a total disbursement of about VND 4,700 billion, an increase of 66.2% compared to the end of 2024.

In addition, many commercial banks have proactively launched credit products specifically for young people buying houses; of which, four state-owned commercial banks have disbursed nearly VND19,335 billion.

In the coming time, the State Bank will continue to operate monetary policy in a proactive and flexible manner, closely following market developments. This agency will closely monitor the macroeconomic situation and inflation to make appropriate interest rate decisions; at the same time, it will require credit institutions to reduce costs, promote technology application, and digital transformation to create room for reducing lending interest rates. Credit capital will be focused on production - business and priority areas, while potentially risky loans will be strictly controlled.

Source: https://daibieunhandan.vn/ra-soat-khach-hang-vay-von-de-ho-tro-khac-phuc-hau-qua-bao-so-10-10388970.html