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| Deputy Governor Pham Thanh Ha chaired a press conference to inform about the State Bank's banking performance in the first 6 months of 2025. |
At the press conference to inform about the banking performance results in the first 6 months of 2025 held on the morning of July 18, the State Bank of Vietnam (SBV) said that as of June 30, economic credit reached over 17.2 million billion VND, an increase of 9.9% compared to the end of 2024.
Assessing the credit growth figure in the first half of the year, Mr. Pham Chi Quang - Director of the Monetary Policy Department said that this is a high growth rate, 2.5 times higher than the same period in 2024 with a very large amount of credit given to the economy.
According to Mr. Quang, capital is the lifeblood of the economy, so for the Vietnamese economy to achieve 8% growth this year and double-digit growth in the following years, credit is an indispensable driving force.
At the same time, he also said that with this year's inflation target of about 4.5%, higher than in 2024, the State Bank also has a lot of room for credit growth. However, along with promoting credit growth, the banking system also always pays attention to controlling bad debt, ensuring system safety, contributing to controlling inflation and stabilizing the macro economy.
Explaining the reasons for the rapid credit growth, Mr. Nguyen Xuan Bac, Deputy Director of the Monetary Policy Department, SBV said that, closely following the economic growth and inflation targets for 2025 set by the National Assembly and the Government, SBV has assigned all credit growth targets to banks from the beginning of the year, publicly and transparently announcing the principles for determining so that banks can proactively implement credit growth.
At the same time, the State Bank regularly directs credit institutions to promote credit growth while ensuring credit safety, focusing credit on production and business sectors, priority sectors and economic growth drivers according to the Government 's policy; strictly control credit for potentially risky sectors; continue to implement solutions to facilitate customers' access to bank credit capital.
At the same time, the banking sector actively implemented credit programs such as: Loan program for social housing, worker housing, renovation and reconstruction of old apartment buildings according to Resolution 33/NQ-CP (current scale is 145,000 billion VND); Credit program of 500,000 billion VND for loans to invest in infrastructure and digital technology to implement key/important national projects in the fields of transportation, electricity and digital technology according to the list announced by the Ministries and branches; loans for the fields of agriculture, forestry and fishery (increasing the scale to 100,000 billion VND)...
State Bank data shows that credit to the agricultural and rural sectors accounts for more than 23%, the construction sector accounts for 5.53%, wholesale and retail accounts for 23.74%, real estate business accounts for 18.47%...
In the second half of the year, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that the State Bank of Vietnam will continue to implement credit management solutions in line with macroeconomic developments, inflation and the economy's capital absorption capacity to contribute to promoting economic growth. Directing credit institutions to increase credit growth safely and effectively, directing credit to production and business sectors, priority sectors and economic growth drivers according to the direction of the Government and the Prime Minister; strictly controlling credit in potentially risky sectors.
Source: https://baodautu.vn/tin-dung-tang-gap-25-lan-cung-ky-cho-vay-kinh-doanh-bat-dong-san-chiem-1847-d325874.html
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