Boosting credit capital for businesses in the Southeast region

Conference "Promoting bank credit to contribute to economic growth in region 12" - Photo: VGP/LA

On April 1, in Dong Nai, the State Bank of Vietnam (SBV) held the Announcement of the Decision to establish and launch SBV Region 12 and the Conference "Promoting bank credit to contribute to economic growth in Region 12".

Attending the conference were comrade Pham Tien Dung, Deputy Governor of the State Bank of Vietnam; representatives of leaders, departments, associations, and enterprises of provinces in region 12 (Dong Nai, Ba Ria - Vung Tau, Binh Duong, Binh Phuoc, Tay Ninh).

According to the assessment of the State Bank, Region 12 in the Southeast region is a dynamic economic region of the country, contributing greatly to economic growth, attracting foreign investment and creating jobs. Many large projects in the region also create important momentum, promoting comprehensive transformation for economic development such as: Long Thanh International Airport; Nhon Trach 3, 4 power projects; Bien Hoa - Vung Tau expressway,... The State Bank assesses that this is a region with a lot of potential to attract mobilized capital as well as the ability to increase the scale of outstanding credit in the coming time.

In recent times, the banking sector has actively implemented synchronous solutions to promote credit growth to meet the capital needs for production and business of people and enterprises in Region 12 and has achieved quite positive results. According to statistics from the State Bank of Vietnam, outstanding credit balance by the end of March 2025 is estimated at more than VND 1,189,327 billion, up 0.86% compared to the beginning of the year, of which Dong Nai and Ba Ria Vung Tau recorded good growth, the remaining provinces decreased slightly compared to the beginning of the year.

Along with that, credit for priority sectors continued to grow steadily, the preferential interest rate credit package for the forestry and fishery sectors continued to disburse well, the preferential credit package of 145 trillion VND for social housing loans after a period of drastic implementation has also begun to generate outstanding loans. The restructuring of debt repayment terms and maintaining the debt group according to Circular 02/2023/TT-NHNN has been effectively implemented in the past time, directly supporting to remove difficulties for customers, contributing to promoting recovery and positively contributing to the development of the local economy.

Deputy Governor of the State Bank of Vietnam Pham Tien Dung suggested that banks in Region 12 thoroughly grasp the pioneering spirit and take the lead in promoting growth and controlling inflation - Photo: VGP/LA

The Policy Bank system in Region 12 is currently providing credit to poor households, near-poor households, and policy beneficiaries under 21 credit programs. As of February 28, 2025, outstanding loans at the Social Policy Bank system in the region reached VND 25,470 billion.

Ensuring capital for production and business, contributing to the region's growth of over 8%

At the conference, delegates focused on exchanging and discussing credit policies, including credit for priority areas; lending interest rate policy; the ability to effectively expand credit in 2025 to contribute to promoting sustainable economic growth; orientations on credit activities in the coming time...

Speaking at the conference, Deputy Governor of the State Bank of Vietnam Pham Tien Dung said that the State Bank of Vietnam has set a target of 16% national credit growth (i.e. an increase of VND2.5 million billion). With this general growth rate, Region 12 needs to increase its credit scale by about VND189 trillion. This is a challenge that requires the efforts of the entire banking sector, cooperation from customers, businesses and support from the political system in general, especially the attention of local authorities.

Deputy Governor of the State Bank of Vietnam Pham Tien Dung suggested that the banking sector in general and regional banks in particular should thoroughly grasp the pioneering spirit and take the lead in promoting growth, controlling inflation, and stabilizing the macro economy; at the same time, strive to achieve the credit growth target of more than 16% to support capital for the economy. Resolutely implement solutions for credit growth that are correct and on target right from the beginning of the year, promptly meet the credit capital needs of the economy, direct credit to production and business sectors, priority sectors and economic growth drivers according to the policies of the Government and the Prime Minister; strictly control credit for sectors with potential risks, ensuring safe and effective credit activities.

Announcing the decision to establish and launch the State Bank of Vietnam Region 12 - Photo: VGP/LA

In addition to the above solutions, Deputy Governor of the State Bank of Vietnam Pham Tien Dung said that the banking sector needs the coordination of relevant departments, branches, associations and unions in Region 12 to implement effective and synchronous solutions and policies. Thereby, helping people and businesses in the Region stabilize production and business, develop sustainable socio-economic development, contributing to the implementation of economic growth targets set by the Government and localities.

Linh Anh

Source: https://baochinhphu.vn/day-manh-von-tin-dung-cho-doanh-nghiep-khu-vuc-dong-nam-bo-102250401185038239.htm