By 2025, credit will increase by 16%, moving towards abolishing credit 'room'

That is the credit management orientation in 2025 just announced by the State Bank tonight, December 30.

The State Bank expects credit growth for the entire system in 2025 to be about 16% - Photo: TU TRUNG

In a press release issued on the evening of December 30 to the press, the State Bank said it had sent a document to credit institutions informing them of the principles for assigning credit growth in 2025. The goal is to create favorable conditions for credit institutions to provide credit capital to meet economic growth needs.

The State Bank affirmed that in 2025, it will continue to implement credit management solutions in line with macroeconomic developments to contribute to promoting economic growth and controlling inflation.

The credit growth target assigned to a credit institution is based on the 2023 rating results as prescribed in Circular 52 of 2018 of the State Bank (amended and supplemented) multiplied by the coefficient commonly applied to banks.

Accordingly, the State Bank expects system-wide credit growth in 2025 to be about 16%.

At the same time, the State Bank continues to implement a roadmap to limit and eventually eliminate the management of credit growth targets for each credit institution according to Resolution No. 62/2022 of the National Assembly.

The State Bank requires credit institutions to conduct safe and effective credit growth in accordance with the law on the basis of risk management capacity, liquidity and capital mobilization capacity, ensuring credit quality, using capital for the right purposes, limiting the increase and occurrence of bad debts, and ensuring operational safety.

Credit growth is correct and targeted, going into production and business sectors, priority sectors and growth drivers according to the Government's policies.

On the other hand, credit institutions must strictly control credit in areas with potential risks; improve credit assessment and appraisal capacity; promptly detect and strictly handle violations of the law in credit granting activities.

To have room to continue striving to reduce lending interest rates, the State Bank requires credit institutions to continue to cut costs, increase the application of information technology, digital transformation, etc.

Source: https://tuoitre.vn/nam-2025-tin-dung-tang-16-tien-toi-bo-giao-room-tin-dung-2024123021111037.htm