Credit growth in 2025 is about 16%

The State Bank of Vietnam projects credit growth across the entire banking system to be around 16% in 2025.

Adhering closely to the Resolution of the National Assembly , the directives of the Government and the Prime Minister, State Bank of Vietnam It was stated that the government will continue to implement credit management solutions in line with macroeconomic developments to contribute to promoting economic growth and controlling inflation.

Accordingly, to facilitate credit institutions in providing credit capital to meet economic growth needs, on December 30, 2024, the State Bank of Vietnam issued a document to credit institutions publicly and transparently announcing the principles for allocating credit growth targets for 2025 so that credit institutions can proactively implement them.

The operator stated that the target level was set. credit growth The credit growth of credit institutions is based on the 2023 ranking results as stipulated in Circular 52/2018/TT-NHNN (amended and supplemented) multiplied by a coefficient applied generally to all banks. Accordingly, the State Bank of Vietnam projects system-wide credit growth of approximately 16% in 2025. Simultaneously, the State Bank of Vietnam continues to implement the roadmap to limit and eventually eliminate the allocation of credit growth targets to individual credit institutions, as stipulated in Resolution No. 62/2022/QH15 dated June 16, 2022, of the National Assembly.

The State Bank of Vietnam projects credit growth across the entire banking system to be around 16% in 2025. Photo: Duy Minh

The State Bank of Vietnam requires credit institutions to implement safe, effective, and legally compliant credit growth based on their risk management capacity, liquidity situation, and capital mobilization ability, ensuring credit quality, using capital for the intended purpose, limiting the increase and 발생 of bad debts, and ensuring operational safety.

"Credit growth should be targeted and directed towards production and business sectors, priority areas, and growth drivers in accordance with government policies; credit should be strictly controlled in areas with potential risks; credit assessment and appraisal capabilities should be enhanced; violations of the law in credit granting activities should be promptly detected and strictly handled; costs should be further reduced, and the application of information technology and digital transformation should be strengthened… to create room for further efforts to lower lending interest rates." - The State Bank of Vietnam requires this.

The regulator also affirmed that in 2025, it will closely monitor developments and the actual situation to manage credit growth of the banking system proactively, flexibly, promptly, effectively, and scientifically, closely following the situation to ensure that credit institutions provide sufficient credit capital to serve the economy and ensure the safety of the system, while prioritizing the promotion of economic growth, macroeconomic stability, and inflation control.

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