HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has increased credit growth quotas for banks, aiming for a system-wide loan expansion of around 16% in 2025.
As of July 28, total credit in the economy had risen 9.64% from the end of 2024, up from about 6% in the same period last year, according to SBV data.
The additional quotas would be allocated based on specific criteria to ensure transparency and compliance with government directives. The SBV said credit expansion must focus on production, priority sectors, and economic growth drivers, while maintaining safety and efficiency.
Banks were instructed to keep deposit rates stable and work to lower lending rates by cutting costs, using digital tools, and streamlining procedures. They must also comply with prudential regulations on capital safety ratios, credit limits, debt classification, and risk provisioning.
The central bank called for stricter credit risk management, including pre- and post-lending oversight, to curb bad debt and maintain credit quality.
The SBV said it will continue to monitor domestic and international market conditions and stand ready to provide liquidity support and adjust monetary policy as needed.
