HCMC – Vietnam’s central bank, the State Bank of Vietnam (SBV), has set a credit growth target of around 16% for this year. This target aligns with the Government’s goal of achieving economic growth of 8% or higher.
Dao Minh Tu, permanent deputy governor of the SBV, presented the central bank’s plan to meet this goal at a Government meeting on February 5. He emphasized the need to ensure sufficient liquidity for commercial banks and maintain sound monetary policy to attract deposits.
The SBV will adjust interest rates in line with economic conditions and encourage commercial banks to lower lending rates by reducing operational costs.
The central bank plans to create favorable conditions for banks to expand lending while maintaining overall financial stability.
The SBV will continue to monitor the foreign exchange market and intervene when necessary to ensure foreign exchange market stability. Programs supporting businesses and individuals through preferential lending rates will also be sustained.
The 16% credit growth target for 2025 is higher than the 15.08% achieved in 2024, reflecting the SBV’s commitment to ensuring sufficient funding to drive economic growth.
