Trang Chủ
In alignment with the National Assembly's Resolution and the directives of the Government and Prime Minister, the SBV is proactively, flexibly, promptly, and effectively managing the monetary policy in synchronous, harmonious, and close coordination with fiscal policy and other macroeconomic policies, prioritizing the robust promotion of economic growth while maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances. The SBV assigned credit growth targets to CIs at the beginning of 2025. As of July 28, 2025, credit growth across the entire system increased by 9.64% compared to the end of 2024.
With inflation remaining under control in line with targets set by the National Assembly and the Government, and in adherence to the Government's and Prime Minister’s directions on appropriate, timely, and effective credit growth management to meet the economy’s capital demands, the SBV announced on July 31, 2025 an upward adjustment to the 2025 credit growth targets for CIs, following specific, transparent principles. This additional allocation is a proactive measure by the SBV, meaning CIs do not need to submit requests.
The SBV also required CIs to strictly implement directives from the Government, Government leaders, and the SBV and to decisively take solutions regarding credit activities to enhance business efficiency, ensure system safety, and maintain money market stability. This includes promoting safe and effective credit growth, directing credit towards manufacturing, business, priority sectors, and economic growth drivers as per the Government's and Prime Minister's policies. Also, CIs have to tightly control sectors with potential risks, maintain stable deposit interest rates, and strive to reduce lending interest rates by cutting costs, increasing information technology applications, simplifying administrative procedures, and restructuring their organizational apparatus. Furthermore, CIs are to continue taking actions to alleviate difficulties for businesses and individuals in accessing credits, and provide credit to customers in strict accordance with legal regulations and the SBV's directives in Instruction No. 01/CT-NHNN dated January 20, 2025 on implementing key tasks of the banking sector in 2025. CIs must comply with legal provisions on capital adequacy ratios, credit lines for customers, loan classification, and risk provisioning. They should also strengthen credit risk control, implement measures to handle bad debts, limit the incurrence of new bad debts, conduct thorough appraisals before granting credits, and enhance pre- and post-credit inspections and supervision to ensure credit quality.
Going forward, the SBV will continue to closely monitor domestic and international market developments, remain ready to provide liquidity to CIs for supplying credit to the economy, and promptly adopt appropriate monetary policy measures.
Department of Research and International Cooperation (translation)
