At the press conference of the third quarter of 2025 of the State Bank, a representative of the monetary policy department (MBSP) said that the Government and the State Bank have issued many important instructions to support the economy, especially in interest rate management and credit orientation.
Regarding interest rates, according to the representative of the monetary policy department, to ensure a reduction in lending interest rates, from 2022 to present, the State Bank has made great efforts to persistently reduce interest rates, through many solutions. Interest rates have decreased sharply compared to the previous period.
One of the solutions implemented is to apply digital transformation, cut costs, especially operating and personnel costs, under the close direction of the State Bank. In addition, credit institutions and commercial banks also participate strongly in this process.
The State Bank regularly, continuously and persistently maintains liquidity, provides low-cost and stable capital for credit institutions, thereby facilitating lending interest rate reduction. Thanks to that, lending interest rates continue to decrease, contributing to cutting capital costs, supporting production and business activities, and promoting consumption.
The State Bank also regularly reviews and directs commercial banks to implement measures to maintain reasonable interest rates, in line with macro developments and operational goals.
Regarding credit management, a representative of the monetary policy department said that since the beginning of the year, the State Bank has set a goal of operating credit close to the target, ensuring capital supply for the economy. With the current credit growth rate, it is expected that by the end of 2025, credit in the whole system will have the potential to grow by about 1920%, both supporting production and priority sectors, ensuring credit quality and controlling bad debts.
Credit management solutions have been strictly implemented, both meeting the capital needs of the economy and limiting risks. This is an important basis for maintaining macroeconomic stability and supporting sustainable growth, emphasized a representative of the monetary policy department.
