The demand for medium and long-term capital for development investment is increasing, while the current capital structure is still heavily dependent on bank credit. Long-term capital mobilization channels such as the stock market, investment funds or financial institutions still have much room for development. Diversifying capital channels, improving market quality and increasing resource allocation efficiency therefore becomes an important requirement to support sustainable growth.
Exchanging at the Workshop "Effectively mobilizing capital sources, serving the goal of double-digit growth" on March 12, Mr. Nguyen Quang Ngoc - Deputy Head of Credit Policy Department, Vietnam Bank for Agriculture and Rural Development (Agribank) expressed that in order to successfully complete the task of providing capital for the economy, contributing to completing the economic growth scenario in 2026, Agribank proposed a number of recommendations.
First, Agribank proposed that the National Assembly and the Government consider and soon approve the plan to supplement charter capital for the period 2025-2027, and at the same time have a mechanism to supplement charter capital from annual profits for State-owned commercial banks (NHTM). This is to strengthen the financial capacity and credit granting capacity of Agribank and state-owned commercial banks as a capital supply channel for the economic sector.
Second, the Government directs ministries and sectors to accelerate the completion of the mechanism for connecting and sharing data to serve credit appraisal and fraud prevention, especially databases on population, land, business registration and taxes.
Third, request agencies, units, and authorities at all levels to support Agribank in handling debts, seizing collateral, and handling collateral that has been seized according to the amended Law on Credit Institutions in 2025.
From the central bank side, Comrade Pham Thanh Ha - Deputy Governor of the State Bank of Vietnam has made a number of commitments to support the banking system.
Regarding capital, the State Bank of Vietnam is committed to ensuring sufficient capital supply for the economy, businesses and projects.
Regarding cost of goods sold, the banking industry will continue to reduce costs and strive to reduce lending interest rates for customers.
Regarding prices and interest rates, the bank is committed to having good prices, striving to continue to reduce costs to reduce interest rates for customers borrowing capital.
For processes and procedures, the banking industry will continue to simplify, while promoting the application of science and technology, digital transformation and information technology in the credit granting process as well as risk management.
According to Mr. Pham Thanh Ha, one of the problems of state-owned commercial banks, including Agribank, is increasing capital. Resolution No. 79-NQ/TW of the Politburo on state economic development has a policy of keeping profits to increase capital for state-owned commercial banks.
Representatives of the State Bank of Vietnam proposed that the National Assembly should institutionalize it by law, and the Ministry of Finance supports in principle for state-owned commercial banks to use the achievements of the banks themselves to increase capital. Increasing capital not only improves financial capacity, but also to provide more capital for the economy.
The leverage of the banking system is very large, one dong of increased capital can increase about 15-20 dong of credit capital for the economy. The leverage of the banking system is of such significance" - Mr. Ha emphasized.
