On July 31, the State Bank of Vietnam (SBV) announced that it had adjusted the credit growth target (TTTD) for credit institutions (CIs) in 2025 to increase. The addition of limits is carried out publicly, transparently and according to specific principles, credit institutions do not need to make recommendations.
According to the SBV, since the beginning of 2025, the TTTD target has been assigned to TCTDs. As of July 28, the credit of the whole system increased by 9.64% compared to the end of 2024. This adjustment move is taken in the context of controlling inflation in line with the goals of the National Assembly and the Government, in order to meet the capital needs of the economy.
The SBV requires credit institutions to strictly implement the instructions of the Government, the Prime Minister and the SBV, focusing on improving operational efficiency, ensuring system safety and stabilizing the currency market.
Accordingly, credit growth must be directed towards the production and business sector, priority sectors and growth drivers, while strictly controlling credit for areas with potential risks. The SBV also requires maintaining stable deposit interest rates and striving to reduce lending interest rates through cost reduction, technology application, procedure simplification and restructuring the apparatus.
The management agency recommends that credit institutions continue to remove difficulties in accessing capital for businesses and people, while complying with regulations on credit granting, safety assurance ratios, debt classification, provisioning, risk control and bad debt handling.
The SBV said it will continue to closely monitor domestic and international market developments, be ready to support liquidity and promptly have appropriate monetary policy management solutions.
