Vietnam Development Bank (VDB) said on April 29 that it had just organized an industry event with the theme "Journey of 20 years of joint development", marking the two-decade journey of formation, construction and maturity of an important policy financial institution of the Government.
Speaking at the opening ceremony, Mr. Le Van Hoan - Secretary of the Party Committee, Chairman of the VDB Board of Directors - emphasized that, on the foundation that has been accumulated, VDB will continue to strongly innovate, diversify resources, focusing on key areas such as strategic infrastructure, digital transformation, green transformation and sustainable development; thereby continuing to affirm its role as a financial institution of the State, contributing to creating growth drivers for the economy.
After 20 years of operation (2006-2026), VDB has gradually affirmed its role as an important financial tool of the Government in mobilizing and allocating resources for development investment. In the period 2006-2025, VDB's total capital reached more than 187,000 billion VND; total accumulated mobilized capital reached over 622,000 billion VND.
VDB has disbursed nearly 700 projects with a total capital of about 223,000 billion VND, focusing on key areas such as transport infrastructure, energy, water supply, industry and social security.
Through investment credit activities, VDB contributes to the implementation of many key national projects, supporting socio-economic development, especially in difficult and remote areas.
According to Dr. Nguyen Dinh Cung - former Director of the Central Institute for Economic Management Research, in the context of the economy setting high growth targets and transforming development models, the innovation of state investment credit is an urgent requirement.
Accordingly, it is necessary to clearly define state investment credit as a specific fiscal tool to support projects with large spillover effects but difficult to access market capital. VDB needs to be repositioned as a development financial institution of the Government, playing a leading role and mobilizing social resources, while overcoming the gaps in the long-term capital market.
From the perspective of policy research, Dr. Nguyen Minh Thao - Institute of Economic and Financial Strategy and Policy - believes that it is necessary to continue to improve the legal corridor, diversify capital mobilization sources, improve the quality of project appraisal, and promote digital transformation and modernization of banking governance.
VDB also needs to focus credit on strategic priority areas, playing the role of "bait capital" leading social capital flows into highly scalable projects.
Representatives of some businesses recognize that in the water supply sector, state investment credit through VDB plays a leading resource role, helping projects become feasible, while ensuring social security and sustainable development goals.
From the reality of projects, the effectiveness of state investment credit is not only in the scale of disbursed capital but also in the spillover value that the project creates for society.
Meanwhile, according to VDB, in the new development phase, the unit will focus on mobilizing and allocating resources for strategic infrastructure projects, digital transformation, green transformation, innovation and sustainable development, contributing to promoting rapid and sustainable growth of the Vietnamese economy.
