Credit growth projected at 16% for 2025
Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV).
In a document sent to financial institutions, the central bank outlined clear and transparent principles for setting credit growth targets for the year ahead.
It reaffirmed its commitment to managing credit policies that foster economic growth while controlling inflation and taking into account macroeconomic conditions.
The allocation of credit quotas will be based on a scoring and ranking system derived from 2023 performance, as outlined in Circular No. 52 (2018) (amended).
The SBV required financial institutions to ensure safe and efficient credit growth in compliance with regulations.
Credit should go into production, business, and prioritised sectors while avoiding high-risk areas. Institutions are also required to enhance their credit assessment and appraisal capabilities, swiftly address any violations, and maintain flexibility to further reduce lending rates.
The central bank emphasized the need for a flexible, timely, and data-driven approach to credit management in 2025, aiming to ensure an adequate credit supply while safeguarding the stability of the system.
