Bank credit is expected to be a key driver of Việt Nam’s economic growth in the last months of 2025, helping achieve the ambitious GDP target of 8.3–8.5 per cent. According to Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, the SBV has been implementing multiple measures to boost lending while maintaining macroeconomic stability. Over the past three years, the banking system has made consistent efforts to lower interest rates through digital transformation, cost reduction, and improved operational efficiency. The SBV has also injected liquidity into credit institutions to ensure access to low-cost, stable capital for lending. To further stimulate growth, the SBV will continue prioritising credit for production, business, and key economic sectors, aiming for credit growth of 19–20 per cent by the end of 2025, one of the highest rates in a decade. However, the SBV remains cautious about potential risks such as bad debts and inflation, stressing that credit institutions must ensure quality lending and efficient capital use. Regular supervision and policy adjustments will help balance economic expansion with financial stability and inflation control. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News