Positive credit growth
According to SBV Branch Region 14, it is estimated that by the end of May 2025, the total outstanding loans of the region will reach VND 403,850 billion, an increase of 4.7% compared to December 2024. Of which, outstanding loans for the agriculture, forestry and fishery sector will reach about VND 42,700 billion, accounting for 10.57% of total outstanding loans; outstanding loans for the industry and construction sector will reach VND 83,600 billion, accounting for 20.7% of total outstanding loans; outstanding loans for the trade and service sector will reach about VND 277,550 billion, accounting for 68.73% of total outstanding loans.
Credit growth is expected to be better in the final months of the year.
In May 2025, the mobilization interest rate and lending interest rate remained stable. According to the assessment of the State Bank of Vietnam, Region 14 Branch, although the mobilized capital still decreased compared to 2024, in May 2025 it increased compared to April 2025, and bad debt continued to be maintained below 3% of total outstanding loans. The mobilized capital of credit institutions (CIs) in Region 14 by the end of May 2025 is estimated at VND 298,553 billion, an increase of 1% compared to December 2024 and meeting 73.93% of total outstanding loans.
The positive point is that most outstanding loans for priority sectors in Region 14 have increased compared to the end of 2024. Specifically, it is estimated that by the end of May 2025, outstanding loans for agricultural and rural development will reach VND 175,055 billion, an increase of 11.45% compared to the end of 2024; outstanding loans to support small and medium enterprises will reach VND 71,800 billion, an increase of 4.2%; outstanding export loans will reach VND 33,267 billion, an increase of nearly 18.9%; loans for supporting industries will reach VND 1,600 billion, an increase of nearly 114.5%; loans for high-tech enterprises will reach VND 172 billion, an increase of 1.55% compared to the end of 2024.
In addition, credit institutions (CIs) in Region 14 also focus on implementing other credit programs, with outstanding loans increasing quite well. For example, the credit program for the aquaculture sector, the outstanding loan balance is estimated to reach VND 36,300 billion by the end of May 2025, an increase of 6.1% compared to the end of 2024; the credit program for rice and paddy has outstanding loans of VND 35,900 billion, an increase of 7.19%; outstanding credit balance for vegetables and fruits reaches VND 11,500 billion, an increase of 7.11% compared to the end of 2024. According to Mr. Tran Quoc Ha, Acting Director of the State Bank of Vietnam, Region 14 Branch, CIs all focus on lending to priority sectors under the direction of the Government, the Prime Minister , and the State Bank; Focus on lending to the region's strengths such as agriculture, aquaculture, rice export, etc. At the same time, effectively implement capital mobilization solutions and expand credit for production and business sectors and priority sectors, continue to support businesses and people to overcome difficulties in production and business.
Region 14 currently has more than 1.07 million customers with outstanding loans. In May 2025, lending and mobilization interest rates will continue to remain stable. The maximum short-term lending interest rate for priority sectors is 4%/year; medium and long term from 7-10%/year. Common short-term lending interest rates for normal production and business sectors are commonly 6.5-10%/year for short term; medium and long term from 8.5-10.5%/year. Common short-term USD lending interest rates are 4.5-5.8%/year.
Expanding access to bank credit
The leader of the State Bank of Vietnam, Region 14 Branch, said that in addition to directing credit institutions to direct credit to production and business sectors, priority sectors and economic growth drivers according to the direction of the Central Government, the Branch also directed credit institutions to continue to strictly control credit in sectors with potential risks, creating favorable conditions for people and businesses to access bank capital. At the same time, effectively implement the Bank - Business Connection Program to promote regional credit growth to achieve the set target, supporting local economic growth.
In 2025, the State Bank of Vietnam aims for credit growth of about 16% to contribute to achieving the economic growth target of 8% or more according to the Resolution of the National Assembly and the Government. And this is also a high credit growth rate compared to recent years. According to statistics, credit growth often increases in the second and fourth quarters of the year, this is the time to adjust production plans and evaluate the efficiency of production and business activities of enterprises. According to the General Statistics Office (Ministry of Finance), in the first 5 months of 2025, 61 localities had an increase in the industrial production index (except for Ba Ria - Vung Tau and Cao Bang, which decreased), with an overall increase of 8.8% (in the same period, it increased by 7.1%); in which the processing and manufacturing industry increased by 10.8% over the same period, only increasing by 7.6%. The number of employees working in the industrial enterprise sector in early May 2025 also increased by 4.5% compared to the same period last year. Major balances of the economy are ensured. The trade balance of goods and enterprises nationwide has a trade surplus of 4.67 billion USD... These are positive signals to create momentum for economic growth in the coming months; at the same time, they are also the driving force for enterprises and people to expand production and business, leading to an increase in demand for loans.
According to the State Bank, the credit growth in the first 5 months of the whole system was quite good. Credit institutions also focused on implementing credit programs under the direction of the Government and the Prime Minister, and the State Bank also contributed to promoting credit growth in the whole system. Implementing the Credit Program for the agriculture, forestry and fishery sector with 100,000 billion VND with preferential interest rates, on April 15, 2025, the State Bank issued Official Dispatch No. 2756/NHNN-TD requesting commercial banks to implement until the loan turnover reaches the level directed by the Government. In Region 14, it is estimated that by the end of May 2025, the outstanding loans of the Credit Program for the agriculture, forestry and fishery sector are estimated to reach 2,798 billion VND, accounting for 0.69% of the total outstanding loans; The Government's program for lending to social housing, workers' housing, and projects to renovate and rebuild old apartments, in Region 14, there are currently 3 social housing projects that have been announced by the Provincial/City People's Committee to be eligible for preferential loans; The State Bank of Vietnam, Region 14 Branch has directed credit institutions to implement the Program for lending to link production, processing and consumption of high-quality and low-emission rice products in the Mekong Delta, but so far there has been no preferential lending under the program. According to the State Bank's forecast, the demand for loans will increase thanks to the economic growth drivers that are maintaining and achieving good growth rates, which will open up opportunities to promote credit growth in the last months of the year.
Article and photos: GIA BAO
Source: https://baocantho.com.vn/can-luc-day-cho-tang-truong-tin-dung-cac-thang-cuoi-nam-a187277.html
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