Credit growth target 16%
In 2023, GDP (gross domestic product) will grow by nearly 7%, credit growth will reach 14.55%. In 2024, GDP will grow by 7.09%, credit growth will reach 15.08%. Normally, to bring about 1% GDP growth, credit must grow by 2% or more. The Government has set a target of 8% or more GDP growth for the whole country in 2025, so the State Bank of Vietnam has directed credit growth to reach 16% or more.
According to the representative of the State Bank, the viewpoint of monetary policy management in 2025 is to control inflation, stabilize currency value, and support economic growth.
To have enough capital to serve the economy, the responsibility for monetary and credit policies in 2025 is very large. Commercial banks need to effectively push capital into the economy.
The State Bank will continue to mobilize idle capital from businesses and people through reasonable interest rate policies. If necessary, the State Bank will use capital supply management tools, recapitalization or other forms of monetary market management operations.
Mr. Pham Trong, Deputy Director of State Bank Region 9 (Hue City, Da Nang City and Quang Ngai Province) said that he is very confident that the credit growth target of 16% in 2025 will be achieved.
Notably, the economy is recovering and developing day by day. Not only that, signs of recovery have been present since 2024, businesses in the city in particular and the whole country in general have grasped and created many solutions to accelerate the economy. While production and business are improving, domestic and foreign markets are also opening up.
This is clearly shown in the data announced by the General Statistics Office (Ministry of Finance) on August 6, 2025: The total import and export turnover of goods nationwide in July 2025 reached 82.27 billion USD (up 8% compared to the previous month and up 16.8% compared to the same period last year). In the first 7 months of 2025, the total import and export turnover of goods reached 514.7 billion USD (up 16.3% compared to the same period last year, of which exports increased by 14.8%).
Putting capital into the economy
Mr. Tran Ngoc Anh, Director of Agribank Quang Nam branch, said that as of July 31, 2025, the total mobilized capital of the unit reached VND 29,841 billion (an increase of VND 1,955 billion, equivalent to 7.01% compared to the beginning of the year). Total outstanding loans reached VND 19,597 billion (an increase of VND 886 billion, equivalent to 4.74% compared to the beginning of the year). Of which, loans for agriculture and rural areas reached VND 14,850 billion (accounting for 75.8% of total outstanding loans). Loans for agricultural and rural development at Agribank Quang Nam branch grew by 10.35% in the period 2017 - 2024.
Thanks to its investment orientation focusing on the fields of production, cultivation, livestock, agricultural, forestry and fishery processing, and its extensive organizational network, Agribank Quang Nam branch has promoted its role as a companion to farmers in the fields of agriculture and rural areas.
Credit capital has reached farmers, including remote and extremely disadvantaged areas, contributing to promoting socio-economic development in the city.
The lending policy of Agribank Quang Nam branch facilitates many households to access capital without having to secure assets, with simple and quick loan procedures.
By implementing credit policies well, banks have contributed to the transformation of economic structure, crop and livestock varieties, and the transformation of small-scale livestock farming into concentrated livestock farming with high economic efficiency. Farmers have access to cheap capital, significantly reducing black credit in rural areas.
Mr. Vo Van Duc, Director of Vietcombank Quang Nam branch, said that the bank has enough capital with reasonable interest rates to meet the production and business needs of enterprises and people. Commercial banks save costs and reduce output interest rates to support customers borrowing capital. Credit institutions streamline procedures, as long as businesses and individual customers have reasonable loan plans, the disbursement is quick.
Da Nang's economy is growing positively, with the scale of GRDP (gross regional product) in the first 6 months of the year reaching 148.8 trillion VND. This result is driven by the even recovery of credit in all 3 economic sectors.
In the first 6 months of the year, credit in the industrial and construction sector played a leading role with a growth rate of 13.19%; the service sector accounted for a large proportion in the city's economic structure with a growth rate of 10.37%; the agriculture, forestry and fishery sector increased by 3.44%.
Mr. Le Anh Xuan, Director of the State Bank of Region 9, affirmed that the unit continues to direct commercial banks and people's credit funds to focus on promoting loans to production and business sectors, priority sectors, economic growth drivers and new growth drivers. The whole sector strengthens strict control of credit for potentially risky sectors, ensuring safe and effective credit activities, creating momentum for socio-economic development in the area.
Source: https://baodanang.vn/cap-thiet-day-von-vao-nen-kinh-te-3298905.html
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