Credit growth in 2025 expected to be 16%

NDO - The State Bank of Vietnam has just announced the expected credit growth rate for the entire system in 2025 at about 16%.

To facilitate credit institutions in providing credit capital to meet economic growth needs, on December 30, the State Bank of Vietnam sent a document to credit institutions to publicly and transparently announce the principles for assigning credit growth in 2025 so that credit institutions can proactively implement it.

The credit growth target assigned to credit institutions is based on the 2023 rating results as prescribed in Circular 52/2018/TT-NHNN (amended and supplemented) multiplied by the coefficient applied to banks. Accordingly, the State Bank expects the credit growth of the entire system in 2025 to be about 16%.

At the same time, the State Bank continues to implement a roadmap to limit and eventually eliminate the management of credit growth targets for each credit institution according to Resolution No. 62/2022/QH15 dated June 16, 2022 of the National Assembly .

The State Bank requires credit institutions to conduct safe, effective credit growth in accordance with the provisions of law on the basis of being consistent with risk management capacity, liquidity situation and capital mobilization capacity, ensuring credit quality, using capital for the right purposes, limiting the increase and occurrence of bad debts, ensuring operational safety; credit growth must be correct and on target, credit must go into production and business sectors, priority sectors and growth drivers according to the Government's policy; strictly control credit in sectors with potential risks; improve credit assessment and appraisal capacity; promptly detect and strictly handle violations of the law in credit granting activities; continue to reduce costs, increase the application of information technology, digital transformation... to have room to continue striving to reduce the lending interest rate level.

In 2025, the State Bank will closely monitor developments and actual situations to proactively, flexibly, promptly, effectively, scientifically manage credit growth of the banking system, closely following the situation so that the credit institution system can provide sufficient credit capital to serve the economy and ensure system safety, in conjunction with prioritizing promoting economic growth, stabilizing the macro economy, and controlling inflation.

The State Bank will proactively adjust credit growth targets to create conditions for credit institutions to provide sufficient and timely credit capital for the economy without the need for a written request from credit institutions.

Source: https://nhandan.vn/tang-truong-tin-dung-nam-2025-du-kien-16-post853416.html