Attending the regular Government press conference in June 2025, a reporter cited statistics from the State Bank of Vietnam that, by the end of May 2025, credit in the entire economy increased by about 6.52%, with outstanding debt increasing by a record of more than 1 quadrillion VND, to over 16.6 quadrillion VND.
From that data, the reporter asked the State Bank to let us know which areas this credit flow is focused on and what is the proportion?
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| Deputy Governor of the State Bank of Vietnam Pham Thanh Ha. (Photo: Manh Tuan). |
Responding, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that since the beginning of the year, in addition to favorable conditions, the economy has also faced many difficulties and challenges. The State Bank has operated monetary policy proactively and flexibly, harmoniously combining it with fiscal policy and other macroeconomic policies under the direction of the Party, the National Assembly , the Government and the Prime Minister.
In terms of interest rates, the State Bank of Vietnam kept the operating interest rates unchanged to maintain stable interest rates and promote credit. Commercial banks also actively maintained stable deposit interest rates, helping to reduce capital costs and lower lending interest rates. The average lending interest rate for new loans is currently at 6.38% per year, down about 0.6% compared to the end of 2024.
The State Bank of Vietnam has set a credit growth target of about 16% in 2025, with adjustments in line with economic developments. As of June 26, the total outstanding debt of the entire system reached over VND 16.9 million billion, up 8.3% compared to the end of 2024. Compared to the same period in 2024, credit increased by 18.87%, the highest growth rate since 2023.
The credit structure is suitable for the needs of the economy, people and businesses. Some key sectors include: agriculture, forestry and fishery accounting for 6.37%; processing and manufacturing industry accounting for 12.84%; construction accounting for 7.53% (including infrastructure investment projects prioritized by the Government). Service sectors such as wholesale and retail account for a large proportion of about 23.74%.
Regarding credit for priority sectors, agriculture and rural areas accounted for 23.16%; small and medium enterprises accounted for 17.51%. Credit growth rates in supporting industries and high-tech enterprises were very high, 15.69% and 17.59% respectively, nearly double the general rate.
Credit institutions continued to disburse credit programs under the direction of the Government, such as credit for the forestry and fishery sector increased in scale from VND15,000 billion to VND100,000 billion, and the credit program to support linkage in production, processing and consumption of 1 million hectares of high-quality rice in the Mekong Delta was also actively implemented.
Some other programs such as social housing loans, loans for young people under 35 years old to rent or buy social housing, and a VND500,000 billion credit program for businesses investing in digital infrastructure are also actively implemented by credit institutions.
That is the credit result in the first 6 months of the year. In the last 6 months of the year, the State Bank will continue to synchronously manage credit solutions in accordance with macroeconomic developments, inflation and the economy's capital absorption capacity, while implementing solutions to remove difficulties and create favorable conditions for people and businesses to access bank credit.
Source: https://baodautu.vn/tin-dung-dang-tap-trung-vao-nong-nghiep-cong-nghiep-che-bien-xay-dung-va-dich-vu-d321215.html
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