State Bank sets credit growth target of 16% in 2025

ANTD.VN - The State Bank assigned credit growth targets to banks, with expected credit growth for the entire system in 2025 at about 16%.

The State Bank said that, closely following the Resolution of the National Assembly, the direction of the Government and the Prime Minister, the State Bank continues to implement credit management solutions in accordance with macroeconomic developments to contribute to promoting economic growth and controlling inflation.

To facilitate credit institutions (CIs) to provide credit capital to meet economic growth needs, on December 30, 2024, the State Bank of Vietnam (SBV) sent a document to CIs notifying them of the principles for assigning credit growth in 2025 so that CIs can proactively implement it.

Credit "room" in 2025 is 16%

The credit growth target assigned to credit institutions will be based on the 2023 ranking results as prescribed in Circular 52/2018/TT-NHNN (amended and supplemented) multiplied by the coefficient commonly applied to banks.

Accordingly, the State Bank expects the credit growth of the whole system in 2025 to be about 16%, higher than last year. Previously, in 2024, the credit growth target set by the State Bank was 15%.

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 and effective credit growth in accordance with the law on the basis of risk management capacity, liquidity situation and capital mobilization ability, ensuring credit quality, using capital for the right purpose, limiting the increase and occurrence of bad debts, and ensuring operational safety;

Credit growth is correct and on target, credit goes into production and business sectors, priority sectors and growth drivers according to the Government's policies;

Strictly control credit in areas with potential risks; improve credit assessment and appraisal capacity; promptly detect and strictly handle violations of the law in credit granting activities;

Continue to cut 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 said it 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 enough 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 requiring written requests from credit institutions.

Source: https://www.anninhthudo.vn/ngan-hang-nha-nuoc-dat-muc-tieu-tang-truong-tin-dung-nam-2025-la-16-post599880.antd