The State Bank of Vietnam (SBV) held a working session with Vinh Long province’s People’s Committee as part of a broader government mission in the Mekong Delta, and the SBV Governor called on SBV Regional Branch 14 and local credit institutions to strengthen coordination with local authorities and better address funding constraints. The focus was on expanding credit, particularly for production and business activity and for import-export. SBV data cited at the meeting put Vinh Long’s total outstanding credit at around VND 52.5 trillion as of end-February 2025, with agriculture, forestry and fisheries accounting for about 27% and commerce about 64%. Priority lending was reported at VND 28.0 trillion for agriculture and rural areas and more than VND 6.5 trillion to small and medium-sized enterprises, serving nearly 1,000 firms. The session also covered local growth and investment performance and highlighted constraints raised by businesses and authorities, including climate-related impacts (drought and saline intrusion), fragmented investment scale, and requests for policy solutions related to commercial housing land-use arrangements, preferential policies for power transmission investment, and financing for social housing projects.
State Bank of Vietnam 2025-03-21
State Bank of Vietnam urges Vinh Long lenders to expand credit support for production and exports amid VND 52.5 trillion outstanding loans
The State Bank of Vietnam (SBV) engaged with Vinh Long province’s People’s Committee to enhance coordination and address funding constraints, focusing on expanding credit for production, business, and import-export activities. Vinh Long’s total outstanding credit was VND 52.5 trillion, with significant allocations to agriculture and commerce. Discussions addressed local growth challenges, including climate impacts and investment scale, and explored policy solutions for housing and power transmission investments.