The State Bank of Vietnam published an update on a Government working mission led by Governor Nguyen Thi Hong with the Ben Tre Provincial People’s Committee, reviewing local economic conditions and priorities for meeting the province’s 2025 socio-economic growth targets. For the banking sector, the Governor instructed the State Bank of Vietnam’s Region 13 branch and credit institutions in the area to implement central bank directions, coordinate with relevant local agencies to assess production and business conditions, and strengthen bank-enterprise connectivity to address credit-related difficulties and better align lending with provincial development plans. Ben Tre reported 2024 GRDP growth of 5.68%, with industrial and handicraft production up 7.93% and retail sales and consumer services revenue up 11.58%; public investment disbursement exceeded VND 4,578.6bn, reaching 88.5% of plan. The province has been assigned an 8% growth target for 2025 and outlined measures including expanding organic coconut cultivation by 700 hectares and adding 100 hectares of high-tech marine shrimp farming, progressing the Phu Thuan Industrial Park, and accelerating grid connection for the Sunpro and Thanh Hai 2-3-4 wind power projects; local leaders also highlighted the importance of bank financing for export-processing projects, infrastructure, social housing and power transmission works for renewable projects. The Governor cited an expected 6.28% GRDP increase in the first quarter of 2025 as a foundation for achieving the full-year target.
State Bank of Vietnam 2025-03-20
State Bank of Vietnam directs Region 13 banks to strengthen bank-enterprise connectivity and credit support for Ben Tre
The State Bank of Vietnam, led by Governor Nguyen Thi Hong, reviewed Ben Tre's economic conditions and 2025 growth targets, emphasizing bank-enterprise connectivity to address credit issues. Ben Tre reported 2024 GRDP growth of 5.68% and set an 8% target for 2025, planning to expand organic coconut cultivation, high-tech shrimp farming, and industrial and renewable energy projects. The Governor noted a projected 6.28% GRDP increase in Q1 2025 as a basis for achieving the annual target.