The State Bank of Vietnam inaugurated its Regional Branch 9 in Da Nang and convened a regional conference on boosting bank credit to support economic growth across five central provinces. At the event, the central bank reiterated that its 2025 nationwide credit growth orientation is around 16%, equivalent to about VND 2.5 quadrillion of additional lending. Regional Branch 9 is part of the State Bank of Vietnam’s consolidation of provincial branches into 15 regional units and covers Da Nang, Quang Tri, Hue, Quang Nam and Quang Ngai, with headquarters in Da Nang; the Governor had appointed Le Anh Xuan as Director alongside five Deputy Directors. The conference reviewed regional credit conditions, with outstanding credit in Region 9 at VND 581.602 trillion at end-January 2025 (3.72% of the national total) and about VND 586.381 trillion at end-February, up 1.36% from end-2024. Priorities discussed included directing lending toward production and other priority areas such as transport, social housing and key projects, maintaining tighter controls on higher-risk lending, and advancing administrative simplification, digital transformation and cashless payments, alongside implementation of government-backed programmes including a VND 145,000 billion facility for social and worker housing and a VND 60,000 billion programme for forestry and fisheries.
State Bank of Vietnam 2025-03-13
State Bank of Vietnam launches Regional Branch 9 in Da Nang and reiterates 2025 credit growth target of around 16%
The State Bank of Vietnam inaugurated Regional Branch 9 in Da Nang and held a conference to enhance bank credit for economic growth in five central provinces. The central bank reaffirmed its 2025 credit growth target of 16%, equating to VND 2.5 quadrillion in additional lending. Discussions focused on directing credit to priority sectors, tightening controls on high-risk lending, and promoting digital transformation and cashless payments.