State Bank of Vietnam sets second-half 2025 priorities to steer credit, contain inflation and advance restructuring of weak lenders

The State Bank of Vietnam published the Governor’s concluding remarks from its banking sector mid-year review conference, reaffirming the sector’s operating priorities of inflation control, macroeconomic stability, support for growth and safeguarding system safety, with tighter execution in the second half of 2025. Operational priorities include keeping credit conditions aligned with macro developments, inflation and the economy’s capacity to absorb capital, while directing lending toward production and business activity, priority sectors and new growth drivers. The Governor highlighted implementation of sectoral credit policies and a VND 500 trillion credit package for technology, digital transformation and infrastructure, alongside expectations that credit institutions maintain sound liquidity by balancing funding maturities with lending and tightening risk controls. Banks were also instructed to progress the 2021–2025 restructuring programme, including handling bad debt and implementing approved restructuring solutions for weak and specially controlled institutions, including mandatory transfers, while accelerating digital transformation and cashless payments with strengthened cybersecurity and more proactive policy communications, particularly across regional supervisory branches following the provincial administrative reorganisation effective from 1 July 2025.