The State Bank of Vietnam (SBV) reported on a Regional Branch 13 conference in Tien Giang on promoting bank credit to support economic growth in Long An, Tien Giang, Ben Tre and Tra Vinh, where Governor Nguyen Thi Hong set out supervisory and policy priorities for local credit institutions. The Governor instructed Regional Branch 13 to align credit expansion with SBV monetary policy and provincial growth objectives, and to push cost reductions and technology adoption to enable further cuts in lending rates, while maintaining credit supply for production and business, exports and imports, priority sectors and region-specific strengths. Regional Branch 13 reported that 96 credit institutions operate in the four provinces through 592 transaction points, with outstanding loans of nearly VND 369 trillion as of February 2025, up 1.4% from end-2024, compared with 0.53% for the wider Mekong Delta and 0.8% nationwide. Lending to five priority sectors totalled around VND 274.5 trillion, representing 75.4% of outstanding loans. In 2024, the local banking system held almost 10 bank–business connectivity conferences, with cumulative outstanding loans benefiting from interest support of about VND 14.8 trillion. For the period ahead, SBV indicated it would continue to run monetary policy flexibly, tracking macroeconomic growth and inflation in managing interest rates and the exchange rate, and would direct the banking system to prioritise and encourage higher lending to private enterprises and increase the share of lending to small and medium-sized enterprises in support of 2025 growth targets.
State Bank of Vietnam 2025-03-21
State Bank of Vietnam Governor instructs lenders in Long An, Tien Giang, Ben Tre and Tra Vinh to boost credit growth and cut lending rates
At a Regional Branch 13 conference, the State Bank of Vietnam (SBV) emphasized aligning credit expansion with monetary policy and provincial growth goals. Governor Nguyen Thi Hong stressed cost reductions and technology adoption to lower lending rates while maintaining credit supply for key sectors. SBV plans to continue flexible monetary policy, prioritizing increased lending to private and small and medium-sized enterprises to support 2025 growth targets.