The State Bank of Vietnam will be represented by Standing Deputy Governor Dao Minh Tu at a Banking Times workshop in Hanoi on how bank capital can better support private sector growth, alongside business representatives, SBV units, economists and academics. The forum is positioned as a venue to discuss practical solutions to make bank funding more effective for the private sector, with a focus on easing financing constraints for small and medium-sized enterprises. The SBV highlighted ongoing actions to address obstacles to bank credit access, particularly for SMEs, including scaling the nationwide business–bank connectivity programme to strengthen information-sharing and direct dialogue between commercial banks and local customers. The central bank also referenced its regular direction to credit institutions to expand credit effectively, improve firms’ access to credit, and reduce operating costs to help lower lending rates for the broader economy and the private sector in particular. The workshop materials also point to structural challenges in the private sector, noting that only 2% of private enterprises are large while the majority are SMEs and micro firms, which can limit financial capacity, competitiveness and access to finance.
State Bank of Vietnam 2025-03-21
State Bank of Vietnam reiterates measures to expand private sector and SME access to bank credit at Hanoi workshop
The State Bank of Vietnam, represented by Standing Deputy Governor Dao Minh Tu, will join a Banking Times workshop in Hanoi to discuss enhancing bank capital support for private sector growth, focusing on easing financing constraints for SMEs. The SBV is addressing obstacles to bank credit access for SMEs through initiatives like the business–bank connectivity programme and urging credit institutions to expand credit and reduce lending rates. The workshop will also highlight structural challenges in the private sector, where only 2% of enterprises are large, impacting financial capacity and competitiveness.