The State Bank of Vietnam (SBV) launched SBV Region 7, headquartered in Thanh Hoa and responsible for Nam Dinh, Ha Nam, Ninh Binh and Thanh Hoa, and convened a conference on accelerating bank credit to support economic growth in the area. Deputy Governor Pham Quang Dung instructed credit institutions to expand lending safely and effectively, balance funding sources, and channel credit toward production and business activity, priority sectors and local growth drivers while tightening control over lending to higher-risk areas. SBV Region 7 reported outstanding loans of more than VND 561 trillion at end-March 2025, up about 1.2% from end-2024 and around 3.5% of national credit, with agriculture, forestry and fisheries at VND 54.170 trillion, industry and construction at VND 167.628 trillion, and trade and services at VND 334.432 trillion, down about 1.3% since end-2024. The discussion referenced the 2025 nationwide credit growth target of 16%, equivalent to an increase of VND 2.5 quadrillion in outstanding credit versus 2024, alongside constraints including slower performance in some credit programmes, pressures to supply medium and long-term funding as corporate bond and equity markets remain difficult, and borrower issues such as weak cash flows and collateral bottlenecks. Following the reorganisation, the regional office has 193 staff and seven departments, and was tasked with coordinating with local authorities and stakeholders to address access-to-credit frictions, prevent new non-performing loans and accelerate recovery of bad debts.

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