The State Bank of Vietnam convened a mid-year conference to review banking-sector performance in the first half of 2025 and set priorities for the second half, framing monetary policy implementation around the government’s 2025 growth target of 8% amid heightened external uncertainty. System-wide credit outstanding exceeded VND 17.2 quadrillion by 30 June 2025, up 9.9% from end-2024, while policy rates were kept low to support lower borrowing costs. Average lending rates on new loans at commercial banks were 6.3% per year as of 10 June 2025, down 0.6 percentage points from end-2024, and exchange-rate management was described as flexible to help absorb external shocks. On credit administration, the central bank reiterated a roadmap to limit and eventually remove institution-level credit growth quota allocations, and noted that foreign bank branches, joint-venture banks, the Cooperative Bank and non-bank credit institutions were allowed to self-manage credit growth in 2025. The update also covered organisational streamlining within the State Bank of Vietnam, with two restructuring milestones on 1 March 2025 and 1 July 2025 and 22 preparatory committees established to support implementation, alongside progress on restructuring credit institutions, managing non-performing loans and completing the compulsory transfer of two weak banks. Work to amend the gold-market regulatory framework is ongoing, with the State Bank of Vietnam consolidating feedback and proceeding with steps to issue an amended decree to Decree 24/2012/ND-CP under an expedited process approved by the Prime Minister.

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