The State Bank of Vietnam’s Governor Nguyen Thi Hong visited VietinBank on the first working day of Lunar New Year 2025, using the engagement to review 2024 outcomes for the economy and banking sector and to set expectations for 2025. She framed the year ahead as challenging and called for greater innovation across the banking system to help deliver Vietnam’s growth objectives, including a target of 8% growth in 2025. In reviewing 2024, the Governor cited GDP growth of 7.09% and inflation of 3.63%, and linked banking-sector actions to inflation control, macroeconomic stability and growth support. She highlighted sector-wide efforts including support measures for households and businesses affected by Typhoon No. 3, credit management aligned with macroeconomic and inflation conditions, implementation of the credit-institution restructuring scheme, accelerated digital transformation, and strengthened payment security. The Governor also pointed to the passage of the amended Law on Credit Institutions in 2024 and the issuance of implementing guidance, and praised state-owned commercial banks’ role in implementing government and central bank policy, highlighting VietinBank’s contributions and policy programmes; VietinBank’s chair reported 2024 increases of 17% in total assets and 16.88% in outstanding credit, alongside continued emphasis on digital transformation.

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