Economic growth

State Bank of Vietnam Adjusts Credit Growth Target Amid Economic Optimism

Strategic Insights

Jul 30, 2025 — 1 min read

The State Bank of Vietnam (SBV) has taken proactive and flexible measures to promote economic growth, control inflation, and maintain macroeconomic stability. By July 28, 2025, the country's credit growth was 9.64% higher compared to the end of 2024, with the SBV assigning credit growth targets to credit institutions. Recognizing the need for further economic stimulation, the SBV increased the credit growth target for 2025 on July 31, 2025, while emphasizing the importance of safe and effective credit growth, directing credit to key sectors, and maintaining stable deposit interest rates.

Key Takeaways:

The State Bank of Vietnam (SBV) has adjusted the credit growth target for 2025, increasing it to ensure economic growth and stability.
By July 28, 2025, the country's credit growth had reached 9.64% compared to the end of 2024, with the SBV closely monitoring the situation.
The SBV has required credit institutions to strictly implement government directions and maintain a stable monetary market.
The agency has prioritized directing credit to production and business sectors, as well as economic growth drivers, while strict controls have been placed on sectors with potential risks.
The SBV aims to reduce lending interest rates through cost reduction, increased application of information technology, and simplification of administrative procedures.
To support economic development, the SBV has implemented policies to remove difficulties in accessing credit capital for businesses and people.

Statistics:

Credit growth by the end of 2024: 9.64% (compared to the end of 2023)
Credit growth target for 2025 (pre-adjustment): Not specified
Credit growth target for 2025 (post-adjustment): Not specified (new target announced on July 31)
Inflation control targets set by the National Assembly and Government: Not specified
Deposit interest rates: Stable, with efforts to reduce lending interest rates
Economic growth drivers: Production and business sectors, with priority on key sectors

Sources:

[Source: Press Release from the State Bank of Vietnam on July 31, 2025]

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