Commitment to Economic Growth and Inflation Control

The State Bank of Vietnam (SBV) has reaffirmed its dedication to managing credit policies that not only foster economic growth but also aim to control inflation. This approach is carefully balanced with the current macroeconomic conditions to ensure stability and prosperity.

Innovative Credit Quota Allocation

Starting from 2023, the allocation of credit quotas will be determined through a scoring and ranking system, as per the guidelines of Circular No. 52 (2018) (amended). This system is designed to reward performance and ensure that credit is distributed efficiently and effectively.

Ensuring Safe and Efficient Credit Growth

Financial institutions are mandated by the SBV to guarantee that credit growth is both safe and efficient, adhering strictly to regulations. The focus is on directing credit towards production, business, and prioritized sectors, while steering clear of high-risk areas.

Enhancing Credit Assessment and Appraisal

Institutions are encouraged to improve their credit assessment and appraisal capabilities. This includes addressing violations swiftly and maintaining the flexibility to reduce lending rates further, ensuring that credit remains accessible and affordable.

Flexible and Data-Driven Credit Management

The central bank emphasizes the importance of a flexible, timely, and data-driven approach to credit management in 2025. The goal is to ensure an adequate supply of credit while protecting the stability of the financial system, paving the way for sustained economic growth.