Credit scale reaches 644 Billion USD interest rate decreases by 1.41 percentage points compared to the end of 2024

At the press conference for the third quarter of 2025 organized by the State Bank on the morning of October 3, Deputy Governor Pham Thanh Ha said that by September 29, 2025, the credit scale of the entire economy will reach about 17.71 million billion VND, an increase of 13.37% compared to the end of 2024....

The credit growth rate in 2025 is higher than the same period last year and continues to increase month by month.

“To promote credit capital flow to serve production and business, the State Bank continues to maintain the operating interest rate at a low level, aiming to reduce the lending interest rate, supporting businesses and people. The State Bank also requires credit institutions to reduce operating costs to create room for further interest rate reduction,” said Mr. Pham Thanh Ha.

According to the Deputy Governor, the new lending interest rate continues to decrease, currently at about 6.52%/year, down about 1.41 percentage points compared to the end of 2024.

Credit continues to focus on the production and business sector, accounting for about 78% of the total outstanding debt of the economy.

Ms. Ha Thu Giang, Director of the Department of Credit for Economic Sectors, informed that the credit ratio for the three main sectors is: agriculture, forestry and fishery accounts for 6.23%; industry - construction accounts for 23.97%; trade - services accounts for 69.8%. Compared to the same period in 2024, the credit ratio for agriculture, forestry and fishery and industry - construction tends to decrease, while credit for trade - services increases.

Specialized credit programs continue to be promoted. Notably, the Credit Program for the agriculture, forestry and fishery sector has been increased in scale many times, from VND 15,000 billion in 2023 to VND 60,000 billion in 2024, and VND 100,000 billion in early 2025. On September 23, 2025, the State Bank continued to issue Official Dispatch No. 8333/NHNN-TD, increasing the scale of the program to VND 185,000 billion. As of July 31, 2025, banks have committed to lending more than VND 8,600 billion, with disbursement turnover reaching VND 4,577.8 billion, an increase of VND 1,733.2 billion compared to the end of 2024. To date, the program has disbursed nearly VND 106,000 billion, exceeding the set target.

In the social housing sector, the lending program under Resolution 33/NQ-CP and lending to young people under 35 years old also achieved positive results. The total disbursement of the whole system reached about VND 4,700 billion, an increase of 66.2% compared to the end of 2024. 4 state-owned commercial banks alone disbursed nearly VND 19,335 billion for the social housing loan program for people under 35 years old.

In addition, the banking industry is coordinating with relevant ministries and branches to implement a credit program of VND 500,000 billion for lending to invest in infrastructure development and digital technology, under the direction of the Government.

In response to the impact of storm No. 10, the State Bank also issued Document No. 8622/NHNN-TD dated October 2, 2025, directing credit institutions to review and support affected customers. Measures include: restructuring debt repayment terms, exempting/reducing interest rates, providing new loans to restore production, and handling debt according to current decrees.