Customers at a National Citizen Bank office in Hanoi (Photo: VNA)
Hanoi (VNS/VNA) - The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
According to SBV, the adjustment of credit growth targets is made on the basis of the request of credit institutions assessing their operational requirements.
The State Bank will continue to adjust credit growth in accordance with Directive No 01/CT-NHNN dated January 13, 2022 on organising the implementation of key tasks in the banking sector. In 2022, the central bank has created favourable conditions for people and businesses to access credit, and support the country’s economic recovery.
Since the beginning of this year, global inflation has increased rapidly due to the escalation of prices of many goods and raw materials caused by the Russia-Ukraine conflict and the disruption of the global supply chains. High inflation pressure has affected daily life and macroeconomic stability in many countries. As a result, most central banks globally have taken strong measures to tighten monetary policy and raise interest rates to control inflation.
Vietnam's credit-to-GDP ratio - based on the new GDP calculation method - stands at 124%, as assessed by the World Bank (WB). This rate – based on the old way of calculating GDP – has surpassed 140%. These numbers are among the highest in the world and reach a warning level of high risk.
In order to obtain the country’s GDP growth target of between 6-6.5% and an average inflation rate of 4% set by the National Assembly and the Government, the SBV has continued to regulate monetary policies actively, flexibly and strictly cooperate with fiscal policies and other macroeconomic policies to control average inflation at about 4% according to objectives in 2022, sustain macroeconomic development, assist economic development, promptly adapt to domestic and foreign market development. In 2022, credit increases by approximately 14%, with adjustments in accordance with practical situations.
In addition, the SBV has announced a credit growth target in 2022 based on the credit rating of each institution. The central bank has also worked with banks to handle poor credit institutions and reduce lending interest rates for businesses.
As of August 26, credit growth rose by 9.91% against late last year. This is a high increase compared to the same period in recent years. Credit structures are mainly focused on the production and business sector while loans to potential risk sectors are strictly controlled by the State Bank./.
The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets.
Banks must tighten their assessment control of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
Customers at a National Citizen Bank office in Hanoi (Photo: VNA) 
