FX.co ★ Vietnam Projects 19–20% Credit Growth in 2025

Vietnam's central bank anticipates a credit growth of 19% to 20% for this year, emphasizing economic expansion while ensuring stability amid global uncertainties, senior officials announced on Friday. Deputy Governor Pham Thanh Ha mentioned at a press briefing that commercial banks are experiencing a downward trend in lending interest rates and encouraged further reductions, according to Reuters. "This year, the global economic and political landscape has been unpredictable, with market apprehensions concerning the US tariff policy, the risks of a global trade conflict, and geopolitical tensions," he remarked. The State Bank of Vietnam intends to prevent an increase in non-performing loans and will strictly regulate lending to high-risk sectors. Vietnam aims for a gross domestic product growth rate of 8.3% to 8.5% this year, surpassing last year's 7.09% rate. In July, the US and Vietnam signed a trade agreement, resulting in the US imposing a 20% tariff on imports from Vietnam.