Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has issued Directive No.01/CT-NHNN on organising the implementation of the key tasks of the banking sector, with a focus on improving credit quality and tightly controlling loans to potentially risky industries.
Headquarters of the State Bank of Vietnam. (Photo: SBV)
Hanoi (VNS/VNA) - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Honghas issued Directive No.01/CT-NHNN on organising the implementation of the keytasks of the banking sector, with a focus on improving credit quality andtightly controlling loans to potentially risky industries.
Accordingly,the Governor has required banks to take necessary measures for controllingcredit size and growth, focusing loans on production and priority fields inaccordance with the Government's policy to support economic recovery and development,while strictly controlling loans for potentially risky areas such as realestate, the stock market, Build-Operate-Transfer (BOT) and Build-Transfer (BT)transport projects.
Banksmust accelerate the implementation of measures to control and limit any newlyarising bad debts and maintain the bad debt ratio below 3 percent, theGovernor said, adding the SBV’s authorities would strengthen the inspection andsupervision of banks' operations, especially in the areas with high potentialrisks.
Accordingto the SBV, the banking industry this year might suffer a stronger impact ofbad debts due to the pandemic. If including debts, which had repayment termsrestructured or interest rates reduced according to the SBV’s Circular01/2020/TT-NHNN, the bad debt ratio of the banking system is about 7.31 percentto date.
Currentpolicies on restructuring and delaying the debt payment time are a temporaryand necessary solution in the short term, but extending the restructuring timewill be risky for the banking system in the medium term.
Underthe directive, the Governor also said it was necessary to continually implementmeasures to restructure credit institutions, especially weak ones, to help thebanking system operate healthily, effectively and transparently, meetinginternational standards.
Besides,the Governor has directed SBV’s agencies to manage the monetary policiesproactively and flexibly in order to control the inflation in line with theGovernment’s target of about 4 percent for 2022.
Accordingto the SBV, its monetary policy management in 2022 will be greatly influencedby inflationary pressure, especially in the context that a loose monetarypolicy has lasted for the past few years.
“Themeasures must contribute to maintaining macro-economic stability, supportingeconomic recovery, and adapting to international and domestic marketdevelopments,” the Governor noted.
TheSBV sets the credit growth this year at 14 percent, but said it might beadjusted in accordance with the actual situation.
TheGovernor said the SBV would also continually promote non-cash payments anddigital transformation in banking operations./.
It is possible to keep the inflation under 4 percent this year but inflationary pressure is expected to be great next year, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told the National Assembly’s Q&A session on November 12.
Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Vietnam (SBV).
Credit growth has reached 12.97 percent so far and is likely to hit 14 percent this year, Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said in a press conference on the SBV's governance of monetary policies and banking operation on December 28.
The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).
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.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Headquarters of the State Bank of Vietnam. (Photo: SBV) 
