Boosting bank credit to drive economic growth

(ĐN) – On April 1, the State Bank of Vietnam held a conference on boosting bank credit to support economic growth in Southeastern.

Vice Chairman Duong Minh Dung speaks at the conference.

Deputy Governor Pham Tien Dung of the SBV and Vice Chairman Duong Minh Dung of Dong Nai provincial People's Committee chaired the event.

The conference was attended by Chairman Thai Bao of Dong Nai provincial People's Council, along with leaders from Southeastern provinces, commercial banks, and business associations.

Credit growth in the region

At the conference, Director Ta Thanh Long of SBV Region 12 reported that total outstanding credit in the region reached over VND1.8 quadrillion as of March-end, up 0.86% since the beginning of the year. Dong Nai and Ba Ria - Vung Tau recorded notable credit growth rates.

Various commercial banks and financial institutions presented reports on preferential loan programs and credit solutions to promote economic growth, ease financial difficulties for businesses, and support housing loans with preferential interest rates, including social housing.

Enterprises' concerns and policy recommendations

Representatives of businesses and trade associations proposed expanding green credit initiatives, strengthening connections between banks and enterprises, and resolving issues related to accessing preferential loans for priority sectors.

Speaking at the conference, Vice Chairman Duong Minh Dung emphasized that the province would direct relevant departments to address financial challenges for businesses. Issues beyond local authority would be reported to central government agencies for proper resolution.

He also urged SBV Region 12 to continue rolling out preferential credit programs, implement interest rate reductions, and promote digital transformation in banking. Additionally, funding should be directed towards key economic drivers such as investment, exports, and consumption, as well as infrastructure development and social housing projects.

SBV’s commitment to supporting growth

Deputy Governor Pham Tien Dung acknowledged the concerns raised by local authorities and businesses, pledging that SBV Vietnam would enhance credit solutions to drive economic growth in 2025.

He also instructed SBV Region 12 to adapt effectively to its new operational model, strengthen cooperation with local authorities, and improve banking efficiency across Southeastern Vietnam.

Reported by H. Q