Investing heavily in anticipation of peak season

Boost capital to the market

Mr. Pham Toan Vuong, General Director of Agribank , said that by the end of June 2025, Agribank's outstanding credit balance reached over VND 1.85 million billion, an increase of 7.6% compared to the beginning of the year. Agribank has promptly implemented 13 credit programs/products with a scale of VND 400,000 billion to boost credit growth from the beginning of the year; increasing the scale and expanding the scope of credit programs for the agriculture - forestry - fishery sector to VND 20,000 billion. In particular, Agribank has proactively removed difficulties, reduced costs, and reduced lending interest rates to support customers.

As forACB , implementing Resolution No. 68-NQ/TW of the Politburo on private economic development, this bank has built strategic solution groups, such as deploying a credit package of 20,000 billion VND specifically for small and medium enterprises with interest rates at least 2% lower than usual per year, shifting to lending without requiring collateral...

At the end of the first 6 months of the year, ACB's outstanding credit balance reached VND 634,000 billion, up 9.1% over the beginning of the year, with a balanced structure between individuals and businesses; pre-tax profit reached VND 10,700 billion, up 2% over the same period in 2024.

Customers' capital needs often increase during the peak business season at the end of the year.

- Mr. Tu Tien Phat, General Director of ACB

Up to this point, banks have announced their business results for the first 6 months of the year. The "club" with profits of over 10,000 billion VND includes MB, BIDV , Techcombank, VPBank, ACB... Good credit growth has had a positive impact on the profits of these banks.

For example, in the first 6 months of the year, MB's consolidated pre-tax profit reached nearly VND 15,900 billion, up 18.3% over the same period. MB's total consolidated assets reached nearly VND 1.3 million billion, up 14.2% compared to the end of 2024. Customer loans reached nearly VND 880,000 billion, up 13.3% compared to the beginning of this year. Therefore, MB's net interest income reached more than VND 24,064 billion, up 23% over the same period last year...

Credit will accelerate in the last months of the year

According to Mr. Tu Tien Phat, General Director of ACB, customers' capital needs often increase during the peak business season at the end of the year.

To achieve a breakthrough in credit growth, the State Bank of Vietnam (SBV) said that the entire industry has implemented a series of credit programs, such as a loan program to build social housing and workers' housing; renovate and rebuild old apartments (VND 145,000 billion); a credit program to lend for investment in infrastructure and digital technology to implement key and important national projects in the fields of transportation, electricity and digital technology (VND 500,000 billion); a loan program for the agriculture - forestry - fishery sector (increasing the scale to VND 100,000 billion).

According to the latest statistics of the State Bank of Vietnam, by the end of July 2025, credit of the whole system increased by 9.64% compared to the end of last year. In the context of accelerating credit, the State Bank of Vietnam recently increased credit targets for many banks, at the same time directing capital flows into production, business, priority sectors and economic growth drivers...

Mr. Dinh Duc Quang, Director of Currency Trading Division (UOB Vietnam Bank) commented that credit growth for the whole year of 2025 is likely to reach 18 - 20%. This is a strong supporting factor for economic growth. In the most optimistic scenario, if the US Federal Reserve (Fed) reduces USD interest rates in the last months of the year, the impact of tariffs is small and the stock market is upgraded, attracting strong foreign capital flows, then it can be hoped that VND interest rates will decrease more strongly, thereby positively affecting the economic growth plan in 2026.

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that in managing interest rates in the first half of 2025, the management agency will continue to maintain the operating interest rates, creating conditions for credit institutions to access capital sources from the State Bank at low costs, thereby creating conditions to support the economy. The lending interest rate level continues to decrease. The average lending interest rate for new transactions of commercial banks is currently at 6.29%/year, down 0.64 percentage points compared to the end of last year. In the last months of the year, according to the Government's policy, the State Bank of Vietnam will continue to require banks to reduce costs in order to further reduce lending interest rates and stimulate credit demand.

Source: https://baodautu.vn/manh-tay-bom-von-don-dau-mua-cao-diem-d350028.html