HANOI, Oct. 3 (Xinhua) -- Vietnam's credit growth is projected to reach as high as 20 percent by the end of 2025, contributing to the government's goal of achieving economic growth of over 8 percent this year, Vietnam News Agency reported Friday.
Total outstanding credit in the economy as of Sept. 29 had already expanded 13.37 percent from the end of 2024, with lending focused on production, business and priority sectors, the report added, citing the State Bank of Vietnam(SBV).
SBV Deputy Governor Pham Thanh Ha said the robust pace of credit expansion reflects the banking sector's role in stabilizing the macroeconomy and supporting growth, despite challenges from global trade tensions, geopolitical risks and commodity price volatility. ■
