Hanoi, Aug. 8 -- The State Bank of Vietnam (SBV) has raised the 2025 credit growth target for credit institutions and pressed ahead with lending rate cuts, in a move aimed at boosting capital flows into the economy and meeting the Government's ambitious GDP growth goal of 8.3-8.5% this year.

The decision comes as system-wide credit expanded by about 10% in January-July, signalling stronger capital absorption and a clearer economic rebound compared to last year.

Compared with 2024, when credit growth at this point was only 6%, this year's result reflects a clear recovery, driven by decisive policy changes that have boosted investor confidence and capital demand, said Assoc. Prof. Dr. Pham Thi Hoang Anh, Vice President of the Banking Acad...