SBV Deputy Governor Pham Thanh Ha speaks at a press conference on the performance of the banking sector in H1, Hanoi, July 8, 2025.

The SBV said monetary policy was managed proactively, flexibly, and effectively. Coordinated measures have supported steady credit expansion since the beginning of the year, marking a notable improvement over the same period in 2023. Lending has focused on priority sectors and production and business activities.

In the remaining months of the year, the State Bank will align its measures with macroeconomic conditions and the economy’s capacity to absorb capital, said Pham Thanh Ha, SBV Deputy Governor.

”Credit institutions will be guided to expand credit safely and effectively, channeling capital into production and priority sectors while strictly controlling high-risk lending,” he said.