About $650 billion injected into Vietnam's economy in H1
More than 40% of the total credit went to agriculture and the private sector, reflecting the country's vibrant economic strategies.
THE HANOI TIMES — Vietnamese banks funneled VND17.2 trillion (US$658 billion) into the economy during the first half of 2025, according to the State Bank of Vietnam (SBV).
The State Bank of Vietnam's press briefing on July 8. Photo: VGP
This figure grew 9.9% from the end of last year and increased by 19.4% year-on-year, the central bank revealed at a press briefing on July 8.
The loans were primarily channeled into priority sectors, production, and business activities, SBV's Deputy Governor Pham Thanh Ha said at the briefing.
From the end of 2024, credit to the agricultural sector rose 5.3% by June 30, 2025, accounting for 23.16% of the total credit, while credit for small- and medium-sized enterprises (SMEs) expanded by 5.7%, making up 17.5% of the total credit. Meanwhile, credit into supporting industries was up 15.69%.
Among sector, credit to hi-tech industries increased by 17.59%, reflecting Vietnam's long-term economic strategies.
During the first half, some specialized credit programs were effectively implemented, with VND145 trillion ($5.55 billion) allocated for social and worker housing and old apartment renovations, VND500 trillion ($19.13 billion) for infrastructure and digital technology, and VND100 trillion ($3.82 billion) for the agriculture, forestry, and fisheries sectors.
The central bank expects credit growth to expand by 16% this year.
