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Vietnam PM Urges Bank to Remove Credit Quota by 2026

8/11/2025

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Summary

Story summary

Prime Minister Pham Minh Chinh has called on the State Bank of Vietnam to develop a clear plan to eliminate the credit growth quota by 2026. In a bid to foster economic stability, the bank is tasked with transparently revising the 2025 credit growth target to match inflation and support an ambitious GDP growth of 8.3–8.5%.

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Story summary

Prime Minister Pham Minh Chinh has called on the State Bank of Vietnam to develop a clear plan to eliminate the credit growth quota by 2026. In a bid to foster economic stability, the bank is tasked with transparently revising the 2025 credit growth target to match inflation and support an ambitious GDP growth of 8.3–8.5%.