Capital mobilization from credit institutions in the province reached approximately 42,500 billion VND.

In the first seven months of 2025, the local monetary market remained stable, with no complicated developments and no violations detected in the implementation of interest rate regulations or fee collection practices. As of July 31, 2025, capital mobilized by credit institutions in the province was estimated at approximately VND 42,500 billion, up 10.82% compared to December 31, 2024; total outstanding loans reached around VND 51,800 billion, an increase of 8% over the same period. On-balance-sheet non-performing loans accounted for 1.89% of total outstanding credit.

The operational network of credit institutions has continued to expand, with 22 institutions, 51 transaction offices, 279 transaction points, 81 ATMs/CDMs, and 178 POS terminals currently operating province-wide. As of July 31, 2025, credit institutions had cumulatively issued over 1 million ATM cards. Credit institutions have actively promoted their products and services, offering multiple fee exemption and reduction packages to encourage cashless payment methods. Since the beginning of the year, total non-cash payment transactions in the province have reached an estimated 52 million transactions, with a total value of nearly VND 200 trillion. Information technology and payment systems have been maintained in absolute safety, with no abnormal incidents or arising issues reported.

In the coming period, credit institutions will continue to strengthen capital mobilization efforts, striving to lower lending rates in line with the general policies and orientations of the Government and the State Bank of Vietnam. They will diversify banking credit products to meet the production, business, and consumption needs of individuals and enterprises, facilitate broader access to bank credit, and help curb informal lending practices. The sector will also continue implementing the Digital transformation plan for the banking industry through 2025, with a vision to 2030. Efforts will focus on expanding modern payment services, ensuring information technology and payment system security, broadening the digital ecosystem, and promoting cashless payment solutions in public service delivery—particularly in healthcare, education, and social welfare disbursements.

 Le Hong

Translated by Huyen Vu