Unlocking financial and banking resources for Southeast region’s growth

On October 23, the State Bank of Vietnam (SBV), in coordination with the Ho Chi Minh City People's Committee, organized a conference in the city titled "The Banking Sector Joins Hands to Unlock Financial and Banking Resources to Support Growth in the Southeast Region in 2026–2030."

Pham Duc An, Member of the Party Central Committee and SBV Governor, delivers the closing remarks at the conference. Photo: Hai Quan

The conference was attended and co-chaired by Pham Duc An, Member of the Party Central Committee and SBV Governor; Nguyen Van Duoc, Member of the Party Central Committee, Deputy Secretary of the Ho Chi Minh City Party Committee and Chairman of the City People's Committee; Nguyen Ngoc Canh, SBV Deputy Governor; and Vo Minh Tuan, Director of the SBV’s Region 2.

The Dong Nai delegation included Nguyen Thi Hoang, Member of the Dong Nai City Party Committee and Vice Chairwoman of the City People's Committee, along with representatives of local business associations and enterprises.

Nguyen Thi Hoang, Member of the Dong Nai City Party Committee and Vice Chairwoman of the City People's Committee, attends the conference. Photo: Hai Quan

The Southeast region is a major growth driver, with a high concentration of industrial, commercial, service, and import-export activities. Development requirements for the 2026–2030 period call for substantial capital resources, along with greater investment efficiency and stronger capital absorption capacity among enterprises.

According to an SBV report, outstanding credit of credit institutions in the Southeast region was estimated at nearly VND6.8 quadrillion as of late September 2026, accounting for approximately 35% of the country's total outstanding credit and representing an increase of more than 10.9% compared with the end of 2025.

Vo Minh Tuan, Director of SBV’s Region 2, moderates a discussion session at the conference. Photo: Hai Quan

The conference aimed to provide a timely assessment of financial resource mobilization in general and local banking operations in particular, evaluate the current situation, and identify advantages, opportunities, difficulties, challenges, and the underlying causes of existing bottlenecks. On that basis, the conference sought to propose solutions to unlock capital flows for regional economic development in line with major Party and State guidelines, contributing to efforts to achieve economic growth targets for 2026–2030.

Dang Van Diem, Chairman of the Dong Nai Business Federation, delivers a presentation at the conference. Photo: Hai Quan

At the conference, representatives of the HoChiMinh Stock Exchange, along with leaders of business associations, enterprises, and commercial banks, shared views and delivered presentations on capital requirements for production and business activities, particularly in priority sectors. Discussions also focused on strengthening links between banks and businesses and removing obstacles to mobilizing financial resources to meet the Southeast region's development needs.

Phan Dinh Canh, Chairman of the Dong Nai Logistics Association, delivers a presentation at the conference. Photo: Hai Quan

Representatives of the Dong Nai Business Federation and the Dong Nai Logistics Association delivered presentations outlining the difficulties and obstacles faced by enterprises in their credit relationships with banks, the challenges confronting logistics enterprises in obtaining bank loans, and specific recommendations for addressing these issues.

A business representative from Dong Nai speaks at the conference. Photo: Hai Quan

Speaking at the conference, SBV Governor Pham Duc An said the SBV had developed dedicated working programs for key economic regions, with the Southeast region identified as its top priority. He noted that the conference was organized to obtain timely assessments of financial resource mobilization in general and regional banking operations in particular, with a view to removing bottlenecks and facilitating capital flows to support regional economic development in accordance with major Party and State guidelines.

In the coming period, the SBV will continue to manage monetary policy flexibly, ensure liquidity throughout the banking system, contribute to macroeconomic stability, and create favorable conditions for credit institutions to support the economy. Given the Southeast region's significant contribution to national growth, due attention should be paid to implementing credit policies in the region. Credit institutions need to develop lending programs with reasonable interest rates while strengthening coordination and engagement with local enterprises and business associations to gain a more accurate understanding of their practical needs.

Leaders of SBV and local authorities witness the exchange of cooperation agreements between banks and enterprises for investment projects and business plans at the conference. Photo: Hai Quan

Also at the conference, banks and enterprises exchanged 18 cooperation agreements covering investment projects and business plans in manufacturing, energy, transportation infrastructure, industrial zones, social housing, and other sectors of importance to the Southeast region's economy.

By Hai Quan – Translated by Minh Hong, Thu Ha