500,000 billion VND in credit to invest in electricity, transportation, and strategic technology infrastructure

Accordingly, the scale of the program will include 2 phases. In the period of 2025 - 2026, commercial banks will spend about 100 trillion VND (about 20% of the Program's scale) to lend at preferential interest rates for strategic power, transportation and technology infrastructure projects. In the 2027 - 2030 period, based on the progress and demand for credit capital of the projects, the remaining capital will be allocated and expanded to ensure that it does not exceed the amount of committed money to participate in the Program of each bank and the total scale of the Program does not exceed 500 trillion VND.

Regarding lenders, customers are businesses that borrow long-term capital to invest in key/respectful national projects in the fields of electricity infrastructure, transportation, and strategic technology provided by the Ministries.

Regarding lending principles, the implementation of the Program ensures publicity, transparency, dung goals, subjects, and compliance with legal regulations. The borrower must be a borrower of the Program and meet the loan conditions according to the provisions of law and internal regulations of commercial banks on lending activities of credit institutions; be responsible for coordinating with commercial banks in the loan process under the Program. lending mechanism according to current regulations.

The preferential interest rate of the Program will be at least 1 - 1.5%/year lower than the average lending interest rate for the same term of the lending bank. The implementation period is until the end of 2030 or until lending sales reach the scale of 500 trillion VND of the Program (whichever comes first).

The minimum preferential interest rate period is 2 years from the date of each disbursement (according to each debt collection estimate) but not exceeding the lending period in the lending agreement with the customer. The bank stops applying preferential interest rates to loans disbursed after December 31. 2030 or when the capital of the registered commercial bank has expired, depending on the time before.

The lending interest rate after the preferential period expires is agreed upon by the commercial bank and the customer, ensuring compliance with the provisions of law and is clearly defined or clearly stated in the lending agreement signed between the bank and the customer.

In case a commercial bank discovers that a customer is using capital for the wrong purpose, the lending bank will terminate the incentives and recover all the preferential lending interest rates for customers from the date of disbursement to the date of termination of the interest rate incentives.

To implement the program, the SBV requires commercial banks participating in the Program to urgently issue guidelines and organize the implementation of the Program on a single basis throughout the system of the bank itself. Encourage commercial banks under their authority to exempt or reduce service fees for customers participating in this Program, in accordance with the provisions of law and bank regulations.

Commercial banks lend capital to customers to implement the Program using the bank's self-medited capital; are responsible for reviewing, appraising, and deciding on lending to customers according to the provisions of the law on lending and are responsible for their lending decisions; classifying debts, setting up reserves and handling risks for loans under this Program according to the provisions of law.

In addition, the SBV also directed functional departments and agencies to monitor, summarize the results of lending implementation and handle difficulties and problems arising in the implementation of the Program; conduct inspections and supervision of lending under the Program.