Expand the size and object of loans
On April 15, 2025, the State Bank of Vietnam issued Official Letter No. 2756/NHNN-TD, requiring commercial banks to implement a special credit program for agriculture, forestry and fishery with an overall scale of up to VND 100,000 billion.
This is a concretization step of the Government's direction in Resolution 46/NQ-CP dated March 8, 2025 and Directive 05/CT-TTg dated March 1, 2025, in order to remove difficulties for businesses, cooperatives and production households in the context of the agricultural industry is under great pressure from export markets, raw materials and disasters.
According to the State Bank, this credit program inherits and expands from the old program applicable to the forest and fisheries sector (according to Official Letter 5631/NHNN-TD of July 14, 2023), now covering all production and business activities in the fields of agriculture, forestry and fishery.
Borrowers are customers with projects, production and business plans with the above -mentioned fields. The loans will be disbursed until the total lending of the whole system reaches 100,000 billion dong.
List of official banks
At least 15 commercial banks will implement this credit program, including:
- Agribank, BIDV, Vietinbank, Vietcombank
- LPBank, Sacombank, MB, ACB
- South Asia Bank, OCB, Eximbank, BVBank
- SHB, Vietbank, HDBank
These banks are responsible for monitoring, statistics and reporting on implementation results; Ensure transparency of loans, interest rates in accordance with the program commitment. All data sent to the State Bank will be the basis for monitoring and evaluating the implementation effect.
Encourage the expansion of the whole system
Not only limited to the above list, the State Bank also encourages other credit institutions to actively participate in the program if eligible, on the basis of fully complying with the guidance in this official dispatch and Official Letter 5631 in 2023.
With large -scale capital and widespread support, the program expects to contribute to reducing credit costs, supporting production restructuring, promoting exports and increasing Vietnamese agricultural value in the context of many difficulties.
