The State Bank of Vietnam (SBV) has just issued document No. 7125/NHNN-TD dated August 7, 2026, sent to commercial banks and SBV branches in regions on the implementation of the Credit Program aimed at economic growth drivers and small and medium enterprises.
Over the past time, the Banking sector has continued to promote its role as one of the important capital channels of the economy, contributing to unlocking resources for investment, production, and business towards economic growth momentum.
The "double-digit" growth target sets high requirements for resources, therefore, the banking system needs to continue to proactively and synchronously implement solutions to support capital sources, lending interest rates and credit access conditions for all economic sectors, especially small and medium-sized enterprises, contributing to supporting businesses to overcome difficulties, maintain and develop production and business activities, and promote sustainable economic growth.
On that basis, the SBV proposed that commercial banks promote the social responsibility of the banking system, proactively reduce costs, balance, and allocate their resources to build and implement appropriate programs, products, and credit packages in the spirit of accompanying and sharing with people and businesses. In which, priority is given to building and implementing credit programs aimed at economic growth drivers and small and medium-sized enterprises (SMEs).
Loan customers include: SMEs; enterprises and individuals operating in production and business in priority sectors, economic growth drivers such as: agriculture, rural areas, supporting industries, high-tech application enterprises, exports, digital economy, artificial intelligence, semiconductor industry, processing, manufacturing, projects under the Green Classification List according to the provisions of law...
Preferential lending interest rates in Vietnamese Dong: At least 1%/year lower than the average lending interest rate for the same term (short-term, medium-term, long-term) of the lending bank itself applied in each period; implement exemption and reduction of service fees (if any) for customers, in accordance with legal regulations and the scale of operations and capacity of the bank.
In case customers are eligible to enjoy the incentives of many programs and credit packages that the bank is implementing, banks balance resources to implement support for one or more policies suitable to the needs of customers and the conditions and capacity of the bank.
According to document No. 7125/NHNN-TD, Commercial Banks build and announce implementation from August 2026.
The review, appraisal, and decision on lending to customers and debt classification, provisioning and risk handling for loans under the Credit Program and commercial banks are carried out in accordance with current regulations.
The SBV requests state-owned commercial banks to play a pioneering and exemplary role in allocating resources to implement the Credit Program with preferential interest rates aimed at economic growth drivers and SMEs.
Encourage other commercial banks to respond and participate, proactively build programs, products, and credit packages suitable for customers to borrow capital depending on the conditions and resource capacity of the bank, contributing to double-digit economic growth and supporting the development of SMEs.
The SBV requests commercial banks to strengthen information and communication work for bank programs, products and services for businesses and people to know and benefit from policies; Implement the announcement of lending interest rates for credit programs, credit packages and other types of lending interest rates (if any) on the bank's electronic information page, ensuring public and transparent information, creating favorable conditions for customers in the process of accessing loans.
For SBV branches in the Regions, the SBV requests SBV branches in the Regions to direct and monitor the implementation of banks participating in the Credit Program in the area; coordinate with departments and branches to consider handling arising problems (if any) in the implementation process, creating favorable conditions for banks to implement the credit program; promptly report to the Governor of the State Bank on issues arising beyond their authority.
