On March 5, 2025, the State Bank issued Official Letter No. 1595/NHNN-TD requesting commercial banks and SBV branches in regions 13, 14, and 15 to implement credit solutions to serve the production, processing, temporary collection, storage and export of rice, especially the purchase of rice in the 2025 Winter-Spring crop in the Mekong Delta.
This Directive aims to implement the Prime Minister's Official Dispatch No. 21/CD-TTg dated March 4, 2025 on ensuring rice supply and demand balance in the context of complicated developments in the domestic and international markets.
Ensuring capital for rice production and purchasing
The State Bank of Vietnam requires commercial banks to proactively balance capital sources, promptly meet the loan needs of people and businesses producing, processing, purchasing, temporarily storing and consuming rice in 2025. In particular, priority credit capital is given to purchasing winter-spring rice in the Mekong Delta, supporting farmers in re-crops.
Consider raising the lending limit and term in accordance with regulations for enterprises with capacity and experience in purchasing, processing, and exporting, while creating conditions for medium and long-term loans to invest in rice warehouses, machinery, processing and preservation equipment.
Request reform, simplify loan procedures, increase the application of technology to ensure people and businesses have quick access to credit, limit slow disbursement due to complicated procedures.
Continue to implement measures to reduce operating costs, reduce lending interest rates, and be ready to share profits to support people and businesses.
Promoting agricultural credit policies
The SBV also directed commercial banks to focus on implementing preferential credit policies, including:
Agricultural credit policy according to Decree 55/2015/ND-CP and Decree 116/2018/ND-CP, especially lending through a chain linking from rice production to consumption.
Loan program linking the production, processing and consumption of high-quality, low-emission rice in the Mekong Delta according to Decision 1490/QD-TTg dated November 27, 2023 of the Prime Minister.
Strengthen the connection between banks and businesses, coordinate with the Vietnam Food Association and the Vietnam Rice Industry Association to promptly inform about credit policies for rice export businesses.
Directives for SBV branches in the Mekong Delta
The State Bank of Vietnam requests the State Bank of Vietnam, branches in regions 13, 14, 15, to direct commercial bank branches in the area to seriously implement credit solutions to support the rice industry;
Coordinate with local departments, branches and sectors to implement the Bank - Enterprise connection program, remove difficulties for rice exporting enterprises;
Closely monitor the market and credit situation of the rice industry, promptly report to the State Bank and People's Committees of provinces and cities if problems arise that need to be resolved.
Area of direction of the SBV branch
Area 13: Tien Giang, Long An, Ben Tre, Tra Vinh.
Area 14: Can Tho, Hau Giang, Soc Trang, Bac Lieu, Vinh Long.
Area 15: Kien Giang, An Giang, Dong Thap, Ca Mau.
These solutions aim to ensure credit flows to serve the rice industry, support production and export, and contribute to stabilizing the market in the context of fluctuations in global supply and demand.
