Pioneering interest rate reduction, supporting customers in production and business
Recently, the general level of interest rates has tended to increase, making the capital problem more difficult for individual businesses, business households and private business owners. This pressure is particularly clear for small-scale business households with limited resources.
Meanwhile, the need for capital to maintain the business cycle still occurs regularly. Therefore, when capital costs increase, the need to find more flexible capital sources, suitable to the financial capacity and cash flow characteristics of business households, also becomes more urgent.
Understanding those difficulties, right from July 2026, Vietnam Prosperity Joint Stock Commercial Bank (VPBank; HoSE:VPB) has implemented the preferential interest rate program for production and business loans for key industries. The program includes two product groups: Agricultural production and business loans and production and business loans for 6 key industries.
For production and business customers in the fields of agriculture and fisheries, the interest rate is reduced by 1-1.5%/year compared to the standard production and business lending interest rate. Specifically, loans under 3 billion VND are reduced by 1%/year, while loans from 3 billion VND or more are reduced by up to 1.5%/year.
Meanwhile, customers in 6 key industries including: Pharmaceutical business; retail of consumer goods and food services; trading of building materials; tourism; agriculture and aquaculture; production and trading of handicraft products; can access credit packages reduced by 0.5-1%/year, depending on the loan scale.
In parallel with the program for business households, VPBank also accompanies the small and medium-sized enterprise (SMEs) community with a preferential credit package with a scale of 10,000 billion VND, immediately reducing interest rates by 1% for businesses in fields such as: Agriculture, supporting industries, manufacturing, high technology, digital economy, AI and semiconductors.
In addition to preferential interest rates, the programs also offer many flexible loan conditions, suitable for the specific operations of business households. VPBank applies a maximum principal grace period of 12 months for loans for the purpose of investing in fixed assets. For customers who are expanding stores, investing in new facilities or machinery, the grace period helps to have more buffer space to put assets into operation, creating cash flow before starting to repay principal.
The program is also flexible in terms of production and business experience requirements. For startup customers borrowing capital to invest in fixed assets and open stores, VPBank does not require business experience; while for loans serving other production and business purposes, customers only need to have continuous business experience of at least 6 months.
Responding to the orientation of reducing interest rates, bringing capital into production and business
The continuous implementation of interest rate support programs demonstrates VPBank's commitment to accompanying the direction of the Government and the State Bank in prioritizing capital for key, sustainable economic sectors and new growth drivers, thereby promoting the production and business ecosystem.
In Document No. 7125 dated August 7, 2026, the SBV requested commercial banks to implement credit programs aimed at economic growth drivers and small and medium-sized enterprises, in which lending interest rates in VND are at least 1%/year lower than the average lending rate for the same term of the bank itself.
Through competitive interest rate policies and flexible loan conditions, VPBank accompanies customers in each capital need, helping to increase financial space to maintain cash flow, invest and implement business expansion plans. This is also a practical financial resource, helping businesses reduce capital costs, expand investment, improve production capacity and proactively seize growth opportunities in areas oriented as new driving forces of the economy.
In addition to loan packages for business households and SMEs, VPBank also implements the "Accompanying firm steps" program, bringing loan solutions with preferential interest rates from only 5.99%/year, with a limit of up to 20 billion VND. The program is for individual business customers and business households who need to supplement capital to serve production and business, with a maximum sponsorship level of 80% of the value of collateral and flexible loan terms.
Thanks to promoting the application of technology, the bank has shortened the loan approval time to only 1 minute for eligible applications, helping customers quickly access capital sources. In addition, customers can also choose unsecured loans with interest rates from 10%/year, with a limit of up to 2 billion VND.
