21 banks join forces to implement a 500 trillion VND infrastructure credit package.

The preferential credit program for strategic electricity, transportation, and technology projects has been officially activated with the participation of 21 banks. Interest rates have been reduced by 1-1.5% per year to support key national projects, to be implemented until the end of 2030.

Following the Government's directives in Resolution No. 77 and Resolution No. 366 on the implementation of the credit program for investment in electricity infrastructure, transportation, and strategic technologies; based on the opinions of the Ministries of Construction, Industry and Trade, and Science and Technology, the State Bank of Vietnam (SBV) has issued a document guiding several aspects for implementation.

21 commercial banks have registered to implement the program, including: Agribank, Vietcombank, VietinBank, BIDV, MB, Techcombank, VPBank, TPBank,SHB , HDBank, ACB, SeABank, MSB, LPBank, VIB, Sacombank, Nam A Bank, Bac A Bank, OCB, Eximbank, and ABBank.

The program will consist of two phases.

During the 2025-2026 period, commercial banks will allocate approximately 100 trillion VND (about 20% of the program's scale) to provide loans at preferential interest rates for strategic electricity, transportation, and technology infrastructure projects.

During the period 2027-2030, based on the progress and capital needs of the projects, the remaining capital will be allocated, ensuring that the committed limits of each bank are not exceeded and the total program size does not exceed 500 trillion VND.

Regarding eligible borrowers, the target customers are businesses that borrow long-term capital to invest in key/important national projects in the fields of electricity infrastructure, transportation, and strategic technologies provided by the ministries.

For the electricity sector, the list of projects participating in the Program is based on Official Letter 9238/BCT-KHTC dated November 21, 2025, from the Ministry of Industry and Trade .

For the transportation sector, the list of projects participating in the Program is based on Official Letter 14394/BXD-KHTC dated December 2, 2025, from the Ministry of Construction.

For the strategic technology sector, projects producing products listed in the "National Strategic Technology and Strategic Technology Product Catalogue" as stipulated in Decision 1131/QD-TTg dated June 12, 2025, and whose eligibility has been confirmed by the Ministry of Science and Technology, are eligible.

Illustration photo: Minh Hien

In principle, lending programs must be implemented in a public, transparent, targeted, and compliant manner, ensuring they meet the intended goals and target groups.

Borrowers must be eligible for the program and meet the loan conditions; they are responsible for cooperating with the commercial bank during the loan process. The lending mechanism follows current regulations.

The preferential interest rate under the program will be at least 1-1.5% lower per year than the average lending interest rate for the same term offered by the lending bank.

The program will be implemented until the end of 2030 or until the loan volume reaches the program's target of 500 trillion VND (whichever comes first).

The preferential interest rate will be applied for a minimum of 2 years from the date of each disbursement (according to each loan agreement), but not exceeding the loan term as stipulated in the loan agreement with the customer.

The bank will cease applying preferential interest rates to loans disbursed after December 31, 2030, or when the capital of the participating commercial bank is exhausted, whichever comes first.

The interest rate on loans after the preferential period ends is mutually agreed upon by the commercial bank and the customer, in accordance with regulations, and is clearly defined or specified in the loan agreement signed between the two parties.

If the lending bank discovers that the customer is using the loan funds for purposes other than those intended, it will terminate the preferential interest rate and recover all the preferential interest rates granted to the customer from the date of disbursement until the date the preferential interest rate ends.

The State Bank of Vietnam (SBV) requires commercial banks participating in the program to promptly issue guidelines and organize unified implementation throughout the system. Commercial banks are encouraged, within their authority, to waive or reduce service fees for participating customers.

Source: https://vietnamnet.vn/21-ngan-hang-bat-tay-trien-khai-goi-tin-dung-ha-tang-500-nghin-ty-dong-2471947.html