The loans will be subject to preferential interest rates for a minimum of two years, 1-1.5% lower per year than the average lending rate for the same term, and this will be in effect until 2030.
The State Bank of Vietnam has recently sent a document to 21 commercial banks providing guidance on implementing a credit program for investment in electricity, transportation, and strategic technology infrastructure. Accordingly, 21 commercial banks will participate, with a maximum capital of 500,000 billion VND, including: Agribank, Vietcombank, VietinBank, BIDV, MB, Techcombank, VPBank, TPBank,SHB , HDBank, ACB, SeABank, MSB, LPBank, VIB, Sacombank, NamABank, BacABank, OCB, Eximbank, and ABBank.
The program will consist of two phases. In 2025-2026, approximately 100 trillion VND will be lent at preferential interest rates for infrastructure projects in electricity, transportation, and strategic technologies. In 2027-2030, based on the progress and credit needs of the projects, the remaining capital will be allocated and expanded, ensuring that it does not exceed the committed amount.
The loan recipients are enterprises investing in key national projects in the fields of electricity infrastructure, transportation, and strategic technologies provided by the ministries.
Lending principles ensure transparency, fairness, adherence to objectives and target groups, and compliance with legal regulations. Borrowers must meet the loan conditions as stipulated by law and the internal regulations of the commercial bank. Lending mechanisms follow current regulations.
The preferential interest rate of 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 run until the end of 2030 or until the loan volume reaches the program's target of VND 500,000 billion (whichever comes first).
The preferential interest rate will be applied for a minimum of two 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 the preferential interest rate to loans disbursed after December 31, 2030, or when the capital of the commercial bank registered to participate in the program 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, ensuring compliance with legal regulations and clearly defined or specified in the loan agreement signed between the bank and the customer.
If a commercial bank discovers that a customer is using the loan funds for purposes other than those intended, the lending bank 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.
Source: https://hanoimoi.vn/500-000-ty-dong-cho-vay-dau-tu-ha-tang-dien-giao-thong-va-cong-nghe-chien-luoc-726666.html
Comment (0)