How to disburse the preferential credit package of 500,000 billion VND well?

(PLVN) - The implementation of a VND500,000 billion credit package with preferential interest rates for businesses investing in infrastructure and digital technology to borrow long-term is being actively implemented. Currently, a series of banks have registered to participate in the credit scale, but the problem lies in determining which projects are eligible to participate in this program.

At the meeting last weekend on the implementation of a VND500,000 billion credit package for loans to invest in infrastructure and digital technology , Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Ngoc Canh said that the SBV has urgently and actively implemented the research to build a credit package of about VND500,000 billion with preferential interest rates to provide long-term loans to businesses investing in infrastructure and digital technology.

Up to now, commercial banks have all reached a high consensus, accompanied and responded to the policies and directions of the Government and the Prime Minister and have registered to participate with a total registered amount of 500,000 billion VND. Thus, the banking sector has prepared resources to implement the program.

Providing more information on the implementation situation, Deputy Director of the Department of Credit for Economic Sectors, State Bank of Vietnam Nguyen Xuan Bac said that basically, commercial banks agreed to an interest rate 1.5% lower than the amount committed in this program, however, some banks wanted a more suitable interest rate.

However, the representative of the Credit Department also pointed out that there are still some problems in implementing the program, such as the Ministry of Science and Technology has not provided a list of participating projects; while the list of projects provided by the Ministry of Construction and the Ministry of Industry and Trade is both redundant and insufficient, making it difficult for banks to identify and ensure the right borrowers. In addition, the credit capital needs of important/key projects in the strategic infrastructure sector (transportation, electricity, digital technology) provided by the Ministries have not yet been determined.

Meanwhile, commercial banks will base on the list of key projects in the transport, electricity and strategic technology sectors issued by the Ministry of Construction, the Ministry of Industry and Trade, and the Ministry of Science and Technology to determine the correct lending subjects; calculate and allocate registered capital sources; and at the same time review and appraise projects according to the provisions of law.

Therefore, to properly support the focus and key points of this credit program, Mr. Bac proposed the need for the participation of ministries and branches in determining the scope and objects of key national strategic projects and infrastructure so that commercial banks have a basis for implementing loans.

Some representatives of commercial banks said that participating in the VND500,000 billion program is an important task, demonstrating the companionship and readiness of the banking system to participate in promoting investment in infrastructure development, digital transformation and innovation. However, during the implementation process, banks still face many difficulties in terms of capital sources, interest rate mechanisms and determining credit needs.

For example, most infrastructure projects, especially those under the public-private partnership (PPP) model, have very large total investment amounts and payback periods of up to 15-20 years. Meanwhile, the capital mobilized by banks is mainly short-term, accounting for a relatively large proportion, making it a big challenge to ensure the ratio of short-term capital used for medium- and long-term loans.

Representatives of some banks also hope that the State Bank will have a support mechanism related to risk provisioning; not counting some medium and long-term loans under this program in the credit growth limit. In addition, some banks proposed to strengthen the connection between the VND500,000 billion credit program and the National Innovation Fund to partially support interest rates, technology appraisal costs, or credit guarantees for startups and innovative businesses without collateral.

According to bank representatives, these synchronous solutions will help banks be more confident when participating in infrastructure projects, digital transformation and innovation, contributing to promoting sustainable economic growth.

The loan recipients of the VND500,000 billion credit package are enterprises borrowing long-term capital to invest in key/important national projects in the strategic infrastructure sector (transportation, electricity) provided by the Ministry of Construction and the Ministry of Industry and Trade. Particularly for the strategic technology sector, the loan recipients are projects to manufacture products on the "List of strategic technologies and national strategic technology products" in Decision 1131/QD-TTg dated June 12, 2025 and must be confirmed by the Ministry of Science and Technology.

Source: https://baophapluat.vn/cach-nao-de-giai-ngan-tot-goi-tin-dung-uu-dai-500-000-ty-dong.html