The government reduces interest rates on loans for many credit programs.

(GLO)- Deputy Prime Minister Ho Duc Phoc has just signed and issued Decision No. 2553/QD-TTg on reducing lending interest rates for a number of policy credit programs implemented by the Vietnam Bank for Social Policies (VBSP).

Specifically, according to Decision No. 2553/QD-TTg dated November 21, 2025 of the Prime Minister , the interest rate for loans to poor households and students will be reduced from 6.6%/year (equivalent to 0.55%/month) to 6.24%/year (0.52%/month); the loan program for households producing and doing business in difficult areas and for traders in difficult areas will be reduced from 9%/year (equivalent to 0.75%/month) to 7.8%/year (equivalent to 0.65%/month).

Savings and Loan Group staff support people with loan procedures and interest payments. Photo: Duy Dang

The rural clean water supply and environmental sanitation program has been reduced from 9%/year (equivalent to 0.75%/month) to 8.4%/year (equivalent to 0.7%/month). The new interest rate will be applied from December 1, 2025 for outstanding loans at the Vietnam Bank for Social Policies.

This policy aims to support people in difficult circumstances, promote poverty reduction and socio-economic development in the locality. The interest rate reduction under Decision No. 2553/QD-TTg not only brings direct benefits to borrowers, but also demonstrates the Government's concern for disadvantaged areas, helping to reduce financial burdens, creating conditions for expanding production, developing trade, increasing income, creating jobs and stabilizing people's lives.

Source: https://baogialai.com.vn/chinh-phu-giam-lai-suat-cho-vay-nhieu-chuong-trinh-tin-dung-post573662.html