2% reduction in policy loan interest rates in 22 localities after storm No. 12

VTV.vn - This is the content of the new Decision issued by the Government. The time to implement the loan interest rate reduction is from October 1 to December 31 this year.

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Deputy Prime Minister Ho Duc Phoc has signed and issued Decision No. 2654/QD-TTg on reducing lending interest rates for customers borrowing from the Vietnam Bank for Social Policies affected by storm No. 12.

The subjects of the loan interest rate reduction are customers borrowing capital from policy credit programs at the Social Policy Bank with interest rates regulated by the Prime Minister (including both organizations and individuals) in 22 localities in the Northern and North Central regions from Quang Ngai and above.

Regarding the reduction in loan interest rates and the application period, the Decision clearly states: Reduce loan interest rates by 2%/year; applied to loans with outstanding balance at the Vietnam Bank for Social Policies from October 1, 2025 to December 31, 2025. The implementation period for reducing loan interest rates is from October 1, 2025 to December 31, 2025.

The Vietnam Bank for Social Policies shall strengthen measures to balance operating costs to reduce lending interest rates within the scope of the capital plan to compensate for interest rate differences and management fees assigned in 2025; take full responsibility before the Government and the Prime Minister for the accuracy of reported data and information, organize implementation to ensure operational safety and credit quality of the bank.

This Decision comes into force from the date of signing (December 4, 2025).

Source: https://vtv.vn/giam-2-lai-suat-cho-vay-chinh-sach-tai-22-dia-phuong-sau-bao-so-12-100251205145639771.htm