Reduce interest rates on policy credit programs

Implementing Decision No. 2553/QD-TTg (dated November 21, 2025) of the Prime Minister, from December 1, the lending interest rates of many policy credit programs at the Vietnam Bank for Social Policies have been adjusted down. This is an important adjustment step to help people reduce financial burden, boldly borrow capital, develop the economy, increase income, and have more opportunities to change their lives.

Cam Pha Social Policy Bank transaction office disburses loans to people.

Like many people, with 100 million VND borrowed from the job creation program, in 2023, Ms. Pham Thi Xoa (Song Khoai 8 area, Hiep Hoa ward) invested in a farm raising pigeons, white-leg shrimp, commercial goats..., estimated that the farm will bring in an income of 300 million VND/year. Not only does she have a stable source of income, her joy doubled when she received notice that the loan interest rate for the job creation program was adjusted down from 7.92% to 7.488%/year.

Ms. Xoa shared that capital is very important for people. In particular, capital from the policy credit program has promptly met the needs of the family. Not only are the procedures simple, the loan period long, the interest rate stable, but the current loan interest rate has also been adjusted down, creating conditions for me to have more motivation to develop, to feel secure in doing business, and to continue expanding the scale.

Not only Mrs. Xoa, reducing interest rates on policy credit programs at the Social Policy Bank is also the wish of many people in the province.

Mr. Do Hung Don (Song Khoai 8 area, Hiep Hoa ward) takes care of a mongoose.

Mr. Do Hung Don (Song Khoai 8 area, Hiep Hoa ward) said: I have just invested an additional 4 billion VND to build a barn and buy breeding animals to implement a model of breeding civets for reproduction. In addition to the initial investment cost, every month, I still pay other costs to care for, raise and breed the animals. Meanwhile, the interest rate of the loan is also one of the costs I have to pay every month. Therefore, the interest rate for credit programs has been adjusted down to help breeders reduce costs, have more capital to rotate, and continue to develop production. Thereby, not only reducing the financial burden, but also creating an important motivation for me to continue to boldly borrow capital, expand production, and confidently strive to get rich on my homeland. With the current preferential interest rate, I am calculating to invest in breeding civets for reproduction.

The Quang Ninh branch of the Vietnam Bank for Social Policies is currently implementing 21 policy credit programs in the province. Of which, up to now, 19 policy credit programs with outstanding debt at the Vietnam Bank for Social Policies have had their interest rates adjusted down with a total outstanding debt of over VND 6,017 billion. For example, the interest rate for loans to poor households and students has been adjusted down from 6.6% to 6.24%; the interest rate for loans to provide clean water and rural environmental sanitation has been adjusted down from 9% to 8.4%/year; the interest rate for loans to near-poor households and loans to create jobs has been adjusted down from 7.92% to 7.488%/year... For the remaining two credit programs, the housing loan program for poor households is being applied with a 0% interest rate; the loan program to support the development of cooperatives from the provincial budget is being proposed to the Provincial People's Committee for consideration and approval to adjust the loan interest rate accordingly.

On that basis, the Bank for Social Policies, Quang Ninh branch and transaction offices promptly issued documents to the People's Committees of communes, wards, special zones, entrusted socio- political organizations, savings and loan groups in the area to disseminate and propagate the adjustment of interest rates; publicly announce the new interest rates at the headquarters of transaction offices, People's Committees of communes, wards,   special economic zones; continue to create maximum favorable conditions for people to access policy credit sources.

The current interest rate reduction demonstrates the humanity, efficiency and superiority of social policy credit, contributing to supporting people in developing production and increasing income. At the same time, it continues to affirm the important role of policy credit in ensuring social security for people in the province.

Cao Quynh

Source: https://baoquangninh.vn/giam-lai-suat-cac-chuong-trinh-tin-dung-chinh-sach-3387201.html