Reduce interest rates on policy loans.

Millions of poor households and people in difficult economic circumstances will benefit from reduced interest rates on loans from the Vietnam Social Policy Bank (NHCSXH). This interest rate reduction policy is spreading rapidly and yielding positive results in many localities.

From December 1st, in accordance with Decision No. 2553/QD-TTg of the Prime Minister , the Vietnam Bank for Social Policies (VBSP) officially reduced lending interest rates for many credit programs, including: loans for poor households and students under Decision No. 157/2007 (reduced from 6.6% to 6.24%/year); loans for production and business households and traders in disadvantaged areas (reduced from 9% to 7.8%/year); rural clean water and sanitation program (reduced from 9% to 8.4%/year)...

Observations in several localities in the Central Highlands and South Central regions indicate that the reduction in interest rates for these policy credit programs has begun to have a strong impact, helping hundreds of thousands of households in areas affected by recent storms and floods to ease their interest burden and have more opportunities to recover their production and business activities.

According to statistics from the Vietnam Bank for Social Policies (VBSP) branch in Gia Lai province, the bank's transaction offices are currently providing loans under 20 policy credit programs with over 340,000 loans. Of these, approximately 300,000 loans are eligible for interest rate reductions under Decision No. 2553/QD-TTg, primarily for customers recently affected by storms and floods. Therefore, these interest rate reductions, although not substantial, are very practical and meaningful in the current circumstances, when people have just suffered significant property losses and need time to restore their production and business activities.

Policy loans with reduced interest rates will open up more social welfare opportunities.

Similarly, in Khanh Hoa , a representative of the Vietnam Bank for Social Policies (VBSP) stated that, in accordance with Resolution No. 380/NQ-CP (on solutions to overcome the consequences of natural disasters in Central Vietnam), this credit institution has reduced interest rates by 2% per year from October 1st to December 31st for borrowers affected by storms and floods. The bank has reviewed approximately 252,000 loans that will have their interest rates reduced according to Decision No. 2553/QĐ-TTg, thereby helping over 195,000 customers reduce their interest payment burden for loans under programs such as job creation and clean water and sanitation.

For provinces and cities in the southern region, although they have not been significantly affected by natural disasters recently, according to feedback from branches of the Vietnam Bank for Social Policies, reducing interest rates on policy credit programs will be a strong driving force for the transformation of the agricultural economy in these localities, especially supporting southern provinces and cities in completing national target programs after administrative boundary consolidation and merger.

In Can Tho City, following the merger, by the end of October 2025, the total outstanding loan balance for policy credit programs in the locality had reached over 16,400 billion VND. With the policy of reducing interest rates, nearly 350,000 households will benefit from loans for clean water and job creation.

Meanwhile, in An Giang province, as of November 2025, the total outstanding debt of policy credit programs reached approximately 13,160 billion VND. This capital has supported the provision of funds to over 12,000 poor households and ethnic minority households, helping the locality to quickly implement national target programs, such as the National Target Program for socio-economic development in ethnic minority and mountainous areas; the National Target Program for building new rural areas; and the National Target Program for sustainable poverty reduction.

Representatives from the Vietnam Bank for Social Policies (VBSP) branch in Dong Thap province stated that reducing interest rates on policy credit programs has always been a desire of the bank's branches and transaction offices. Recently, through Savings and Loan Groups, VBSP Dong Thap has also conducted comparisons of interest rates to ensure they are appropriate to the actual situation of each loan. For households facing difficulties, the bank has also proposed reducing lending interest rates within the prescribed limits. Therefore, the simultaneous reduction of interest rates on many credit programs for the poor by VBSP will provide an opportunity for branches and transaction offices to promptly propose interest rate reductions for tens of thousands of customers, helping people feel encouraged and confident in expanding their production and business activities.

Nationwide, according to statistics from the State Bank of Vietnam as of early December, approximately 3 million customers were affected by storms and floods in 22 provinces and cities. When the Vietnam Bank for Social Policies (VBSP) implemented a 2% annual interest rate reduction for the last three months of the year, the estimated amount of interest saved for people was over 1.1 trillion VND. For small-scale policy loans and for poor, near-poor, and economically disadvantaged households, this support during the period leading up to the Lunar New Year is clearly a meaningful and practical "gift."

Source: https://thoibaonganhang.vn/giam-lai-suat-tin-dung-chinh-sach-174845.html