With large loan packages, are the borrowing doors open?

Credit growth is projected to strengthen in the second quarter of 2025 as banks focus on lending to key sectors.

Huge capital awaits borrowers.

VPBank has launched a business loan package with interest rates starting from just 5.39% per year for individual business owners this week, a 1% reduction compared to before. With a policy of financing 100% of capital needs, loans can reach up to VND 20 billion, with a maximum loan limit of 80% of the collateral value and flexible loan terms up to 20 years. This allows customers to be more proactive in their business plans, ensure stable cash flow, reduce financial pressure, and focus on developing their production activities.

According to VPBank representatives, the implementation of this preferential mortgage loan interest rate package is not only a solution to support cash flow but also a driving force to help business households expand production, invest effectively, and achieve sustainable growth, helping them overcome difficult times and develop more strongly.

Also starting in April 2025,VIB officially launched its 2025 Home and Townhouse Loan package with a scale of VND 45,000 billion, offering fixed interest rates of 5.9% - 6.9% - 7.9% for 6 - 12 - 24 months. After that, the interest rate will be maintained at a reasonable level, equal to the base interest rate plus a margin of 2.9%. With this loan package, in the first 5 years, customers only have to pay VND 1 million in principal each month for every VND 1 billion outstanding, which is 0.1%/month, much lower than the 0.3% to 0.8% commonly seen in the market. In addition, customers can proactively adjust their principal repayment plan and make early repayments to suit their needs and financial capabilities at each stage.

VietinBank offers a groundbreaking solution, creating momentum for industrial real estate investors by providing financing up to 70% of the total investment, with loan terms extending up to 15 years and interest rates starting from only 5.8% per year for borrowers.

The banking sector demonstrates a strong commitment to injecting lifeblood into the economy. Photo: Duy Minh

These are just a few of the dozens of credit packages across various sectors that commercial banks are focusing on providing to the economy in the second quarter. The massive capital flow that the economy is anticipating, and which the banking sector has announced will be implemented, is the 500 trillion VND credit package to support businesses investing in infrastructure and digital technology, especially key infrastructure projects.

Amidst the gradual economic recovery and restructuring following numerous internal and external shocks, the news of the VND 500 trillion preferential credit package, implemented by the State Bank of Vietnam in coordination with commercial banks under the Government's direction, has created a positive new wave in the business community. This is a strong step, demonstrating the banking sector's strong determination to inject life into the economy, especially in key sectors such as infrastructure and digital technology.

Accordingly, banks will base their lending decisions on the list of key projects in the transportation, electricity, and digital technology sectors, issued by the Ministry of Construction, the Ministry of Industry and Trade, and the Ministry of Science and Technology, to identify eligible borrowers and review and appraise projects in accordance with the law. The lending interest rate will be determined and publicly announced according to the program in each period, with the aim of supporting customers in reducing capital costs and contributing to resolving issues and promoting businesses to invest in infrastructure and digital technology.

Do not lower credit standards.

The 500 trillion VND credit package is not simply a huge sum. What's crucial is the clear direction for capital utilization, focusing on areas with high spillover effects, such as infrastructure development, digital transformation, and high technology – the "pillars" for sustainable long-term growth. A highlight of this program is the balance between supporting businesses and ensuring the safety of the financial system. The State Bank of Vietnam specifically noted that it would not lower credit standards, but instead encourage innovation in access mechanisms, from co-financing to debt rescheduling, debt restructuring, and interest rate reductions when necessary.

During a meeting with commercial banks regarding the implementation of this credit package, Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, emphasized that the implementation of the 500 trillion VND credit package and timely support policies is extremely urgent, reflecting the correct policies of the Party, State, and Government. Therefore, the banks should "only discuss implementation, not postponement."

Banks have proposed various solutions for providing capital, demonstrating their commitment to supporting businesses while ensuring compliance with lending laws. For example, Vietcombank is financing a number of key projects such as the Lao Cai - Vinh Yen power transmission line, the Nhon Trach 3 and 4 power plants, and the Long Thanh International Airport, and will continue to finance other projects. VIB has affirmed that it will allocate a credit package of 5,000 - 10,000 billion VND with preferential interest rates approximately 1% lower, proactively adhering to the government's priority policies to provide capital for the economy…

Vietcombank's General Director, Mr. Le Quang Vinh, expressed that in order for bank capital to reach innovative technology businesses, it is necessary to consider building a mechanism for capital contribution and benefit sharing, instead of applying traditional lending methods.

Representing Agribank, Ms. Phung Thi Binh, Deputy General Director, affirmed that the bank is ready to support businesses, especially regarding interest rates. She also stated that clear responsibilities in lending are needed so that banks can confidently implement this credit package.

The banks' concerted commitment of resources indicates that market confidence is being restored. This is a crucial time for credit flows to act as a "flywheel" to put the economy back on a growth trajectory.

According to economic experts, the 500 trillion VND credit package supporting key infrastructure and digital technology projects not only empowers large corporations and businesses but also benefits millions of workers in supply chains. In the context of the domestic economy being affected by trade policies of many economies around the world, the proactive approach of banks in proposing debt restructuring, maintaining debt classifications, and waiving or reducing fees is a concrete manifestation of timely sharing. This capital flow is not simply about money, but also about revived confidence, something Vietnamese businesses desperately need right now.

At recent conferences aimed at boosting bank credit, a major concern raised by many businesses remains the issue of collateral, particularly for small and medium-sized enterprises (SMEs). Therefore, businesses hope to continue accessing capital at reasonable interest rates and with suitable terms to expand production.

Thuy Linh

Source: https://congthuong.vn/goi-tin-dung-lon-cua-vay-co-mo-382531.html