The State Bank needs to soon specify the policy of supporting 2% interest rate.
Resolution 198/2025/QH15 of the National Assembly clearly states that private enterprises, business households, and business individuals implementing green projects, circular economy , and applying ESG standards will receive interest rate support of 2%/year. However, although the resolution has been issued, there are still no specific instructions for enterprises to access preferential capital.
Mr. Dinh Hong Ky, Vice Chairman of HUBA, proposed that the State Bank of Vietnam soon issue detailed guidance documents for commercial banks to implement this policy. Delegate Hoang Quoc Khanh ( Lai Chau ) also warned that if not carefully studied, the new policy could very well repeat the "mistakes" of the interest rate support package under Resolution 43, which was previously assessed as difficult to access and slow to disburse.
Responding to questions, Finance Minister Nguyen Van Thang said that the Government has issued Resolution 139/NQ-CP assigning the Ministry of Finance and the State Bank to coordinate in developing a new decree, overcoming old shortcomings, ensuring feasible policies, and allocating resources properly and sufficiently.
According to SBV Governor Nguyen Thi Hong, the main source of funding is still the State budget, which can be through financial funds or the commercial banking system. SBV is working with the Ministry of Finance to develop specific guidelines, and at the same time proposes to incorporate corporate income tax incentives for units that receive loans.
National Assembly Chairman Tran Thanh Man suggested that the State Bank of Vietnam must have a specific plan to implement immediately after the National Assembly session in June. Experts also emphasized that for the policy to be effective, it is necessary to have transparency in the subjects, criteria, and procedures, avoiding the “ask-give” mechanism, helping businesses and banks to easily access and implement.
Need to allocate enough preferential resources for small and medium enterprises
In accordance with Resolution 198/2025/QH15, in addition to the 2% interest rate support policy per year, small and medium enterprises and innovative startups will have access to preferential capital from the Small and Medium Enterprise Development Fund. The Ministry of Finance is drafting guidance documents and is committed to allocating resources for the Fund to provide new loans at preferential interest rates.
The Government also encourages commercial banks to increase preferential credit provision for this group of enterprises.
According to Resolution 139/NQ-CP, the Ministry of Finance is assigned to submit to the Government a document guiding the policy of supporting 2% interest rate from non-budgetary financial funds, applicable to private enterprises, households and individuals doing business implementing green, circular projects, or applying ESG standards; to be completed in 2025. At the same time, the Ministry is also reviewing the current decree to enhance the operational efficiency of the Small and Medium Enterprise Development Fund.
Mr. Mac Quoc Anh, Vice Chairman and General Secretary of the Hanoi Association of Small and Medium Enterprises, said that it is necessary to promote the role of the Small and Medium Enterprise Development Fund in parallel with perfecting the model of Credit Guarantee Funds. "With guarantees from the Fund, banks will be more confident in expanding credit to small and medium enterprises," he emphasized.
Source: https://baodaknong.vn/khac-phuc-diem-nghen-goi-ho-tro-lai-suat-2-257126.html
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