Raising the credit program for agriculture, forestry and fishery to 185,000 billion VND

The State Bank has just directed credit institutions to continue implementing a preferential loan package for the agriculture, forestry and fishery sectors with a scale of 185,000 billion VND, with interest rates 1-2% lower per year than the average loan rate of the same term.

In order to promote the implementation of the credit program for the agriculture, forestry and fishery sectors, based on the registration documents of commercial banks, the State Bank of Vietnam issued Document No. 8333/NHNN-TD directing credit institutions to continue lending until turnover reaches VND 185,000 billion.

Banks Agribank, BIDV, Vietcombank, VietinBank, LPBank, Sacombank, Nam A Bank, ACB, MB, OCB, Eximbank, BVBank,SHB , VietBank, HDBank, TPBank, Kien Long Bank, Bac A Bank monitor and compile statistics on the implementation results of the Program and are responsible for implementing it in accordance with the commitments of this program (regarding subjects and interest rates).

In addition to the banks listed above, other commercial banks wishing to participate in the Program are encouraged to follow the instructions in this Official Dispatch, Official Dispatch No. 5631/NHNN-TD dated July 14, 2023 and Official Dispatch No. 2756/NHNN-TD dated April 15, 2025 of the State Bank of Vietnam.

The State Bank said that the scope of loan subjects has been expanded, according to Official Dispatch No. 5631/NHNN-TD dated July 14, 2023 of the State Bank of Vietnam into the Credit Program for the agriculture, forestry and fishery sector. Accordingly, loan subjects are customers with projects/plans to serve production and business activities in the agriculture, forestry and fishery sector.

The lending interest rate in Vietnamese Dong is at least 1%-2% lower per year than the average lending interest rate for the same term (short-term, medium-term, long-term) applied by the lending bank in each period./.

(Vietnam+)

Source: https://www.vietnamplus.vn/nang-chuong-trinh-tin-dung-doi-voi-linh-vuc-nong-lam-thuy-san-len-185000-ty-dong-post1063940.vnp