Increase the lending scale of the Credit Program for agriculture, forestry and fishery to 185,000 billion VND

According to the State Bank of Vietnam (SBV), on the morning of September 25, the SBV increased the lending scale of the Credit Program for the agriculture, forestry and fishery sector to VND185,000 billion.

With large-scale capital, the Program is expected to contribute to reducing credit costs, supporting production restructuring, promoting exports and increasing the value of Vietnamese agricultural products. Photo: Agribank

The credit program to support agriculture, forestry and fisheries is showing remarkable effectiveness, contributing to the recovery of production and promoting exports. Therefore, the State Bank of Vietnam has issued Document No. 8333/NHNN-TD directing credit institutions (CIs) to continue lending with a turnover of up to VND 185,000 billion. Since 2023, the State Bank of Vietnam has made many adjustments to expand the scale of the loan package, from VND 15,000 billion to VND 30,000 billion, then VND 60,000 billion and recently VND 100,000 billion.

Previously, a representative of the State Bank said that the loan package had reached 94% of the target, with nearly 23,800 customers receiving loans through 17 commercial banks. "Increasing the scale and expanding the scope of implementation not only helps businesses overcome difficulties, but also creates an important driving force for the agriculture, forestry and fishery sector to develop sustainably, contributing positively to the country's economic growth," said a representative of the State Bank.

According to the State Bank of Vietnam, 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 and plans to serve production and business activities in the agriculture, forestry and fishery sector.

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

Source: https://baotintuc.vn/kinh-te/nang-quy-mo-cho-vay-chuong-trinh-tin-dung-cho-nong-lam-thuy-san-len-muc-185000-ty-dong-20250925101312749.htm