Increase the scale of credit for agriculture, forestry and fishery to 185,000 billion VND

The State Bank of Vietnam issued Document No. 8333/NHNN-TD on continuing to implement the credit program for the agriculture, forestry and fishery sectors.

Accordingly, the program will continue to lend until sales reach VND185,000 billion, based on the registration of commercial banks. Banks are responsible for monitoring and reporting implementation results, while ensuring loans are given to the right subjects and at the committed interest rates.

The loan subjects are expanded, including customers with projects and plans to serve production and business activities in the fields of agriculture, forestry and fishery. Regarding interest rates, the State Bank stipulates that loans in Vietnamese Dong must be at least 1-2% lower per year than the average lending interest rate for the same term (short, medium, long term) of the lending bank.

Source: https://baodanang.vn/nang-quy-mo-tin-dung-nong-lam-thuy-san-len-185-000-ty-dong-3305010.html