State Bank informs about 500 trillion VND credit package to invest in infrastructure and digital technology

Permanent Deputy Governor of the State Bank Dao Minh Tu answers questions at a press conference. Photo: Dinh Hiep

According to the Standing Deputy Governor of the State Bank, the disbursement scale of the preferential credit package of 500 trillion VND, as directed by the Prime Minister at the end of March 2025, has now been increased to nearly 100 trillion VND and the beneficiaries have been expanded.

According to Mr. Dao Minh Tu, the implementation of the VND500 trillion credit package for businesses to borrow to invest in infrastructure and digital technology demonstrates the Government's correctness in focusing resources on two key areas. These are important conditions for sustainable economic development in the next period.

“To achieve the double-digit growth target, these sectors must go first, creating a foundation for the development of other industries and professions,” Mr. Dao Minh Tu emphasized.

Following the Prime Minister's direction, the State Bank has immediately implemented circulars and worked with 21 banks. Currently, 21 commercial banks have registered to participate in the full amount of 500 trillion VND.

This loan package focuses on businesses investing in infrastructure and developing digital technology . Businesses are given a minimum interest rate incentive of 1% compared to the current average lending rate of commercial banks. In addition, the minimum preferential loan period is 2 years. This package will use the resources of commercial banks.

The Deputy Governor of the State Bank emphasized that infrastructure loans are often for very large projects. Large capital scales force commercial banks to co-finance. In addition, infrastructure loans always have very long terms, possibly 5 to 10 years, while banks mainly mobilize short-term capital, so there must be a structure, calculation of capital supply, and reasonable and safe capital handling.

“Therefore, it is necessary to have coordination among functional units, ministries and branches to clarify which subjects, projects, components and enterprises need capital support, ensuring the set goals. This May, the State Bank will continue to promote this work,” Mr. Dao Minh Tu emphasized.

Source: https://hanoimoi.vn/ngan-hang-nha-nuoc-thong-tin-ve-goi-tin-dung-500-nghin-ty-dong-dau-tu-cho-ha-tang-va-cong-nghe-so-701403.html