State Bank increases credit scale for agriculture, forestry and fishery to 185,000 billion VND

(Chinhphu.vn) - The State Bank of Vietnam (SBV) has just decided to increase the scale of the credit program for the agriculture, forestry and fishery sector to 185,000 billion VND. The program continues to be implemented at commercial banks, with lending interest rates 1-2% lower on average per year.

State Bank increases credit scale for agriculture, forestry and fishery to 185,000 billion VND

The State Bank of Vietnam has just issued Document No. 8333/NHNN-TD, officially increasing the scale of the credit program for the agriculture, forestry and fishery sector to 185,000 billion VND. This is a step to continue supporting projects and production and business plans in this sector, thereby contributing to promoting sustainable agricultural development.

According to the direction, the credit program for the agricultural, forestry and fishery sectors is implemented according to Official Dispatch No. 5631/NHNN-TD dated July 14, 2023 and Official Dispatch No. 2756/NHNN-TD dated April 15, 2025. The program will continue to provide loans until the turnover reaches VND 185,000 billion, based on the registration of commercial banks. In addition, other related contents are still implemented in accordance with the previous instructions of the State Bank.

The list of participating banks includes: Agribank, BIDV, VietinBank, Vietcombank, Loc Phat, Sacombank, MB, ACB, Nam A, OCB, Eximbank, Ban Viet,SHB , Vietbank, HDBank, TPBank, KienlongBank and BacABank. These banks are responsible for monitoring and reporting implementation results, while ensuring loans are given to the right subjects and at the committed interest rates. In addition, the State Bank also encourages other commercial banks that wish to participate in implementing the program in accordance with the instructions.

Notably, the loan subjects have been expanded according to the previous Official Letter 5631/NHNN-TD. That is, the subjects will include customers with projects and plans to serve production and business activities in the fields of agriculture, forestry and fishery. This is the key point to help many enterprises, cooperatives and production households access preferential capital sources.

Regarding interest rates, the State Bank of Vietnam stipulates that loans in Vietnamese Dong must be at least 1-2% lower per year than the average lending interest rate of the same term of the lending bank. This is expected to help reduce capital costs for customers, thereby improving production efficiency and supporting sustainable development of the agricultural, forestry and fishery sectors.

Mr. Minh

Source: https://baochinhphu.vn/nhnn-nang-quy-mo-tin-dung-nong-lam-thuy-san-len-185000-ty-dong-102250925135434902.htm