500,000 billion VND credit package coming soon

The above information was announced by Mr. Dao Minh Tu, Permanent Deputy Governor of the State Bank at the regular Government press conference in April 2025 that just took place. Accordingly, 21 commercial banks will implement this credit package. Of which, 4 large state-owned commercial banks including Joint Stock Commercial Bank for Foreign Trade (Vietcombank), Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Joint Stock Commercial Bank for Investment and Development (BIDV) and Bank for Agriculture and Rural Development (Agribank) are the main forces, each bank registered to participate with a level of 60,000 billion VND. There are 12 large-scale private banks registered at 20,000 billion VND/bank and 5 smaller-scale commercial banks registered about 4,000 billion VND/bank.

Báo Bình Dương•10/05/2025

The VND500 trillion credit package will prioritize businesses investing in two key areas: infrastructure and technology. In particular, projects in the fields of digital technology , digital transformation, smart manufacturing, etc. will receive preferential interest rates at least 1% lower than the current average. At the same time, the preferential interest rate period will be extended to at least 2 years, creating favorable conditions for businesses to effectively implement projects.

A notable point is that the VND500,000 billion credit package does not use the State budget or foreign loans. Instead, commercial banks will use their mobilized resources to provide credit, on the basis of restructuring loans, extending loan terms, as well as co-financing large projects. With this form, the credit package not only ensures flexibility but also reduces the budget burden, while still strongly supporting areas that need medium and long-term capital...

THANH HONG

Source: https://baobinhduong.vn/sap-co-goi-tin-dung-500-000-ty-dong-a346716.html