The State Bank of Vietnam (SBV) has just announced that, in accordance with the Government's directive on the implementation of the Credit Program for Investment in Electricity, Transportation, and Strategic Technology Infrastructure , the SBV has issued Official Letter No. 10825/NHNN-TD providing guidance on several aspects for the program's implementation.
The program will consist of two phases.
During the 2025-2026 period, commercial banks will allocate approximately 100 trillion VND (about 20% of the Program's scale) to provide loans at preferential interest rates for strategic electricity, transportation, and technology infrastructure projects.
During the period 2027-2030, based on the progress and credit capital needs of the projects, the remaining capital will be allocated and expanded to ensure that it does not exceed the committed amount of each bank participating in the Program and the total scale of the Program (maximum of 500 trillion VND).
Regarding eligible borrowers, the State Bank of Vietnam stated that the customers are businesses borrowing long-term capital to invest in key/important national projects in the fields of electricity infrastructure, transportation, and strategic technologies provided by the Ministries .
Specifically, for the electricity sector, the list of projects participating in the Program is as per Official Letter 9238/BCT-KHTC dated November 21, 2025, from the Ministry of Industry and Trade . For the transportation sector, the list of projects participating in the Program is based on Official Letter 14394/BXD-KHTC dated December 2, 2025, from the Ministry of Construction . For the strategic technology sector, projects producing products listed in the "National List of Strategic Technologies and Strategic Technology Products" as stipulated in Decision 1131/QĐ-TTg dated June 12, 2025, and whose eligibility has been confirmed by the Ministry of Science and Technology, are eligible.
The preferential interest rate of the Program will be at least 1-1.5% lower per year than the average lending interest rate for the same term offered by the lending bank. The program will be implemented until the end of 2030 or until the loan volume reaches the Program's target of VND 500 trillion (whichever comes first) .
The preferential interest rate will be applied for a minimum of two years from the date of each disbursement (according to each loan agreement), but not exceeding the loan term as stipulated in the loan agreement with the customer. The bank will cease applying the preferential interest rate to loans disbursed after December 31, 2030, or when the capital of the commercial bank registered to participate in the Program is exhausted, whichever comes first.
The interest rate on loans after the preferential period ends will be mutually agreed upon by the commercial bank and the customer, ensuring compliance with legal regulations and clearly defined or specified in the loan agreement signed between the bank and the customer.
If a commercial bank discovers that a customer is using the loan funds for purposes other than those intended, the lending bank will terminate the preferential interest rate and recover all the preferential interest rates granted to the customer from the date of disbursement until the date the preferential interest rate ends.
To implement the program, the State Bank of Vietnam requires participating commercial banks to promptly issue guidelines and organize the unified implementation of the program throughout their respective banking systems. Commercial banks are encouraged, within their authority, to waive or reduce service fees for customers participating in this program, in accordance with the law and bank regulations.
Commercial banks provide loans to customers to implement the Program using their own mobilized capital; they are responsible for reviewing, appraising, and deciding on loans to customers in accordance with the law on lending and are solely responsible for their lending decisions ; they classify loans, make provisions, and manage risks for loans under this Program in accordance with the law.
In addition, the State Bank of Vietnam also directed its functional departments and bureaus to monitor and summarize the results of loan implementation and address any difficulties and obstacles arising during the implementation of the Program; and to conduct inspections and supervision of lending under the Program.
In addition, the State Bank of Vietnam also directed the regional branches of the State Bank of Vietnam to monitor and inspect lending under this Program by commercial banks in their respective areas to customers according to their assigned functions and duties; and to promptly report to the Governor of the State Bank of Vietnam any issues beyond their authority.
Source: https://baophapluat.vn/se-co-100-000-ty-dong-vay-uu-dai-dau-tu-ha-tang-dien-giao-thong-cong-nghe-chien-luoc-trong-2-nam-2025-2026.html
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