Implementing a credit program of over 100 trillion VND for the agriculture, forestry and fishery sector

The banking sector is determined to implement a credit program for the agriculture, forestry and fishery sectors with over 100 trillion VND in preferential credit capital.

Implementing the direction of the Government and the Prime Minister in Resolution No. 46/NQ-CP dated March 8, 2025 on the regular Government meeting in February 2025 and Directive 05/CT-TTg dated March 1, 2025 on increasing the scale of the credit program for the forestry and fishery sector to over VND 100,000 billion and expanding the scope and participants to the Credit Program for the agriculture, forestry and fishery sector, on April 15, 2025, the State Bank of Vietnam issued Official Dispatch No. 2756/NHNN-TD requesting commercial banks to implement the Credit Program for the agriculture, forestry and fishery sector.

Firstly, expand the scope and subjects of the Credit Program for the forestry and fishery sector according to Official Dispatch No. 5631/NHNN-TD dated July 14, 2023 of the State Bank of Vietnam into the Credit Program for the agriculture, forestry and fishery sector. Accordingly, the subjects of loans are customers with projects/plans serving production and business activities in the agriculture, forestry and fishery sector. The program is implemented until the loan turnover reaches VND 100,000 billion (according to the registration level of commercial banks). Other related contents continue to be implemented according to the direction in Official Dispatch No. 5631/NHNN-TD dated July 14, 2023 of the State Bank of Vietnam.

Second, the banks: Vietnam Agriculture and Rural Development (Agribank), Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank), Loc Phat Joint Stock Commercial Bank, Saigon Thuong Tin Joint Stock Commercial Bank, Military Joint Stock Commercial Bank, Asia Commercial Bank, Nam A Joint Stock Commercial Bank, Phuong Dong Joint Stock Commercial Bank, Vietnam Import-Export Joint Stock Commercial Bank, Ban Viet Joint Stock Commercial Bank, Saigon - Hanoi Joint Stock Commercial Bank, Vietnam Thuong Tin Joint Stock Commercial Bank, Ho Chi Minh City Development Joint Stock Commercial Bank shall monitor and compile statistics on the results of the Program's implementation and be responsible for the accuracy of the data reported to the State Bank of Vietnam and provided to other relevant agencies (if any). Commercial banks shall be responsible for the implementation in accordance with the commitments of this Program (regarding subjects and interest rates).

Third, in addition to the banks listed in Point 2 above, other commercial banks wishing to participate in the Program are encouraged to follow the instructions in this Official Dispatch and Official Dispatch 5631/NHNN-TD dated July 14, 2023 of the State Bank of Vietnam.

Regarding this content, from the perspective of commercial banks, Vietcombank has announced to continue expanding the program's participants to corporate customers with projects/plans serving production and business activities in the agricultural sector in parallel with customers operating in the forestry and fishery sectors and increasing the scale of the Program by 1.5 times, reaching 15,000 billion VND.

Vietcombank's leaders said: As the leading commercial bank in Vietnam, always proactively implementing the management policies of the Government and the State Bank, Vietcombank is committed to continuing to implement the Credit Program for the agricultural, forestry and fishery sector in a public, transparent, timely, targeted and purposeful manner for customers who meet the Program's conditions with the aim of supporting people, business households, and production and business enterprises in the agricultural, forestry and fishery sectors to overcome difficulties, stabilize and promote production and export activities, contributing to a breakthrough in promoting economic growth, ensuring the national growth target.

Mr. Minh

Source: https://baochinhphu.vn/trien-khai-chuong-trinh-tin-dung-tren-100-nghin-ty-dong-voi-linh-vuc-nong-lam-thuy-san-102250415172632097.htm