Submit to the Government for promulgation of a Decree on 2% interest rate support according to Resolution 68

The State Bank of Vietnam (SBV) has submitted to the Government a Decree regulating the interest rate support of 2%/year from the State budget for enterprises in the private economic sector (SES), business households, and individual businesses borrowing capital to implement green, circular projects and apply the ESG standards framework.

Deputy Governor of the State Bank of Vietnam Doan Thai Son provides information on credit growth. Photo: VGP/NB

At the regular September Government press conference organized by the Government Office on the afternoon of October 5, Deputy Governor of the State Bank of Vietnam Doan Thai Son said that as of September 29, the total outstanding credit balance of the entire system reached about 17.71 million billion VND, an increase of 13.37% compared to the end of 2024, adding about 2 million billion VND to the economy compared to the end of 2024, this is also the highest credit growth rate since 2020.

Credit structure of sectors is consistent with economic structure (by the end of July 2025): Credit proportion for three economic sectors: agriculture, forestry and fishery accounts for 6.23%; industry - construction accounts for 23.97%; trade - services accounts for 69.8%.

According to Deputy Governor of the State Bank of Vietnam Doan Thai Son, credit capital continues to be directed towards production and business sectors and priority sectors, with about 78% of the economy's outstanding loans serving the production and business sectors.

Some priority sectors under the direction of the Government and the Prime Minister account for a large proportion (by the end of August 2025): the agricultural sector reached over 3.9 million billion VND, accounting for 22.76%; small and medium enterprises reached over 3.3 million billion, accounting for 19.04% or had high growth rates such as: supporting industry reached 574 thousand billion VND, up 23.14% and high-tech application enterprises reached 76,000 billion VND, up 25.74%.

The loan program to remove difficulties for the forestry and fishery export sector has disbursed a cumulative amount of nearly VND106,000 billion, exceeding the set target and continues to be expanded to increase the scale of the fourth program to VND185,000 billion.

According to the State Bank of Vietnam, the social housing loan program and the loan program for young people under 35 years old to buy social housing under Resolution 33/NQ-CP of the Government have also achieved certain results, disbursing about VND 4,700 billion (up 66.2% compared to the end of 2024). In addition, many commercial banks have proactively researched and implemented a housing loan program (commercial) for people under 35 years old to buy houses, 4 commercial banks alone (by the end of July 2025) have disbursed nearly VND 19,335 billion.

Deputy Governor Doan Thai Son assessed that credit policy has actively supported key economic sectors, contributing to the overall growth target, while ensuring risk control and stabilizing the monetary market.

“The bank also submitted to the Government a Decree regulating the interest rate support of 2%/year from the state budget for enterprises in the private economic sector, business households, and individual businesses to borrow capital to implement green and circular projects and apply the ESG standard framework,” said Mr. Doan Thai Son.

Source: https://baotintuc.vn/kinh-te/trinh-chinh-phu-ban-hanh-nghi-dinh-ho-tro-lai-suat-2-theo-nghi-quyet-68-20251005192356098.htm