Provincial People's Committee works with the South Central Region Development Bank Branch

On the morning of April 10, 2025, the working delegation of the Vietnam Development Bank (VDB) led by Mr. Dao Quang Truong, General Director of the VDB, had a working session with the Provincial People's Committee on reporting on the implementation of State investment credit work according to Decree No. 78/2023/ND-CP dated November 7, 2023 of the Prime Minister . Accompanying the delegation were comrades: Bui Van Thong, Deputy General Director of the VDB; Bui Nam, Director of the South Central Bank Branch and members of the working delegation. Receiving and working with the delegation were comrades: Tran Quoc Nam, Chairman of the Provincial People's Committee; Le Huyen, Vice Chairman of the Provincial People's Committee; leaders of relevant Departments and branches.

Overview of the working session

On November 7, 2023, the Government issued Decree No. 78/2023/ND-CP amending and supplementing a number of articles of Decree No. 32/2017/ND-CP dated March 31, 2017 of the Government on State investment credit, effective from December 22, 2023. This is a very important legal document, expected to create a synchronous legal framework to unblock State investment credit sources as well as promote the activities of the Development Bank (VDB) - the agency implementing the State's investment credit policy.

Comrade Dao Quang Truong, General Director of Vietnam Development Bank, spoke at the meeting.

Regarding the list of investment credit loan projects : Decree No. 78/2023/ND - CP has added to the list of loan recipients a number of investment projects in the fields of socio -economic infrastructure, transport infrastructure with large capital needs in order to be consistent with the policies and orientations of the Party and the State, priority development policies for a number of key sectors and fields and the country's socio - economic development strategy from now to 2030; including projects: New construction, expansion, renovation, upgrading of roads, railways, inland waterway ports, seaports, airports; new construction, investment in expansion, renovation, procurement of equipment for hospitals, universities. For the group of investment projects in infrastructure of industrial parks, export processing zones, high-tech parks, the Decree has added investment projects in high-tech agricultural zones, high-tech agricultural zones; Add projects using liquefied natural gas (LNG) to the group of investment projects to build power plants using energy sources.

Regarding the interest rate for State investment credit loans, it is decided by the Vietnam Development Bank but not lower than 85% of the average lending interest rate of domestic commercial banks in the same period; the State budget does not subsidize interest and management fees for these loans. The current investment credit loan interest rate is 6.9%/year . Regarding the loan term , the Vietnam Development Bank shall base on the results of project appraisal, production and business characteristics, the capital recovery ability of each project and the debt repayment ability of customers to decide the loan term for each project, without limiting the maximum loan term as before...

Comrade Bui Nam, Director of the South Central Bank Branch, spoke at the meeting.

At the meeting, the leaders of the Vietnam Development Bank hoped that relevant departments and branches would pay attention to supporting the transfer of information to investors in the area ; supporting the provision of information related to Development Planning, sectors ; Regional and local development planning that have been issued; information on project investors who need to borrow capital to invest in the area . On that basis, the Vietnam Development Bank will approach, exchange information, and introduce new lending mechanisms according to the provisions of Decree No. 78/2023/ND - CP to investors. Thereby, grasping the investment capital borrowing needs of investors and projects eligible for borrowing capital in the area to report to the Vietnam Development Bank on the implementation plan for 2025 as well as the following years. In particular , some projects are about to be implemented such as: Nuclear Power Plant 1 & 2 ( including component projects such as: electricity , water, infrastructure, internal traffic system... ) ; pumped energy projects being implemented in Ninh Thuan province; projects in the list of projects calling for non-budgetary investment capital in the province in the period 2025 - 2030 ...

Provincial leaders took souvenir photos with the working delegation.

Speaking at the meeting, Chairman of the Provincial People's Committee Tran Quoc Nam respectfully expressed his sincere thanks to the working delegation for taking the time to work with the province; at the same time, he also informed about the socio-economic development situation; planning, investment attraction, business development and the implementation of projects in the province, including the nuclear power project... He hoped that the Vietnam Development Bank, the South Central Coast Development Bank Branch would continue to promote the implementation of credit programs and lending policies for projects being implemented in Ninh Thuan province, including the fields of high-tech agriculture, social housing, projects related to technical infrastructure such as: water supply, clean water for daily life... Assign the Provincial Investment, Trade and Tourism Promotion Center to proactively connect with the Bank and investors to learn more about the lending mechanisms and policies according to the provisions of Decree No. 78/2023/ND - CP ./.

Source: https://ninhthuan.gov.vn/portal/Pages/2025-4-10/Uy-ban-nhan-dan-tinh-lam-viec-voi-Chi-nhanh-Ngan-h47dafi.aspx