Big credit package, will the loan door open?

Huge capital waiting for borrowers

The mortgage business loan package with interest rate from only 5.39%/year for individual business households has been implemented by VPBank since this week, this lending interest rate has decreased by 1% compared to before. With the policy of financing 100% of capital needs, the loan can be up to 20 billion VND, the maximum loan limit is 80% of the value of the collateral and the flexible loan term of up to 20 years, customers can be more proactive in their business plans, ensure stable cash flow, reduce financial pressure and focus on developing production activities.

According to VPBank representative, the implementation of this preferential mortgage business loan interest rate package is not only a solution to support cash flow but also a driving force to help business households expand production, invest effectively and grow sustainably, helping business households overcome difficult times and develop more strongly.

Also from April 2025, VIB officially launched the 2025 Apartment and Townhouse Loan package with a scale of VND 45,000 billion with an interest rate of 5.9% - 6.9% - 7.9% fixed for 6 - 12 - 24 months, after which the interest rate is maintained at a reasonable level, equal to the base interest rate plus a margin of 2.9%. With this loan package, in the first 5 years, customers only have to pay VND 1 million in principal per month for VND 1 billion in outstanding debt, which is 0.1%/month, much lower than the 0.3% to 0.8% commonly seen on the market. In addition, customers can proactively customize the principal repayment plan, early repayment to suit their needs and financial capacity at each stage.

VietinBank offers a breakthrough solution, creating momentum for industrial real estate investors by supporting capital up to 70% of the total investment, with a loan term of up to 15 years and an interest rate of only 5.8%/year for borrowers.

The banking industry has shown a strong commitment to "pumping blood" into the economy. Photo: Duy Minh

These are just a few of dozens of credit packages in many fields that commercial banks are focusing on offering to the economy in this second quarter. The huge capital flow that the economy is waiting for, and has been announced by the banking industry, is the VND500,000 billion credit package to support businesses investing in infrastructure and digital technology, especially key infrastructure projects.

In the context of the economy gradually recovering and restructuring after many shocks from both inside and outside, information about the preferential credit package worth 500,000 billion VND implemented by the State Bank in coordination with commercial banks under the direction of the Government has created a new positive wind in the business community. This is a strong step, demonstrating the great determination of the banking industry in "pumping blood" into the economy, especially in key areas such as infrastructure and digital technology.

Accordingly, banks will base on the list of key projects in the transport, electricity and digital technology sectors issued by the Ministry of Construction, the Ministry of Industry and Trade, and the Ministry of Science and Technology to determine the right lending subjects, review and appraise projects in accordance with the law. The lending interest rate will be determined and publicly applied according to the program in each period in the spirit of supporting customers to reduce capital costs, contributing to removing obstacles and promoting businesses to invest in infrastructure and digital technology.

No lowering of credit standards

The VND500 trillion credit package is not simply a huge number. What is important is a clear direction for capital use, focusing on areas with high spillover potential, such as infrastructure development, digital transformation and high technology - the "pillars" for sustainable growth in the long term. The highlight of this program is the balance between supporting businesses and ensuring the safety of the financial system. The State Bank has specifically noted not to lower credit standards, but to encourage creativity in access mechanisms, from co-financing to debt extension, debt restructuring and interest rate reduction when necessary.

Deputy Governor of the State Bank Dao Minh Tu, in a meeting with commercial banks on the implementation of this credit package, emphasized that the implementation of the VND500,000 billion credit package and timely support policies is very urgent, demonstrating the correct policy of the Party, State and Government. Therefore, banks "only discuss doing, not retreating".

"Working table" with many capital supply solutions has been proposed by banks, in the spirit of accompanying businesses while still ensuring legal regulations on lending. For example, Vietcombank is sponsoring a series of key projects such as Lao Cai - Vinh Yen power transmission line, Nhon Trach 3 and 4 power plants, Long Thanh international airport and will continue to sponsor other projects. VIB affirmed that it will set aside a credit package of 5,000 - 10,000 billion VND with preferential interest rates about 1% lower, proactively following the Government's priority policies to provide capital for the economy...

Vietcombank General Director Le Quang Vinh said that in order for bank capital to reach innovative technology enterprises, it is necessary to consider building a mechanism for capital contribution and benefit sharing, instead of applying traditional lending methods.

Agribank representative, Ms. Phung Thi Binh, Deputy General Director, affirmed that the bank is ready to support businesses, especially in terms of interest rates, but also expressed the view that it is necessary to be clear about responsibilities in lending so that banks can confidently and boldly implement this credit package.

The fact that banks are pledging resources shows that market confidence is being rebuilt. This is a key moment for credit flows to act as a "flywheel" to bring the economy back to growth.

According to economic experts, the VND500 trillion credit package to support key infrastructure and digital technology projects not only supports large corporations and enterprises but also benefits millions of workers in supply chains. In the context of the domestic economy being affected by the trade policies of many economies around the world, the fact that banks proactively propose debt extension, maintain debt groups and waive fees is a concrete manifestation of the spirit of sharing at the right time. Capital flow is not simply money, but also revived confidence, which Vietnamese businesses really need at this time.

At recent conferences on promoting bank credit, many businesses have raised concerns that the major bottleneck is still collateral, especially for small and medium-sized enterprises. Therefore, businesses want to continue to have access to capital with reasonable interest rates and suitable terms to expand production.

Thuy Linh

Source: https://congthuong.vn/goi-tin-dung-lon-cua-vay-co-mo-382531.html