Urgently deploy a credit package of 500,000 billion VND for businesses to invest in infrastructure and digital technology.

Speaking at the opening of the meeting, Deputy Governor of the State Bank of Vietnam Dao Minh Tu emphasized that in recent times, the banking sector has actively implemented synchronous solutions to promote credit growth, meeting the capital needs for production and business of people and businesses in general, as well as businesses investing in infrastructure and digital technology. Credit institutions have provided large capital sources for the fields of transport infrastructure, electricity and digital technology, helping businesses implement projects, contributing to the socio-economic development of the country.

“The Government and the Prime Minister always pay attention to and direct ministries and branches to implement solutions to promote infrastructure and digital technology development. Recently, the Prime Minister assigned Deputy Prime Minister Ho Duc Phoc to direct the State Bank to develop a credit package of about VND 500 trillion with preferential interest rates to support businesses investing in infrastructure and digital technology, encourage investment for growth and release social resources. In line with the Government's policy, on April 4, 2025, the State Bank held a technical meeting with commercial banks to discuss the contents of developing this credit program,” said the Deputy Governor.

According to Mr. Dao Minh Tu, the meeting between the State Bank and commercial banks today aims to continue implementing the Prime Minister's direction, to discuss and agree on the direction of implementing the credit package to ensure efficiency and substance. Thereby, demonstrating the initiative and determination of the banking sector to support businesses and promote economic growth.

At the meeting, commercial banks all agreed on the policy of implementing a credit package of 500,000 billion VND. In fact, currently, banks are participating in financing many key national infrastructure projects.

Specifically, Vietcombank has participated in financing the Lao Cai-Vinh Yen Power Transmission Line Project, Nhon Trach 3 and 4 Power Plants, and Long Thanh International Airport. According to Mr. Le Quang Vinh - General Director of Vietcombank, the banking industry has identified credit as an effective support tool for businesses. However, in order for banks to participate in supporting businesses in the above fields, especially innovative technology businesses, it is necessary to consider building a mechanism for capital contribution and benefit sharing, instead of applying traditional lending methods.

Ms. Phung Thi Binh - Deputy General Director of Agribank also affirmed that the bank is ready to support businesses, especially in terms of interest rates, but needs to be clear about responsibilities in lending so that banks can confidently implement.

In addition to preparing capital for lending to the above priority customers, banks are proactively implementing early support policies for customers affected by the new US tax policy. In cases that are widely affected, some banks have proposed debt restructuring mechanisms, maintaining the debt group, and simultaneously reducing interest rates and fees to share the difficulties with customers.

Permanent Deputy Governor of the State Bank Dao Minh Tu gave a speech at the meeting.

Concluding the meeting, Deputy Governor Dao Minh Tu acknowledged the consensus and positive response from commercial banks to the direction of the Government, Prime Minister and State Bank.

Regarding the current difficulties and challenges, especially the impact of the new US tax policy, many businesses and key economic sectors are being affected, leading to impacts on workers. Therefore, 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. With that spirit, the banking industry is unified in implementing this program in the spirit of "only discussing, not backtracking".

The Deputy Governor also noted that banks need to implement this program to achieve real effectiveness and multiple goals. However, during the implementation process, banks need to harmonize the goals of supporting businesses, promoting capital efficiency while still ensuring operational safety.

Regarding the lending mechanism in this credit package, the Deputy Governor said that resources from commercial banks will mainly be used. Banks will balance mobilized capital to lend appropriately. Loans within the credit package must still ensure credit conditions, without lowering standards, but there will be support mechanisms for interest rates, terms, co-financing mechanisms, etc. In particular, state-owned commercial banks need to promote their leading role and demonstrate greater responsibility to the economy.

To effectively implement the above credit package, the State Bank's Standing Deputy Governor Dao Minh Tu also requested that in the coming time, commercial banks proactively calculate, balance and allocate resources, and promptly submit documents to register to participate in the Credit Program in accordance with the direction in Official Dispatch No. 2627/VPCP-KTTH. Banks shall 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 correct lending subjects, review and appraise projects in accordance with the law.

Regarding lending interest rates, commercial banks proactively determine and publicize the applicable interest rates and interest calculation methods for customers borrowing capital under the Program in each period in the spirit of supporting customers to reduce capital costs in order to contribute to removing difficulties and promoting businesses to invest in infrastructure and digital technology.

Regarding the disbursement time of the Program until 2030 or until the full disbursement of the Credit Program, whichever comes first.

Regarding the preferential application period, banks proactively determine the time to apply the preferential interest rate to customers in a balanced and harmonious manner with the loan period to ensure the support nature of the Program. Along with that, banks promote propaganda and widely disseminate the policy so that beneficiaries know and participate; periodically every quarter, report the implementation status of the Program in the previous quarter to the State Bank.

Source: https://nhandan.vn/khan-truong-trien-khai-goi-tin-dung-500000-ty-dong-cho-loan-doanh-nghiep-dau-tu-ha-tang-va-cong-nghe-so-post871522.html