Expanding the 100,000 billion VND credit package for the agricultural sector,...

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 subjects of participation into the Credit Program for the agriculture, forestry and fishery sector. On April 15, 2025, the State Bank of Vietnam issued Official Letter No. 2756/NHNN-TD requesting commercial banks to expand the scope and subjects of the Credit Program for the forestry and fishery sector according to Official Letter 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 borrowers are customers with projects/plans serving production and business activities in the fields of agriculture, forestry and fishery. The program will be implemented until the loan turnover reaches 100,000 billion VND (according to the registered 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.

The State Bank requires the following banks: Vietnam Bank for Agriculture and Rural Development, Vietnam Joint Stock Commercial Bank for Investment and Development, Vietnam Joint Stock Commercial Bank for Industry and Trade, Vietnam Joint Stock Commercial Bank for Foreign Trade, Loc Phat Joint Stock Commercial Bank, Saigon Thuong Tin Joint Stock Commercial Bank, Military Joint Stock Commercial Bank, Asia Commercial Bank, Nam A Commercial Bank, Phuong Dong Joint Stock Commercial Bank, Vietnam Import-Export Joint Stock Commercial Bank, Ban Viet Joint Stock Commercial Bank, Saigon - Hanoi Commercial Bank, Vietnam Thuong Tin Joint Stock Commercial Bank, Ho Chi Minh City Development Joint Stock Commercial Bank to 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 are responsible for implementing the Program in accordance with its commitments (regarding subjects and interest rates).

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

Source: https://baodaknong.vn/mo-rong-goi-tin-dung-100-000-ty-dong-cho-linh-vuc-nong-lam-thuy-san-249574.html