Expanding the 100,000 billion VND credit package for loans to agriculture, forestry and fishery

NDO - Implementing the direction of the Government and the Prime Minister on increasing the scale of the credit program for the forestry and fishery sector to about more than 100,000 billion VND and expanding the scope and participants into the Credit Program for the agriculture, forestry and fishery sector, on April 15, the State Bank of Vietnam issued an official dispatch requesting commercial banks to implement the Credit Program for the agriculture, forestry and fishery sector.

Báo Nhân dân•15/04/2025

Specifically, the State Bank requires commercial banks to expand the scope and subjects of the Credit Program for the forestry and fishery sector according to Official Dispatch 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 loan subjects 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 VND 100,000 billion (according to the registered level of commercial banks). Other related contents will 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 also requires the banks: Vietnam Agriculture and Rural Development, Vietnam Investment and Development Joint Stock Commercial Bank, Vietnam Industry and Trade Joint Stock Commercial Bank, Vietnam Foreign Trade Joint Stock Commercial Bank, Loc Phat Joint Stock Commercial Bank, Saigon Thuong Tin Joint Stock Commercial Bank, Military Joint Stock Commercial Bank, Asia Commercial Bank, Nam A Joint Stock Commercial Bank, Phuong Dong Joint Stock Commercial Bank, Vietnam Import-Export Joint Stock Commercial Bank, Ban Viet Joint Stock Commercial Bank, Saigon-Hanoi Joint Stock 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 provide it to other relevant agencies (if any).

Commercial banks are responsible for implementing the Program's commitments (regarding subjects and interest rates).

In addition to the banks listed above, other commercial banks wishing to participate in the Program are encouraged 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://nhandan.vn/mo-rong-goi-tin-dung-100000-ty-dong-cho-vay-nong-lam-thuy-san-post872631.html