Implementing a 100,000 billion VND credit package for agriculture, forestry and fisheries.

Producing agricultural products for export at Dong Giao Food Export Joint Stock Company. Photo: Xuan Quang

This is a step to concretize the Government's direction in Resolution No. 46/NQ-CP dated March 8, 2025 of the Government and Directive No. 05/CT-TTg dated March 1, 2025 of the Prime Minister, aiming to remove difficulties for enterprises, cooperatives and production households in the context of the agricultural sector being under great pressure from the export market, raw material prices and natural disasters.

According to the State Bank, this credit program inherits and expands from the old program applied to the forestry and fishery sectors, now covering all production and business activities in the agriculture, forestry and fishery sectors.

The borrowers are customers with valid projects and production and business plans in the above fields. Loans will be disbursed until the total lending turnover of the entire system reaches 100,000 billion VND.

At least 15 commercial banks will implement this credit program, including: Agribank, BIDV, VietinBank, Vietcombank, LPBank, Sacombank, MB, ACB, Nam A Bank, OCB, Eximbank, BVBank, SHB, VietBank, HDBank.

In addition to the above 15 banks, the State Bank encourages other credit institutions to proactively participate in the program if qualified, on the basis of fully complying with the State Bank's instructions.

With large-scale capital and wide-ranging support, the program is expected to contribute to reducing credit costs, supporting production restructuring, promoting exports and increasing the value of Vietnamese agricultural products in the context of many economic difficulties.

Source: https://hanoimoi.vn/trien-khai-goi-tin-dung-100-000-ty-dong-cho-nong-lam-thuy-san-699049.html