The State Bank pumps VND100,000 billion for agriculture, forestry and fishery

Expanding the scale and borrowers

On April 15, 2025, the State Bank of Vietnam issued Official Letter No. 2756/NHNN-TD, requesting commercial banks to implement a special credit program exclusively for the agriculture, forestry and fishery sector with an overall scale of up to VND100,000 billion.

This is a step to concretize the Government's direction in Resolution 46/NQ-CP dated March 8, 2025 and Directive 05/CT-TTg dated March 1, 2025, to remove difficulties for businesses, cooperatives and producing 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 sector (according to Official Dispatch 5631/NHNN-TD dated July 14, 2023), now covering all production and business activities in the agricultural, forestry and fishery sector.

The borrowers are customers with valid projects and production and business plans in the above fields. The loans will be disbursed until the total lending turnover of the entire system reaches VND100,000 billion.

List of banks officially implemented

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

These banks are responsible for monitoring, collecting statistics and reporting implementation results; ensuring transparency on lenders and interest rates in accordance with program commitments. All data sent to the State Bank will be the basis for monitoring and evaluating the effectiveness of implementation.

Encourage system expansion

Not only limited to the above list of banks, the State Bank also encourages other credit institutions to proactively participate in the program if they meet the conditions, on the basis of full compliance with the instructions in this document and document 5631 in 2023.

With large-scale capital and a wide range of 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.

Read the original here