The State Bank of Vietnam has asked commercial banks to implement an expanded sector credit programme covering agriculture, forestry and fisheries, widening the scope of the existing forestry and fisheries programme in line with government direction to increase the programme’s scale. Eligible borrowers are customers with projects or business plans serving production and business activities in the agriculture, forestry and fisheries sectors. The programme is to be implemented until cumulative lending reaches VND 100 trillion based on volumes registered by participating banks, while other terms continue to follow the State Bank of Vietnam’s July 2023 guidance for the earlier forestry and fisheries programme. A group of 15 named banks, including Vietnam Bank for Agriculture and Rural Development, Joint Stock Commercial Bank for Investment and Development of Vietnam, Vietnam Joint Stock Commercial Bank for Industry and Trade and Joint Stock Commercial Bank for Foreign Trade of Vietnam, must track and compile implementation results and are responsible for the accuracy of data reported to the central bank, with participating banks also responsible for compliance with programme commitments on eligible borrowers and interest rates. Other commercial banks are encouraged to join the programme and follow the same guidance.
State Bank of Vietnam 2025-04-16
State Bank of Vietnam asks commercial banks to expand VND 100 trillion credit programme for agriculture forestry and fisheries
The State Bank of Vietnam has directed commercial banks to expand their sector credit programme to include agriculture, forestry, and fisheries, aiming for a cumulative lending target of VND 100 trillion. The programme, aligned with government directives, requires participating banks to adhere to existing guidance and report accurate data to the central bank. Other banks are encouraged to join under the same terms.