The State Bank of Vietnam published a report on a 18 May government conference implementing the Politburo’s Resolution 68 on private-sector development, in which Prime Minister Pham Minh Chinh said the Governor of the State Bank of Vietnam will issue a circular on funding sources to support private enterprises. The Prime Minister linked the forthcoming circular to an approach that would prioritise a portion of commercial credit for private firms, particularly small and medium-sized enterprises, supporting-industry companies, and innovative startups. The update also highlighted implementation measures being prepared across government, including a decree to further specify land access and an allocation principle under Resolution 68 to reserve at least 20 hectares per industrial park or cluster, or 5% of total developed land, for lease to high-tech firms, SMEs and innovative startups. Separately, the Ministry of Justice was tasked with building a digital legal portal to help businesses access policies and laws, track handling of legal matters, contribute to institutional reforms, and raise implementation issues. Next steps referenced in the discussion include the issuance of the government decree on land access and the State Bank of Vietnam circular on funding sources, alongside development of the digital legal portal.
State Bank of Vietnam 2025-05-19
State Bank of Vietnam to issue circular on commercial credit priorities for private SMEs and innovative startups
The State Bank of Vietnam plans to issue a circular prioritizing commercial credit for private enterprises, especially SMEs, supporting-industry companies, and innovative startups, following a government conference on Resolution 68. The government is preparing a decree to allocate land for high-tech firms and SMEs, and the Ministry of Justice will develop a digital legal portal to facilitate business access to policies and laws.