State Bank of Vietnam reports Q1 2026 rollout of rural credit measures and targets June 2026 preferential credit decree for ethnic minority regions

The State Bank of Vietnam (SBV) published an update on its role in implementing Vietnam’s integrated 2026–2035 National Target Programme for new rural development, sustainable poverty reduction and socio-economic development in ethnic minority and mountainous areas. SBV reported it has already completed early-stage tasks to steer banking credit toward programme objectives and is preparing an updated preferential credit framework for delivery through the Vietnam Bank for Social Policies. Under the Government’s implementation plan for the National Assembly’s integration of the three programmes, SBV said it completed in Q1 2026 its task of directing credit institutions to implement credit policies supporting agriculture and rural development and of compiling statistics on credit resources contributing to the programme. Work is ongoing on a draft Government decree on preferential credit at the Vietnam Bank for Social Policies for ethnic minority and mountainous areas, intended to replace Decree No. 28/2022/ND-CP, which previously set out six preferential credit policies including support for housing, residential land, production land and occupational transition, value-chain production investment, and development of regions for valuable medicinal materials; SBV also cited 2021–2025 results including commercial credit outstanding in communes exceeding VND 2.4 quadrillion and policy credit outstanding at the Vietnam Bank for Social Policies reaching VND 2.8 trillion. SBV expects to submit the replacement decree for Government issuance in June 2026, six months ahead of the assigned deadline.