The State Bank of Vietnam has engaged commercial banks to roll out a credit package of around VND 500 trillion to support enterprises investing in infrastructure and digital technology, with preferential lending terms. The update was provided by Permanent Deputy Governor Dao Minh Tu in remarks to the media at the Government’s regular April 2025 press conference. A total of 21 commercial banks have registered to participate, collectively committing VND 500 trillion. Commitments comprise four state-owned commercial banks at VND 60 trillion each, 12 large private joint-stock banks at VND 20 trillion each, and five smaller private joint-stock banks at VND 4 trillion each. The package targets borrowers investing in infrastructure and digital technology, with a minimum interest rate discount of 1 percentage point versus banks’ current average standard lending rates and a minimum preferential period of two years; funding is to come entirely from commercial banks’ own resources rather than the state budget or foreign sources. Implementation considerations highlighted include the need to define eligible sectors, projects and beneficiaries for the preferential terms, and to manage maturity mismatch given typical infrastructure loan tenors of at least five to 10 years alongside predominantly short-term bank funding, including through co-financing for large projects. To address targeting and funding-planning issues, the central bank has worked with relevant ministries and issued requests for clearer identification of priority fields, projects and enterprises. The State Bank of Vietnam indicated it began implementation work in April and will intensify efforts during May to accelerate delivery of the programme.
State Bank of Vietnam 2025-05-07
State Bank of Vietnam coordinates VND 500 trillion preferential credit package with 21 banks for infrastructure and digital investment
The State Bank of Vietnam has launched a VND 500 trillion credit package through 21 commercial banks to support infrastructure and digital technology investments, offering preferential lending terms. Contributions come from state-owned and private banks, with a minimum interest rate discount of 1 percentage point and a preferential period of at least two years. The central bank is working with ministries to define eligible sectors and manage funding challenges, with implementation efforts underway since April.