The State Bank of Vietnam has issued guidance to 21 commercial banks on implementing a Government-directed credit programme to support long-term lending for priority projects in electricity, transport and strategic technology, setting a two-phase funding envelope and minimum interest-rate concessions. For 2025–2026, participating banks are to earmark around VND 100 trillion for preferential lending, with remaining capacity allocated in 2027–2030 based on project progress and demand, subject to each bank’s registered commitment and an overall programme cap of VND 500 trillion. Eligible borrowers are enterprises investing in nationally important projects identified by line ministries, including electricity projects listed by the Ministry of Industry and Trade, transport projects listed by the Ministry of Construction, and strategic technology projects producing items on the national strategic technology list and confirmed by the Ministry of Science and Technology. Preferential rates must be at least 1.0–1.5 percentage points per year below the lending bank’s average rate for the same tenor, applied for at least two years from each disbursement but not beyond the agreed loan term; the programme runs to end-2030 or until cumulative lending reaches VND 500 trillion, and concessions stop for disbursements after 31 December 2030 or once a bank’s registered funding is exhausted. Banks must fund loans from their own resources, apply normal credit appraisal and risk management rules, end concessions and claw back discounted interest if funds are misused, and implement internal instructions promptly, while the State Bank of Vietnam and its regional branches will monitor, inspect and supervise programme lending.
State Bank of Vietnam 2025-12-12
State Bank of Vietnam instructs 21 banks to roll out preferential credit programme for electricity transport and strategic technology projects capped at VND 500 trillion
The State Bank of Vietnam has directed 21 commercial banks to implement a credit programme supporting long-term lending for priority projects in electricity, transport, and strategic technology. Running until 2030, the programme involves VND 500 trillion with preferential interest rates 1.0–1.5 percentage points below average rates. Banks must adhere to normal credit appraisal and risk management rules, overseen by the State Bank of Vietnam.