The State Bank of Vietnam convened commercial banks to implement the Government’s direction to develop an approximately VND 500 trillion preferential-rate credit programme for enterprises investing in infrastructure and digital technology, and to align on how the scheme will be rolled out. Banks at the meeting agreed in principle to participate. The programme will be funded primarily from commercial banks’ own resources, with participating banks required to maintain standard credit conditions and not lower lending standards, while offering support through mechanisms such as interest-rate concessions, loan-tenor support and co-financing arrangements. Banks were instructed to target lending based on the list of priority projects in transport, electricity and digital technology to be issued by the Ministry of Construction, the Ministry of Industry and Trade, and the Ministry of Science and Technology, and to determine and publicly disclose programme interest rates and interest-calculation methods over time; disbursements will run until 2030 or until the programme amount is fully used, whichever occurs first. The meeting also covered early support policies for customers affected by the US’s new tax policy, including proposals for debt restructuring, maintaining loan classifications and reducing interest and fees. Commercial banks were asked to urgently submit written registrations to participate, including the amounts they will commit, in line with the Prime Minister’s instruction in Official Letter No. 2627/VPCP-KTTH, and to report quarterly to the State Bank of Vietnam on implementation. SBV departments will collect registrations, monitor and consolidate results, prepare a report to the Prime Minister, and compile and publish participating banks’ lending and deposit interest rate information in accordance with existing rules.
State Bank of Vietnam 2025-04-10
State Bank of Vietnam moves banks toward a VND 500 trillion preferential credit programme for infrastructure and digital technology investment
The State Bank of Vietnam convened commercial banks to implement a VND 500 trillion preferential-rate credit programme for infrastructure and digital technology investments. Banks agreed to participate, funding primarily from their own resources while maintaining standard credit conditions and offering support through interest-rate concessions and co-financing. The programme targets priority projects in transport, electricity, and digital technology, with disbursements running until 2030 or until funds are exhausted.