HCMC – Vietnam’s central bank has rolled out a VND100-trillion credit package to support businesses in the agriculture, forestry, and fishery sectors.
The State Bank of Vietnam (SBV) has issued Official Dispatch No. 2756, calling on commercial banks to implement a large-scale lending program aimed at boosting production and business in these sectors.
The initiative will remain in place until total disbursements reach VND100 trillion, based on registered lending commitments from participating banks.
Banks involved in the program include Agribank, BIDV, VietinBank, Vietcombank, LPBank, Sacombank, MB, ACB, Nam A Bank, OCB, Eximbank, BVBank, SHB, HDBank, and VietBank.
These banks are required to monitor disbursements, ensure accurate reporting to the SBV, and provide relevant data to other authorized agencies when requested. They are also responsible for implementing the program in line with their registered commitments.
The SBV has also encouraged other lenders that meet eligibility requirements to participate voluntarily, provided they adhere to current guidance, including those outlined in Dispatch No. 5631 issued in 2023.
