HCMC – Vietnam’s banking sector will introduce a VND500-trillion credit package to support businesses to invest in digital infrastructure and technology.
The decision was announced following a meeting on April 10 between the State Bank of Vietnam (SBV) and commercial banks, reported the Vietnam News Agency.
The package aims to provide low-interest loans to firms in digital infrastructure and innovation sectors, contributing to economic growth. The SBV said the plan should be implemented efficiently and transparently.
Vietcombank and VIB said they were already financing key infrastructure projects. Vietcombank has backed the Lao Cai–Vinh Yen power transmission line, Nhon Trach 3 and 4 power plants, and Long Thanh International Airport. VIB has financed BOT and power-related projects.
VIB said it could allocate VND5-10 trillion to the program, offering interest rates about one percentage point lower than market levels.
Several banks recommended developing alternative support mechanisms, such as equity contributions and profit-sharing, instead of traditional loans. They also proposed support measures for clients affected by the new U.S. tariff policy, including debt restructuring and interest waivers.
The SBV encouraged broader participation from local lenders and requested them to balance resources and register for the program.
Banks will determine and publicly disclose lending rates under the program. Disbursement will continue until 2030 or until funds are exhausted.
Each quarter, participating banks must report progress to the central bank.
The initiative follows a directive from Prime Minister Pham Minh Chinh. Deputy Prime Minister Ho Duc Phoc has been assigned to oversee the program’s development.
