The State Bank of Vietnam (SBV) has requested the commercial banks to expand their lending targets in implementing the Credit Program for the Agriculture, Forestry and Fisheries Sectors.
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Implementing the directions of the Government as stated in Resolution No. 46/NQ-CP dated March 8, 2025 of the regular Government meeting for February 2025, and Directive No. 05/CT-TTg dated March 1, 2025 of the Prime Minister on up-scaling the Credit Program for the Forestry and Fisheries Sectors to over VND 100,000 billion, and expanding the scope and the targets to become a Credit Program for the Agriculture, Forestry and Fisheries Sectors, on April 15, 2025, the State Bank of Vietnam (SBV) issued Document No. 2756/NHNN-TD requesting the commercial banks to implement the Credit Program for the Agriculture, Forestry and Fisheries Sectors, specifically as follows:
1. Expanding the scope and the targets of the current Credit Program for the Forestry and Fisheries sectors in accordance with Document No. 5631/NHNN-TD dated July 14, 2023 of the SBV to become a Credit Program for the Agriculture, Forestry and Fisheries Sectors. Accordingly, the lending targets are customers with projects/plans in support of the production and business in the agriculture, forestry or fisheries sectors. The program will be implemented until the lending volume has reached VND 100,000 billion. Other related contents shall continue to be implemented in accordance with the instructions mentioned in Document No. 5631/NHNN-TD dated July 14, 2023 of the SBV.
2. Vietnam Bank for Agriculture and Rural Development (Agribank), the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Fortune Vietnam Joint Stock Commercial Bank (LPBank), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), the Military Commercial Joint Stock Bank (MB), the Asia Commercial Joint Stock Bank (ACB), Nam A Commercial Joint Stock Bank (NamABank), Orient Commercial Joint Stock Bank (OCB), Vietnam Export Import Commercial Joint Stock Bank (Eximbank), Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), Saigon-Hanoi Commercial Joint Stock Bank (SHB), Vietnam ThuongTin Commercial Joint Stock Bank (Vietbank), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) shall monitor and keep track of the implementation results of the Program, and shall be responsible for the accuracy of the data reported to the SBV and other relevant authorities (if applicable). The commercial banks shall be responsible for the implementation as committed in the Program (regarding the targets and the interest rates).
3. In addition to the banks mentioned in Paragraph 2, other commercial banks that desire to join the Program are encouraged to follow the instructions in this Document and Document No. 5631/NHNN-TD dated July 14, 2023 of the SBV.
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