The scale of the agricultural, forestry and fishery credit program is up to 185,000 billion VND.

The State Bank has issued a document directing credit institutions to continue lending to the agriculture, forestry and fishery sectors, with a scale of 185,000 billion VND.

Since 2023, the State Bank has made several adjustments to expand the scale of the loan package for the agriculture, forestry and fishery sector from VND15,000 billion to VND30,000 billion, then to VND60,000 billion. Recently, this credit package has been further increased to VND100,000 billion.

23,800 customers received loans in the fields of agriculture, forestry and fisheries. Illustrative photo

The State Bank representative said that the loan package has reached 94% of the target, with nearly 23,800 customers receiving loans through 17 commercial banks. Increasing the scale and expanding the scope of implementation not only helps businesses overcome difficulties, but also creates an important driving force for the sustainable development of the agriculture, forestry and fishery sectors, contributing positively to the country's economic growth.

According to the State Bank, the credit package has been expanded into a Credit Program for the agriculture, forestry and fishery sectors. Accordingly, the loan target is also expanded to include customers with projects and plans to serve production and business activities in the agriculture, forestry and fishery sectors.

The current VND lending interest rate is at least 1-2%/year lower than the average lending interest rate for the same term (short-term, medium-term, long-term) applied by the lending bank itself in each period.

Source: https://hanoimoi.vn/quy-mo-chuong-trinh-tin-dung-nong-lam-thuy-san-len-toi-185-000-ty-dong-717277.html