blue-check Sectors prioritized for banks’ loan provision

Official letter No. 9064/NHNN-TD dated December 22nd, 2022 of the State Bank of Vietnam regarding the work of credit, interest rate in the near future
Posted: 27/12/2022 9:08:15 AM | Latest updated: 6/1/2023 2:44:43 PM (GMT+7) | LuatVietnam: 5618 | Vietlaw: 595

This Official letter is to request commercial banks to continue enhancing the implementation of the interest rate subsidy program for loans of enterprises, cooperatives, and household businesses under Decree No. 31/2022/ND-CP and Circular No. 03/2022/TT-NHNN.

Concurrently, to continue reducing operating costs, administrative procedures and unnecessary expenses to have sources to reduce lending interest rates on loans for supporting socio-economic recovery and development in accordance with Resolution No. 43/2022/QH15. The SBV will monitor cases where credit institutions continue increasing interest rates and take measures to handle them.

Regarding credit extension polices, the SBV requested banks to focus on providing credit for production and business fields, prioritized sectors (rural agriculture, exportation, small - and medium - sized enterprises, supporting industries, high-tech applying enterprises); construction of industrial parks; provision of loans to meet the housing demand; projects that are about to be completed with good liquidity, especially social housing projects, worker housing, commercial housing projects with reasonable prices

However, it is required to strictly control credit risks with regard to investment in corporate bonds, potentially risky fields such as securities trading, real estate trading.

Ms Phuong Thao (
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Published Vietlaw's Newsletter No. 595

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