Implementing the Prime Minister's Decision No. 2553/QĐ-TTg on the adjustment and reduction of interest rates for a number of social policy credit programs at the Viet Nam Bank for Social Policies, the VBSP General Director announces the following revised lending interest rates for the poor household loan program and other social policy credit programmes currently deployed by the Bank:
The annual interest rate for loans to poor households; loans for students under Decision No. 157/2007; loans for workers going abroad for employment; and loans for post-custodial individuals is adjusted down from 6.6% per annum (equivalent to 0.55% per month) to 6.24% per annum (equivalent to 0.52% per month).
Furthermore, the annual interest rate for loans to near-poor households and loans for job creation is adjusted down from 7.92% (equivalent to 0.66% per month) to 7.488% per annum (equivalent to 0.624% per month). The annual interest rate for loans to households engaged in production and business in disadvantaged regions and loans to traders operating commercially in disadvantaged regions is adjusted down from 9.0% per annum (equivalent to 0.75% per month) to 7.8% per annum (equivalent to 0.65% per month).
The annual interest rate for loans to households that have recently exited poverty is adjusted down from 8.25% per annum (equivalent to 0.6875% per month) to 7.8% per annum (equivalent to 0.65% per month). The annual interest rate for loans for implementing clean water supply and rural environmental sanitation is adjusted down from 9.0% per annum (equivalent to 0.75% per month) to 8.4% per annum (equivalent to 0.70% per month). The annual interest rate for loans for socio-economic development in ethnic minority and mountainous areas and loans for workers from poor districts for overseas employment is adjusted down from 3.3% per annum (equivalent to 0.275% per month) to 3.12% per annum (equivalent to 0.26% per month).
In addition, the annual interest rate for loans to support production land and occupational transition is adjusted down from 3.3% per annum (0.275% per month) to 3.12% per annum (0.26% per month). For loans to support production development according to value chains for poor households, the rate is reduced from 3.3% per annum (0.275% per month) to 3.12% per annum (0.26% per month); and for near-poor households, businesses, and cooperatives, the rate is reduced from 3.96% per annum (0.33% per month) to 3.744% per annum (0.312% per month).
The new interest rates for the aforementioned social policy credit programs will be applied from December 1, 2025, for outstanding loan balances at the Viet Nam Bank for Social Policies.
The adjustment and reduction of interest rates for the VBSP's current social policy credit programs demonstrate the timely and compassionate commitment by the Party and State in listening to the concerns and aspirations of the people. This contributes to supporting the public in stabilising their lives and confidently restoring production and business activities, especially in the context of the recent severe storms and floods that caused heavy damage in many localities across the country. Consequently, this move continues to affirm the crucial role of policy credit in ensuring social security for the people.
