Foreign Affairs: A 220 trillion VND (8.3 billion US dollars) preferential credit program for small and medium enterprises (SMEs) and priority sectors will be implemented in the remaining months of this year to support businesses in accelerating their growth. According to the announcement by the Vice President of the State Bank of Vietnam (SBV),
According to Vietnam News on August 6, 2026, according to Phạm Thanh Hà, Vice President of the State Bank of Vietnam (SBV), the State Bank of Vietnam held a meeting to guide and encourage commercial banks, especially state-owned commercial banks, to use their pioneering role by allocating loan capital at preferential interest rates to support small and medium-sized enterprises in obtaining capital, promoting production and business, and creating momentum for economic growth.
Based on the results of the meeting, the State Bank of Vietnam is urgently finalizing guidelines to implement the program soon, Hà said.
The program is one of the central bank’s solutions to promote growth in the context of a volatile global economy due to geopolitical conflicts. and trade tensions.
Although Vietnam’s economy continues to show many positive signs, with gross domestic product (GDP) growing by 8.18 percent in the first six months of 2026, average inflation of 4.39 percent for the first seven months, and core inflation of 4.19 percent, the growth rate is still below the 9.7 percent target set in the government’s Decision No. 01, which calls for continued active policy implementation to support growth.
This site is translated by Google Translate™
