The State Bank of Vietnam (SBV) has asked commercial banks to develop and publish credit programs targeting key economic growth drivers and small and medium-sized enterprises (SMEs) in August, with Vietnamese dong (VND) lending rates at least 1 percentage point lower than the banks’ average lending rates for loans of the same maturity.

Eligible borrowers include SMEs, as well as businesses and individuals engaged in production and business activities in priority sectors and key growth drivers, including agriculture and rural development, supporting industries, high-tech businesses, exports, the digital economy, artificial intelligence, semiconductors, processing and manufacturing, and projects listed under the country’s green classification framework.

Banks are also required to waive or reduce applicable service fees for customers, in accordance with regulations and their operational scale and financial capacity.

As of July 31, total outstanding loans in the economy reached nearly VND20.3 quadrillion ($771 billion), up 8.98% from the end of 2025, according to the SBV.

Outstanding loans to businesses stood at nearly VND11 quadrillion, accounting for 53.3% of the total credit. Of this, private enterprises accounted for more than VND9.1 quadrillion, SMEs over VND3.9 quadrillion, State-owned enterprises about VND606 trillion and foreign-invested enterprises around VND836 trillion.