Following the Prime Minister’s Directive in Notice No. 508/TB-VPCP dated November 5, 2024, and the State Bank of Vietnam’s guidance in Official Dispatch No. 8364/NHNN-TD dated October 11, 2024, Vietcombank announces the launch of the Loan Program for Linking the Production, Processing, and Consumption of High-Quality, Low-Emission Rice Products in the Mekong Delta. The program will be implemented across the Vietcombank system with the following details:

1. Program disbursement scale: VND3 trillion.
2. Eligible borrowers: Customers involved in the production, processing, and consumption of high-quality, low-emission rice products in the Mekong Delta who meet Vietcombank’s regulations, conditions, and lending policies.
3. Program duration: Until December 31, 2025.
4. Interest rate: During the program period, the lending interest rate will be at least 1% lower than Vietcombank’s standard interest rate for the same term.

The detailed terms and conditions of the program are outlined in the State Bank of Vietnam’s and Vietcombank’s instructions.

As a leading commercial bank in Vietnam, Vietcombank is committed to proactively implementing Government and State Bank of Vietnam’s policies. The bank pledges to carry out the Loan Program for the rice industry in a transparent, timely, and targeted manner, ensuring it reaches eligible customers and fulfills its intended purpose. The goal is to establish 1 million hectares of high-quality, low-emission rice cultivation, while reorganizing the production system along the value chain. This program will apply sustainable farming practices, enhance the value of the rice industry, and improve production efficiency, income, and the livelihoods of rice farmers. It also aims to protect the environment, adapt to climate change, reduce greenhouse gas emissions, and contribute to Vietnam’s international commitments.

VCB News