Reduce lending interest rates for some policy credit programs

According to Decision 1826/QD-TTg dated October 9 of the Prime Minister, the lending interest rate for a number of policy credit programs at the Vietnam Bank for Social Policies will be adjusted down. Specifically, the preferential lending interest rate for near-poor households will be reduced to 120% of the lending interest rate for poor households prescribed in each period (previously, the interest rate for near-poor households was 130% of the lending interest rate for poor households).

The lending interest rate for the Rural Water Supply and Sanitation Program will be reduced from 0.9%/month to 0.8%/month (9.6%/year). Similarly, the lending interest rate for households engaged in production and business in disadvantaged areas will also be reduced from 0.9%/month to 0.8%/month (9.6%/year). These new interest rates will take effect from October 9 and apply to new loans from October 9.

According to ND DT-DP