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Press Release

Updated: 2022-05-10 13:47:54

Loan for investment, support for development of precious medicinal plant zones according Decree No. 28/2022/ND-CP of the Government

Decree No. 28/2022/ND-CP dated April 26, 2022 of the Government on preferential credit policies for implementation of the National target program on socio-economic development of ethnic minority and mountainous regions in the 2021-2030 period, the first phase: 2021 – 2025.

Borrowers shall be enterprises, cooperatives, unions of cooperatives, households and production and business organizations (hereinafter referred to as production and business establishments) that operate in areas with extremely difficult conditions in ethnic minority and mountainous regions, employ ethnic minorities equal to 50% or more of the total number of employees, and participate in the Project on precious medicinal plant zone development (hereinafter referred to as the precious medicinal plant zone project), the Project on centers for high-tech propagation, conservation and development of medicinal plants (hereinafter referred to as the propagation center project) approved by a competent agency.

Borrowers must fully meet the following conditions:

- Be established and operate legally, have an investment and loan use plan to participate in the precious medicinal plant zone project, the propagation center project approved by a competent agency.

- Have a loan borrowing plan that is appraised by the VBSP before a competent agency’s approval.

- Perform the loan security under regulations of the VBSP and law regulations on security transactions.

The total loans shall not exceed 45% of the total project investment amount and not exceed 96 billion VND for the precious medicinal plant zone project, not exceed 92 billion VND for the propagation center project. VBSP shall determine the loan levels applicable to production and business establishments participating in the propagation center project and the precious medicinal plant zone project, based on loan use plans and decisions on project implementation approval of the competent agency. Such loan levels must not exceed 45% of the production and business establishments’ investment amounts upon participation in the projects.

The loan terms must not exceed 10 years, the interest rate shall be 3.96%/year.





Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year


Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year


Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year