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Updated: 2022-05-17 09:30:37

Non-public preschools and primary schools are entitled to a preferential loan with an interest rate of 3.3%/year to maintain operations

(VBSP News) Deputy Prime Minister Le Minh Khai has just signed Decision No. 11/2022/QD-TTg on credit for non-public preschool and primary schools affected by the COVID-19 pandemic.

Accordingly, eligible borrowers include non-public early childhood and primary schools, including private and people-founded childcare groups, pre-primary classes, early childhood classes (hereinafter collectively referred to as private and people-founded early childhood education institutions); private and people-founded nurseries, pre-primary schools and early childhood schools (hereinafter collectively referred to as private and people-founded early childhood schools); private primary schools in accordance with law.

To be eligible for the loans, borrowers must satisfy the following conditions: Being formed and operating in accordance with law; Having its operation suspended at least 1 month up to the time of borrowing; Having a plan on borrowing loans for recovering and maintaining operation, that is made according to form and appraised by the Bank for Social Policies; Having no non-performing loan owed to any credit institutions or foreign bank branches arising before January 23, 2020, by the time of proposing for a loan.

The maximum loans for a people-founded or private early childhood education institution and a people-founded or private early childhood school or a private primary school are 80 million VND and 200 million VND, respectively. The maximum loan term is 36 months and the loan interest rate is 3.3%/year.

Borrowers do not have to provide loan security for loans up to VND 100 million. However, with the loan amount of over VND 100 million, the loan must be secured according to the regulations of VBSP.

The maximum loan capital under this Decision is VND 1,400 billion from the Government-guaranteed bond issuance of VBSP.

The time for the loan disbursement must not exceed the date of December 31, 2023 or the time of the end of the loan capital, whichever comes first.

This decision takes effect from April 27.






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