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SBV implements 2% interest rate support program

by VTV408 July 2022 Last updated at 07:00 AM

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VTV.vn - On Wednesday, the State Bank of Vietnam held a national online conference to implement Decree 31 of the Government on supporting businesses, cooperatives, and business households with a 2% interest rate for loans from commercial banks.

Deputy Prime Minister Le Minh Khai attended and directed the conference. This is the first round of support from the State budget to be deployed by commercial banks in 2 years with a capital of 1,7 billion USD.

Speaking at the conference, Deputy Prime Minister Le Minh Khai asked the Ministry of Planning and Investment to be responsible for identifying beneficiaries. The Ministry of Finance will ensure funding and settlement.

The State Bank has asked credit institutions to ensure loans are deployed to the right subjects in a timely manner.

The Ministry of Construction has urged localities to implement housing construction projects.

The Ministry of Information and Communications has been widely disseminating information on the support policy so that the beneficiaries are aware and the People's Committees of the provinces can coordinate closely and bring the policy to life.