State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

News 09:35 27/07/2023
(seafood.vasep.com.vn) Under Document No 5631, the eligible borrowers of this credit package are customers who have projects or plans to serve production and business activities in forestry and fishery areas.

HÀ NỘI — The State Bank of Việt Nam (SBV) on Wednesday issued a document guiding commercial banks to implement a credit package, worth VNĐ15 trillion (US$641 million), for businesses in the forestry and fishery sector.

Under Document No 5631, the eligible borrowers of this credit package are firms that have projects or plans to serve production and business activities in forestry and fishery areas.

They will enjoy lending interest rates in đồng which will be at least 1-2 per cent/year lower than the average interest rates offered for short-term, medium-term, and long-term deposits by commercial banks. 

The credit package will be implemented until the end of June 30, 2024, according to the document. 

In addition, commercial banks will, according to their competence, waive and reduce service fees for customers participating in the programme, by legal regulations and the size of the bank's operations.

State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

The programme will be implemented by self-mobilised capital from banks and lending under the normal commercial mechanisms.

Up to now, 12 commercial banks have registered to participate in the programme. They are Agribank, BIDV, VietinBank, Vietcombank, LPBank, Sacombank, MB Bank, ACB, Nam A Bank, OCB, Eximbank and SHB. 

Previously, Prime Minister Phạm Minh Chính instructed the SBV to study and propose a credit package of VNĐ10 trillion to support businesses producing and processing seafood and forestry products.

The PM asked for measures to help businesses conquer major markets while seeking new markets to boost exports.

He also asked the Ministry of Finance to direct authorised agencies to consider and implement solutions relating to exemptions and also reduce or extend payments of taxes and land and water surface rental fees to support businesses.

The export value declined by 28.2 per cent for main forest products to $6.5 billion over the past six months as European and American consumers tightened their spending and reduced consumption of wood products, resulting in a decline in new orders. 

Seafood exports also slumped 27.4 per cent year-on-year to $4.13 billion during the period. Of which, a high decline of 32 per cent in shrimp exports to $1.56 billion and 40 per cent in the tra fish export to $840 million were also recorded in H1-VNS.

Source: vietnamnews

 

 

 

 

credit package fishery businesses

TIN MỚI CẬP NHẬT

Seafood exports accelerate at year-end as key markets strongly rebound

 |  09:38 08/01/2026

(seafood.vasep.com.vn) Vietnam’s seafood exports reached $989.5 million in November 2025, up 64.6% year-on-year. The robust monthly performance played a pivotal role in driving the total export turnover for the first 11 months of 2025 to $10.5 billion, representing a 19% increase compared with the same period in 2024.

Vietnam’s Crab Exports to U.S. Hit 80%: Strategic Growth Amid Looming MMPA Risks

 |  09:30 06/01/2026

(vasep.com.vn) Vietnam’s crab exports reached USD 81 million in the first 11 months of 2025, with the United States accounting for more than 82% of total value. While newly imposed reciprocal tariffs and the enforcement of provisions under the U.S. Marine Mammal Protection Act (MMPA) pose significant challenges for Vietnam, the European Union is emerging as a promising growth market.

Ca Mau accelerates development of raw crab material areas for export

 |  09:29 31/12/2025

(seafood.vasep.com.vn) The Ca Mau Department of Agriculture and Environment has recently issued a plan to develop specialized crab raw material zones serving official export channels, covering a scale of around 50,000 hectares. This marks a significant shift in the sea crab industry towards professional production aligned with market requirements.

Tay Ninh’s fisheries output declines sharply in november

 |  08:57 29/12/2025

(seafood.vasep.comvn) According to the Tay Ninh Statistics Office, fisheries output in the province fell significantly in November 2025 due to the impact of storms and heavy rainfall, which delayed harvesting activities, particularly for pangasius.

30 years of Viet Nam - US seafood trade: From emerging market to strategic export pillar

 |  08:53 19/12/2025

(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.

VASEP calls on its member enterprises to strengthen efforts to combat IUU fishing and to work alongside the Government in lifting the EC yellow card

 |  09:43 17/12/2025

(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.

Vietnam’s tilapia makes its mark thanks to sustainability and nutritional value

 |  09:26 12/12/2025

(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.

Vietnam’s seafood exports in 2025 are heading towards the USD 11 billion mark

 |  08:50 10/12/2025

(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.

Vietnam’s tuna on the brink of 0% tariffs in the U.S: Breakthrough potential but significant challenges remain

 |  08:37 08/12/2025

(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC