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
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(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
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(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
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(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
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