Credit package for hi-tech agriculture hoped to become fruitful
The recent credit package worth 100 trillion VND for hi-tech agriculture is expected to give a breath of fresh air to Vietnam’s agriculture amid the recurrent problem of “bumper crop, sliding prices”.
Farmers use a combine harvester to harvest rice (Photo: VNA)
Hanoi (VNA) – Therecent credit package worth 100 trillion VND (nearly 4.4 billion USD) forhi-tech agriculture is expected to give a breath of fresh air to Vietnam’s agricultureamid the recurrent problem of “bumper crop, sliding prices”.
Deputy Governor of the State Bank of Vietnam(SBV) Dao Minh Tu told Vietnam News Agency that eight commercial banks havecommitted to loaning more than 100 trillion VND under this package. Outstandingloans for the application of high technology in agriculture have totalled 26trillion VND (over 1.1 billion USD), which was given to 3,957 individuals and64 businesses.
Of that sum, 21.7 trillion VND (954.36 millionUSD), or 84 percent, was provided for hi-tech agricultural activities. Theremaining 4.3 trillion VND (189.1 million USD) was loaned to projects in cleanagriculture.
There haven’t been any bad debts reported sofar, Tu noted.
Before giving loans, banks have to consider whetherborrowers are able to pay off their debts, he said, taking pig farming as anexample. If farmers cannot sell their pigs like what has happened recently, baddebt will immediately appear.
If the market demand is not taken into accountwhen investing in agricultural activities, products will become unsalable, hestressed, adding that Prime Minister Nguyen Xuan Phuc had emphasised the needto consider supply and demand while promoting hi-tech agriculture.
Criteria for determining projects eligible forthe credit package targeting hi-tech or clean agriculture production andbusiness are detailed in Decision 738/QD-BNN-KHCN, dated March 14, 2017, of theMinistry of Agriculture and Rural Development.
Commercial banks pledge to give short-, medium-and long-term loans at annual interest rates that are 0.5 – 1.5 percent lowerthan the normal lending rates of the same loan terms. Banks arrange capitalsources for the credit package by themselves.
Under the package, banks and borrowers cannegotiate about whether or not use loan guarantee measures. Borrowers can alsouse the asset generated by their loans as collateral.-VNA
Authorities of the Mekong Delta province of Hau Giang on March 20 received a delegation from the Tata International Vietnam Company Limited, to discuss agricultural investment in the province.
Prime Minister Nguyen Xuan Phuc has signed a resolution providing a credit package worth 100 trillion VND (4.4 billion USD) to invest in the development of high-tech agriculture at lower-than-market rates.
Party General Secretary Nguyen Phu Trong has requested Gia Lai province to rely on its strengths to develop hi-tech agriculture and forestry in combination with processing industry.
The Central Highlands has become a major agricultural production hub of Vietnam, producing many high-demand products and bringing home multi-billion-USD export revenue.
President Tran Dai Quang advised the central province of Nghe An to shift towards organic agriculture using biological and high technology during a working session with local authorities on April 29.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Farmers use a combine harvester to harvest rice (Photo: VNA) 
