Consolidated Document number 09/VBHN-NHNN on credit policies to serve the development of agriculture and rural areas

DECREE

On credit policies for agricultural and rural development

Decree No. 55/2015/ND-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from July 25, 2015, has been amended and supplemented by:

1. Decree No. 116/2018/ND-CP dated September 7, 2018 of the Government amending and supplementing certain articles of Decree No. 55/2015/ND-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

2. Decree No. 156/2025/ND-CP dated June 16, 2025 of the Government amending and supplementing certain articles of Decree No. 55/2015/ND-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which had been amended and supplemented by Decree No. 116/2018/ND-CP dated September 7, 2018 of the Government, which took effect from July 1, 2025.

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Organizations dated June 16, 2010;

At the proposal of the Governor of the State Bank of Vietnam,

The Government promulgates the Decree on credit policies for agricultural and rural development.^[1],[2]

Chapter I. GENERAL PROVISIONS

Article 1. Scope of Regulation

1. This Decree stipulates credit policies for agricultural and rural development to contribute to building new rural areas and improving the living standards of farmers and rural residents.

2. Credit policies for agricultural and rural development stipulated in this Decree do not include credit policies for the social policy bank and the Vietnam Development Bank in the field of agriculture and rural areas.

Article 2. Applicability

1. Organizations providing loans for agricultural and rural development are credit institutions and foreign bank branches operating according to the provisions of the Law on Credit Institutions (hereinafter referred to collectively as credit institutions).

2.^[3] Borrowers from credit institutions are individuals and legal entities, including:

a) Individuals residing in rural areas or engaged in production and business activities in the agricultural sector, or owners of farms;

b) Legal entities include:

(i) Cooperatives and cooperative unions located in rural areas or participating in production and business activities in the agricultural sector;

(ii) Enterprises engaged in production and business activities in rural areas, excluding real estate enterprises, mining enterprises, electricity production units, and enterprises not falling under the provisions of point (iii) of clause 2 of this Article located in industrial parks and export processing zones;

(iii) Enterprises supplying agricultural inputs for agricultural production and enterprises producing, purchasing, processing, and selling agricultural products and by-products.

3.^[4] When households, cooperatives, and other non-legal entity organizations participate in borrowing relationships, the members of such households, cooperatives, and organizations are the subjects establishing and implementing loan transactions or authorizing representatives to establish and implement such transactions. Such authorization must be documented in writing, except where otherwise agreed. Any change in the representative must be notified to the parties involved in the borrowing relationship. If a member of a household, cooperative, or non-legal entity organization participating in the borrowing relationship is not authorized by other members to act as a representative, that member is the subject of the borrowing relationship established and implemented by themselves.

Households, cooperatives, and other non-legal entity organizations referred to in this clause include:

a) Households residing in rural areas or engaged in production and business activities in the agricultural sector;

b) Businesses operating in rural areas;

c) Cooperatives located in rural areas or participating in production and business activities in the agricultural sector;

d) Private enterprises engaged in production and business activities in rural areas, excluding real estate enterprises, mining enterprises, electricity production units, and private enterprises not falling under the provisions of point (d) of clause 3 of this Article located in industrial parks and export processing zones;

e) Private enterprises supplying agricultural inputs for agricultural production and private enterprises producing, purchasing, processing, and selling agricultural products and by-products.

4.^[5] State management agencies, organizations, and other individuals related to the implementation of this Decree.

Article 3. Explanation of Terms

In this Decree, the following terms shall be understood as follows:

1.^[6] Rural areas refer to administrative units at the commune level, special economic zones (excluding special economic zones where local authorities perform tasks and powers corresponding to those of local authorities at the ward level).

2. Agriculture is a sub-sector within the national economy, comprising forestry, aquaculture, and crop production.of product.

3. Credit policies for agricultural and rural development include certain policies and measures of the State to create conditions for organizations and individuals to borrow funds for developing the agricultural sector and rural areas, while encouraging credit institutions to increase lending to these sectors, thereby contributing to restructuring the agricultural sector and building new rural areas, and gradually improving the living standards of the people.

4.^[7] A farm owner is an individual conducting business in the agricultural sector in compliance with legal regulations and meeting the criteria for farm economics as prescribed by competent authorities.

5. Seasonal loan is a method of lending to individuals and households for cultivating and caring for seasonal crops and livestock according to the production cycle in the same year or perennial crops and annual industrial crops, whereby the credit institution and the borrower agree that the principal debt of the previous cycle will continue to be used for the next production cycle but shall not exceed the duration of two consecutive production cycles.

6. Production linkage in agriculture is a form of cooperation and linkage based on contracts signed between various entities, including individuals, households, businesses, farm owners, cooperatives, cooperative unions, and enterprises, throughout the stages of the agricultural production process through the provision of input services, procurement, processing, and marketing of agricultural products.

7. Chain-linking in agricultural production is a form of linking in agricultural production through a closed chain from the production stage to purchasing, processing, and consumption of agricultural products (hereinafter referred to as chain-linking).

8. High-tech agricultural enterprise is an enterprise applying high technology in the production of agricultural products and being certified by the competent authority.

9. High-tech agricultural zone is a concentrated high-tech area implementing activities to apply research and development achievements of high technology into agriculture as prescribed by law.

10. High-tech agricultural region is a concentrated production area applying high technology in agriculture to produce one or several commodity agricultural products with regional advantages, ensuring high productivity, quality, added value, and environmental friendliness as prescribed by law.

11. Widespread natural disasters and epidemics are cases of natural disasters and epidemics occurring widely in agricultural production affecting one or more provinces, cities causing significant losses to many individuals, households, cooperatives, enterprises, and recognized and announced by the competent authority.

12. Objective and irresistible causes are events causing risks and losses that occur objectively, cannot be foreseen, and cannot be overcome despite the application of all necessary measures within the permitted capacity.

13.^[8] High-tech agricultural production and business projects and plans are projects and plans for production and business implemented in high-tech agricultural zones and regions; high-tech agricultural production and business projects and plans of high-tech agricultural enterprises; other high-tech agricultural production projects and plans aimed at clean agriculture, environmentally friendly agriculture, and climate change-resilient agriculture as prescribed by the competent authority.

14.^[9] The outstanding debt loss of a property is the principal outstanding loan balance of all loans made by a customer to a credit institution to form the damaged property at the time of damage, determined according to the degree of damage (damage ratio) of that property.

15.^[10] The customer's outstanding debt loss is the total outstanding debt loss of properties as stipulated in Clause 14 of this Article.

16.^[11] The document announcing the status of widespread natural disasters and epidemics is an administrative document issued by the People's Committee of the province to implement the policy of suspending debts as prescribed in this Decree, including the following main information: type of natural disaster and epidemic; the wide-ranging impact of the natural disaster and epidemic on the territory; start and end date (or ongoing) of the natural disaster and epidemic; instructions for organizations and individuals related to completing suspension of debt files as prescribed.

Article 4. Fields for lending to serve the development of agriculture and rural areas

1. Lending for costs incurred to serve the process of producing and trading agricultural products from production to purchasing, processing, and consumption.

2. Lending to serve industrial production, commerce, and provision of services in rural areas.

3. Lending for seed production in crop cultivation, animal husbandry, aquaculture, forestry, and provision of products and services serving agricultural production.

4. Lending to develop trades in rural areas.

5. Lending to serve the National Target Program on New Rural Development.

6. Lending to meet the needs serving the living standards of residents in rural areas.

7. Lending under economic programs related to agriculture and rural areas as provided by the Government.

Article 5. Principles for lending

1. Credit institutions shall provide loans to customers in accordance with the provisions of this Decree. Matters not specified in this Decree shall be carried out in accordance with current laws governing lending by credit institutions to customers.

2. Customers who are granted loans without collateral in accordance with Articles 9, 14, 15, and 15a.^[12] of this Decree. In case If customers have a higher borrowing need than the amount of unsecured loans stipulated in these Articles, the excess portion must comply with current regulations on lending by credit institutions to customers.

Article 6. State Support Policy

The Government has policies to encourage lending in the agricultural and rural areas sector through supporting capital sources, using monetary policy tools, risk management policies in the agricultural and rural areas sector, and other policies during each period.

Chapter II. SPECIFIC PROVISIONS

Article 7. Sources of Loan Capital

The sources of loan capital for credit organizations in the agricultural and rural areas sector include:

1. Own capital and mobilized capital of credit organizations in accordance with regulations.

2. Borrowed capital, received financial support, of contributions from domestic and foreign organizations and individuals.

3. Capital of contributions from the Government for lending in the agricultural and rural areas sector.

4. Support capital from the State Bank of Vietnam through the use of monetary policy management tools.

5.^[13] Other legitimate sources of capital of credit organizations.

Article 8. Loan Amounts and Methods of Lending

1. Credit organizations and customers agree on loan amounts in compliance with legal provisions.

1a.^[14] In cases where customers simultaneously meet the requirements for unsecured loan amounts stipulated in Articles 9, 14, 15, and 15a of this Decree, credit organizations and customers agree on unsecured loan amounts according to one of the loan amounts specified in these articles in compliance with legal provisions.

2. Based on production and business plans, projects serving livelihoods, purposes of capital usage by customers, credit organizations and customers agree on applying appropriate methods and procedures for lending to facilitate customers as much as possible, such as seasonal loans, credit limit loans, single-installment loans, and other lending methods consistent in compliance with legal provisions.

3.^[15] (Repealed)

Article 9. Guarantee Mechanism for Borrowed Funds

1. Credit organizations consider lending to customers based on secured or unsecured assets in accordance with legal provisions.

2.^[16] Individuals, households, cooperatives, businesses, farm owners, cooperatives, and cooperative unions may be considered for unsecured loans by credit organizations at the following levels:

a) Up to 3 billion VND for individuals and households;

b) Up to 5 billion VND for cooperatives and businesses;

c) Up to 30 billion VND for farm owners;

d) Up to 50 billion VND for cooperatives and cooperative unions.

3.^[17] Customers who borrow without collateral as stipulated in Clause 2 of this Article and credit organizations agree that customers submit to credit organizationscertificates of land use rights and ownership of property attached to the land of the customer during the period of borrowing without collateral from the credit organization.

4.^[18] Individuals and households borrowing capital from credit organizations in accordance with Article 4 of this Decree are exempt from notarization fees for mortgage contracts at notary offices and competent state agencies, and registration fees for guarantee transactions at guarantee registration agencies.

Article 10. Interest Rates for Loans

1. Interest rates for loans to develop agriculture and rural areas are agreed upon by customers and credit organizations in compliance with the State Bank of Vietnam's regulations during each period.

2. In cases where credit programs to develop agriculture and rural areas are implemented according to government directives, interest rates and support methods are carried out in compliance with government regulations.

3. For loans in the agricultural and rural areas sector from government capital or contributions from organizations and individuals, of then the interest rate is implemented in compliance with government regulations or agreed upon with the of contributor.

Article 11. Loan Period

1. Credit organizations and customers shall base on the production and business cycle, the capital recovery period of the project, the production and business plan, the customer's debt repayment capacity, and the credit organization's loanable funds to agree on the loan period and the credit limit maintenance period for the customer.

2. Credit organizations and customers shall agree on the principal and interest repayment period for revolving loans as stipulated in Clause 5, Article 3 of this Decree.

3.^[19] For perennial crops, credit organizations and customers shall agree on the grace period for principal and interest that is appropriate with the construction phase of perennial crops.

Article 12. Maintaining Debt Classification, Writing Off Debts, and New Loans^[20]

1.^[21] Credit organizations may maintain the current debt classification for debts with outstanding principal and interest that have been restructured according to the State Bank of Vietnam’s regulations on credit organizations restructuring debt repayment periods for customers facing difficulties due to objective and force majeure reasons as stipulated in this Decree; at the same time, they shall consider new loans based on the feasibility of the project, the production and business plan, and the customer's debt repayment capacity to help customers overcome difficulties, stabilize production, and be able to repay old and new debts to the credit organization.

2.^[22] In cases where customers suffer losses from borrowed capital and assets formed from borrowed capital due to natural disasters, epidemics occurring on a wide scale or due to objective and force majeure reasons as stipulated in Clause 3, Article 14, Clause 3, Article 15, and Clause 2, Article 15a of this Decree,^[23] the credit organization shall assess that the customer does not have the ability or lacks the ability to repay the loan to the credit organization, the People's Committee of the province/city directly under the Central Government (Provincial People's Committee) shall compile and specifically evaluate the damage, report to the Prime Minister, the State Bank of Vietnam, and the Ministry of Finance to consider writing off the damaged debt balance without interest from the date of damage occurrence.^[24]The maximum write-off period is two (2) years. Specifically, for cases stipulated in Clause 3, Article 14, Clause 3, Article 15, and Clause 2, Article 15a of this Decree,^[25] the maximum write-off period is three (3) years. Written-off debts shall retain their original debt classification as determined before the write-off. The amount of interest that the credit organization does not collect due to the write-off shall be covered by the state budget from the local budget. In cases where the local budget is difficult, the Provincial People's Committee shall report to the Ministry of Finance, which will take the lead and coordinate with the State Bank of Vietnam^[26] to report to the Prime Minister for consideration and decision to support from the central government's contingency fund.

3.^[27] Documents, Procedures, and Formalities for Requesting Debt Write-off

a) The documents for requesting debt write-off include:

(i) A notification document on the status of natural disasters and epidemics on a wide scale issued by the Provincial People's Committee in case of natural disasters and epidemics;

(ii) A request for debt write-off prepared by the customer;

(iii) Documentation proving the customer has outstanding loans at the credit organization, including: Copies of credit contracts, debt acknowledgment documents;

(iv)^[28] A record confirming the customer's loss of borrowed capital and assets formed from borrowed capital, specifying the date of damage, the extent of damage caused by natural disasters and epidemics on a wide scale or due to objective and force majeure reasons, with confirmation from the credit organization, the customer, and the competent authority (confirmation from the Provincial People's Committee for enterprises, cooperative unions; confirmation from the Commune People's Committee for individual households, cooperatives, farm owners, individuals, family households, cooperative groups);

(v) An assessment report by the branch of the credit organization or people's credit fund regarding the extent of damage, the customer's debt repayment capacity; the production and business plan, the debt repayment plan of the customer after the write-off period; the branch of the credit organization or people's credit fund's proposal on the write-off period for the customer.

b) Procedures and formalities for requesting debt write-off

(i) Within thirty (30) days from the date of receiving the notification document on the status of natural disasters and epidemics on a wide scale issued by the Provincial People's Committee or from the date of damage caused by objective and force majeure reasons, the branch of the credit organization or people's credit fund shall cooperate with the customer to prepare the documents for requesting debt write-off as stipulated in point a, Clause 3 of this Article and submit the list of customers requesting debt write-off in Form 01 attached to this Decree to the Department of Finance and the State Bank of Vietnam branch in the relevant areas.^[29];

(ii) Within fifteen (15) days from the date of receiving the documents for requesting debt write-off and the list of customers requesting debt write-off from the branch of the credit organization or people's credit fund, the State Bank of Vietnam branch in the relevant areas^[30] shall take the lead and coordinate with the Department of Finance to check and confirm the legality of the documents and data, compile the list of customers requesting debt write-off, and report to the Provincial People's Committee for confirmation and preparation of a report in Form 02 attached to this Decree along with the document requesting debt write-off to be sent to the State Bank of Vietnam and the Ministry of Finance;

(iii) Within fifteen (15) days from the date of confirmation of the list of customers requesting debt write-off by the Provincial People's Committee, the branch of the credit organization shall compile all the documents and materials as specified in points (i) and (ii) of point b, Clause 3 of this Article and report to the headquarters of the credit organization for verification to ensure the accuracy of the documents and data for requesting debt write-off; based on the results of the verification, the headquarters of the credit organization shall prepare the list of customers requesting debt write-off in Form 03 attached to this Decree and compile all the documents for requesting debt write-off to report and propose to the State Bank of Vietnam and the Ministry of Finance for specific consideration and handling of the debt write-off;

(iv) Within thirty (30) days from the date of receipt of the complete documents for requesting debt write-off as specified in points (ii) and (iii) of point b, Clause 3 of this Article, the State Bank of Vietnam shall take the lead and coordinate with the Ministry of Finance to consider and decide or submit to the Prime Minister for decision on the debt write-off as stipulated in Clause 4 of this Article.

4.^[31] The State Bank of Vietnam shall take the lead and coordinate with the Ministry of Finance to examine and decide on debt write-offs in cases where the total amount of proposed debt write-offs by credit institutions in the same disaster period, epidemic period, or the same period when risks occur due to objective and force majeure causes as stipulated in Clause 3 Article 14, Clause 3 Article 15, and Clause 2 Article 15a of this Decree is up to VND 1 billion; the State Bank of Vietnam shall take the lead and coordinate with the Ministry of Finance to report to the Prime Minister for examination and decision if the total amount of proposed debt write-offs by credit institutions exceeds VND 1 billion. In cases where the State Bank of Vietnam and the Ministry of Finance cannot reach an agreement on debt write-offs where the total amount of proposed debt write-offs by credit institutions is up to VND 1 billion, the State Bank of Vietnam shall report to the Prime Minister for examination and decision.^[32] Article 13. Provision for Losses and Risk Management

1. Credit institutions shall implement the provision for losses to manage risks as prescribed:

a) For unsecured loans as stipulated in Clause 2 Article 9, Article 14, Article 15, and Article 15a of this Decree, credit institutions may apply a minimum risk provision level equal to 50% of the risk provision level currently prescribed for similar loans in other sectors;

b) For secured loans: The State Bank of Vietnam shall specify the maximum deduction rate applicable to collateral for agricultural and rural loans during each period.^[33] A loan that remains in its original risk category according to Clause 1 Article 12 of this Decree and is within the extended repayment period shall not be reclassified into a higher risk category according to the asset classification regulations of credit institutions and foreign bank branches. If such a loan becomes overdue beyond the extended repayment period without further restructuring or no longer has a balance subject to restructuring under Clause 1 Article 12 of this Decree, the credit institution shall classify the loan according to the asset classification regulations of credit institutions and foreign bank branches.

Based on the Government's regulations on the level of provision, the method of provisioning for risk, and the use of provisions to manage risks in the operations of credit institutions and foreign bank branches, and Clause 1 of this Article, credit institutions shall establish a reserve amount corresponding to the entire outstanding balance of customers based on the loan classification results according to the asset classification regulations of credit institutions and foreign bank branches, without applying the retention of the original risk category as stipulated in Clause 1 Article 12 of this Decree. consistent Article 14. Credit Policy Encouraging Agricultural Production through Linkage Models

2.^[34] 1. Enterprises, cooperatives, and cooperative unions signing supply and sales contracts with individuals and organizations directly engaged in agricultural production may be considered for unsecured loans up to 70% of the value of the project or borrowing plan under the linkage model.

3.^[35] 2. Lead enterprises, cooperatives, and cooperative unions (hereinafter referred to collectively as lead organizations) signing to implement value chain projects in agricultural production with individuals and organizations directly engaged in agricultural production may be considered for unsecured loans up to 80% of the value of the project or business plan under the linkage model.

3. In cases where lead organizations implementing value chain linkages encounter risks due to objective and force majeure causes, the loan debts shall be handled as follows:

a) They may be retained in their original risk category according to Clause 1 Article 12 of this Decree, while new loans may be granted based on the feasibility of the project or business plan and the borrower's ability to repay, aiming to help borrowers overcome difficulties, stabilize production, and fulfill both old and new loan obligations to credit institutions;

b) Based on the proposal of provincial people's councils, the State Bank of Vietnam shall take the lead and coordinate with the Ministry of Finance to examine and submit to the Prime Minister for approval to allow credit institutions to write off interest-free debts for up to three years for lead organizations implementing value chain linkages, and the written-off debts shall remain in their original risk categories as classified before the write-off. The interest amount written off by credit institutions shall be covered by the state budget. Information provision (approximately Managing Linked Loan Funds in Agricultural Production

a) Managing linked loan funds along the value chain:

Based on the value chain linkage contract between the lead organization and the participating organizations or individuals (hereinafter referred to as the linked party), credit institutions shall enter into an agreement to lend to the lead organization and/or the linked party and manage the linked chain loan fund according to the following principles:^[36](i) The lead organization and the linked party shall open accounts at the lending credit institution and commit to conducting all monetary transactions related to the value chain through these accounts.

(ii) In cases where the lead organization temporarily advances production costs to the linked party: of the National Assembly; - The credit institution shall lend to the lead organization to pay for: the purchase of raw materials and services for temporary advance payments to the linked party; the purchase of products from the linked party after deducting the advance payment made by the lead organization; processing and marketing costs of the lead organization's products. II - Trade Fairs - The credit institution shall collect debts from the lead organization based on revenue from sales according to sales contracts signed with buyers and other legitimate sources of income.

c)^[37] (Repealed)

4.^[38] (iii) In cases where the lead organization does not temporarily advance production costs to the linked party:

- The credit institution shall lend to the linked party to pay for the purchase of raw materials and services for joint production.

- The credit institution shall collect debts from the linked party based on revenue from sales to the lead organization.

(i) The lead organization and associated parties shall open accounts at credit institutions for loans and commit to conducting all monetary transactions related to the value chain through these accounts.

(ii) In the case where the lead organization temporarily advances production costs to associated parties:

- The credit institution shall provide a loan to the lead organization to settle: the cost of purchasing raw materials and input services for the advance payment to associated parties; the cost of purchasing products from associated parties after deducting the advance payments made by the lead organization to associated parties; processing and consumption costs of the lead organization's products.

- The credit institution shall collect debts from the lead organization based on revenue from sales by the lead organization according to consumption contracts signed with consumers and other legitimate sources of income.

(iii) In the case where the lead organization does not temporarily advance production costs to associated parties:

- The credit institution shall provide a loan to associated parties to settle the cost of purchasing raw materials and input services for joint production.

- The credit institution shall collect debts from associated parties based on revenue from sales to the lead organization.

- Credit institutions shall provide loans to lead organizations for payment purposes: purchase price of products from associated parties; processing and consumption costs of products of lead organizations. The disbursement for lead organizations to pay the purchase price of products from associated parties shall be linked to the collection from the associated parties.

- Credit institutions shall collect debts from lead organizations based on revenue from sales according to consumption contracts signed by lead organizations with consumers and other legitimate sources of income.

b) Management of interlinked loan funds:

(i) In cases where the parties involved in the linkage only sign interlinkage contracts to implement one or more stages of the linkage chain as stipulated in Clause 6, Article 3 of this Decree, credit institutions shall enter into loan agreements with each party to carry out each stage of the linkage chain.

(ii) Credit institutions and the parties involved in the linkage shall agree specifically on the terms and repayment periods that are suitable for the actual time required for each stage of the linkage. Credit institutions shall act as intermediaries in payments between the parties involved in the linkage who have accounts at credit institutions based on the request of the parties involved in the linkage.

Article 15. Credit policy encouraging high-tech agricultural production

1.^[39] Customers with projects or business plans for high-tech agriculture in high-tech agricultural zones or regions shall be considered for unsecured loans up to a maximum of 70% of the value of the project or plan by credit institutions.

2. High-tech agricultural enterprises shall be considered for unsecured loans up to a maximum of 80% of the value of their high-tech agricultural production projects or business plans by credit institutions.

2a.^[40] Enterprises that have not been certified as high-tech agricultural enterprises but have projects or business plans for high-tech agricultural production outside high-tech agricultural zones or regions shall be considered for unsecured loans up to a maximum of 70% of the value of the project or plan by credit institutions.

3. In cases where high-tech agricultural enterprises face risks due to objective and force majeure factors, the loan debt shall be handled similarly to the case of lead organizations implementing linkages according to the value chain as stipulated in Clause 3, Article 14 of this Decree.

4.^[41] Credit institutions may accept assets formed from the loan capital of high-tech agricultural production projects or business plans and other assets as collateral for customer loans in accordance with the provisions of the law.

Article 15a. Credit policy encouraging organic and circular agriculture^[42]

1. Customers with projects or business plans for organic agricultural products in accordance with the law on organic agriculture or projects or business plans for agricultural products meeting the criteria for circular economy as stipulated by the law on circular economy shall be considered for unsecured loans up to a maximum of 70% of the value of the project or plan by credit institutions.

2. In cases where customers under Paragraph 1 of this Article face risks due to objective and force majeure factors, the loan debt shall be handled similarly to the case of lead organizations implementing linkages according to the value chain as stipulated in Paragraph 3, Article 14 of this Decree.

Article 16. Agricultural insurance for agricultural and rural lending

When customers participate in purchasing insurance for agricultural production objects formed from borrowed capital, they are entitled to a minimum interest rate reduction of 0.2% per year compared to the interest rates of similar loans with corresponding terms by credit institutions.

Chapter III. IMPLEMENTATION

Article 17. The State Bank of Vietnam

1. Guide credit institutions in providing loans for the agricultural and rural sectors according to the provisions of this Decree.

2. Implement support policies for credit institutions providing loans for the agricultural and rural sectors through the use of national monetary policy tools.

3. Develop policies to encourage credit institutions to expand their network (branches, transaction offices) to rural areas, especially remote, mountainous regions, and particularly difficult areas.

4. Take the lead and coordinate with the Ministry of Finance, of the National Assembly; and provincial people's committees in handling principal and interest debts of organizations and individuals who have suffered losses due to objective and force majeure causes as stipulated in Articles 12, 14, 15, and 15a.^[43] of this Decree.

Article 18. The Ministry of Agriculture and Rural Development^[44]

1. Take the lead in reviewing and supplementing the planning for the development of the agricultural sector and key agricultural products nationwide and in important regions. , ĐDirect and guide of the National Assembly; provincial people's committees in planning agriculture, developing crops and livestock in their respective areas.

2. Take the lead and coordinate with relevant ministries and agencies in implementing the restructuring plan for the agricultural sector, including policies to encourage the development of cooperative models, linkages, and high-tech applications in agricultural production. unit relevant in implementing the restructuring plan for the agricultural sector, including policies encouraging the development of cooperative models, linkages, and the application of advanced science and technology in agricultural production.

Coordinate with localities in carrying out agricultural extension work, forestry extension, fishery extension, and salt-making; advise the Government on issuing state policies supporting science and technology, seeds, and post-harvest preservation for agricultural product producers.

4. Guide the regulations regarding high-tech application agricultural zones and high-tech application agricultural areas benefiting from credit policies under this Decree.

5.^[45] Ministry of Agriculture and Environment^[46] Take the lead and coordinate with the Ministry of Science and Technology and other ministries and ministerial-level agencies to submit to the Prime Minister for the determination criteria for high-tech application projects and business plans in agriculture as stipulated in Clause 2a, Article 15 of this Decree.

6.^[47] Provide detailed guidance on the criteria for determining family farms as stipulated in Clause 4, Article 3 of this Decree.

7.^[48] Guide the determination of projects and business plans for organic agricultural products and projects and business plans for agricultural products meeting circular economy criteria as stipulated in Clause 1, Article 15a of this Decree.

Article 19. The Ministry of Finance

1.^[49] Take the lead and coordinate with the Ministry of Justice to provide guidance on not charging fees for the certification of mortgage contracts and registration fees for security transactions as stipulated in Clause 4, Article 9 of this Decree.

2. Advise the Government on implementing agricultural production insurance policies.

3. Coordinate with the State Bank of Vietnam, of the National Assembly; and provincial people's committees in handling principal and interest debts of organizations and individuals who have suffered losses due to objective and force majeure causes as stipulated in Articles 12, 14, 15, and 15a.^[50] of this Decree.

4.^[51] Take the lead and coordinate with the State Bank of Vietnam^[52] report to the Prime Minister for consideration and decision on supporting difficult localities with the amount of interest that credit institutions cannot collect due to debt moratoriums from the central government budget reserve mechanism to support local budgets in implementing current social welfare policies.

Article 20.^[53] (Repealed)

Article 21. The Ministry of Industry and Trade, the Ministry of Justice^[54]

1. The Ministry of Industry and Trade shall take the lead and coordinate with the Ministry of Agriculture and Environment^[55] and other relevant ministries and sectors to develop policies supporting the provision of market information, trade promotion, and the development of distribution systems in the consumption phase for agricultural products.

2. The Ministry of Justice shall coordinate with the Ministry of Finance to guide the non-collection of fees for notarization Information provision (approximately of collateral and registration of secured transactions as stipulated in Clause 4, Article 9 of this Decree.

3.^[56] (Repealed)

Article 22. of the National Assembly; people's committee of the province, central cities under the central government

1. Implement planning work for the development of agricultural products and rural infrastructure within the provincial area; provide support policies for farmers regarding science and technology, extension services for agriculture, forestry, fisheries, market information, and product marketing.

2.^[57] (Repealed)

3. Summarize, evaluate, and report to the Prime Minister, the Ministry of Finance, and the State Bank of Vietnam on the handling of risks due to objective and force majeure causes as specified in Articles 12, 14, 15, and 15a.^[58] of this Decree.

4. Take the lead in implementing the restructuring of the agricultural sector and building new rural areas according to the Government's directives; direct departments and agencies, of the National Assembly; lower-level people's committees in the implementation II - Trade Fairs of policies for lending to serve the agricultural restructuring program within their jurisdiction, especially policies for lending to linkage models and high-tech applications in agriculture.

5.^[59] Guide and direct all levels of People's Committees and Departments of Finance to cooperate in inspecting and confirming loan deferral application files as prescribed in this Decree.

6.^[60] Allocate local budget funds to implement the provision of interest subsidies for credit organizations that cannot collect due to loan deferrals as prescribed in this Decree and handle issues arising during the implementation process.

Article 23. Credit institutions

1. Develop clear, transparent, simple procedures for lending and create maximum conditions for customers to access credit capital.

2. Develop preferential policies for establishing branches and service points in rural areas, particularly remote and extremely difficult regions.

Coordinate closely with local authorities and political-social organizations to implement lending policies as prescribed in this Decree.

4.^[61] Use reserves to address risks associated with principal loans in accordance with the law.

Article 24. Borrowers

1. Provide complete and truthful information and documents related to borrowing and be responsible for the accuracy of the provided information and documents.

2. Use borrowed funds for the intended purpose and repay principal and interest as agreed with the credit institution.

3. Comply with relevant laws when borrowing from credit institutions.

Chapter IV. IMPLEMENTING PROVISIONS^[62],[63]

Article 25. Transitional Provisions

1. Loans made before this Decree takes effect shall continue to be implemented according to signed contracts.

2.^[64] In cases where multiple support policies from the state budget are concurrently available for borrowers affected by objective and force majeure causes, the borrower may choose to benefit from one such policy.

3. Cases eligible for financial support under Decree No. 41/2010/NĐ-CP dated April 12, 2010, of the Government on credit policies serving agricultural and rural development but not yet supported shall continue to be considered for support under this Decree.

Article 26. Effective date

This Decree shall take effect from July 25, 2015.

This Decree replaces Decree No. 41/2010/NĐ-CP dated April 12, 2010, of the Government on credit policies serving agricultural and rural development.

Article 27. Responsibility for Implementation

Ministers, Heads of ministerial-level agencies, Heads of government agencies, Chairmen of the National Assembly; people's committees of centrally governed cities and provinces and related organizations and individuals are responsible for implementing this Decree./.

ANNEX^[65]

(Attached to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government)

NAME OF CREDIT INSTITUTION BRANCH, PEOPLE'S CREDIT FUND
--------

Form No. 01

LIST OF CUSTOMERS REQUESTING DEBT DEFERRAL

Unit of measurement: Vietnamese dong (foreign currency converted to Vietnamese dong)

PROVINCE PEOPLE'S COMMITTEE...
            --------

Form No. 02

LIST OF CUSTOMERS REQUESTING DEBT DEFERRAL

Unit of measurement: Vietnamese dong (foreign currency converted to Vietnamese dong)

Place of Receipt:
- Ministry of Finance;
- State Bank of Vietnam.

NAME OF CREDIT INSTITUTION...
               --------

 Form No. 03

LIST OF CUSTOMERS REQUESTING DEBT DEFERRAL

Unit of measurement: Vietnamese dong (foreign currency converted to Vietnamese dong)

Place of Receipt:
- Ministry of Finance;
- State Bank of Vietnam.

^{_________________________________________}

^[1] Decree No. 116/2018/NĐ-CP amending and supplementing some articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015, of the Government on credit policies serving agricultural and rural development is based on the following grounds:

“Pursuant to the Law on Government Organization dated June 19, 2015;

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

On the basis of the Law on Credit Institutions dated June 16, 2010, and the Law Amending and Supplementing Some Provisions of the Law on Credit Institutions dated November 20, 2017;

At the proposal of the Governor of the State Bank of Vietnam;

The Government promulgates the Decree amending and supplementing some articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015, of the Government on credit policies serving agricultural and rural development."

^[2] Decree No. 156/2025/NĐ-CP amending and supplementing some articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015, of the Government on credit policies serving agricultural and rural development has been amended and supplemented some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018, of the Government, based on the following grounds:

“Pursuant to the Government Organization Law on February 18, 2025;

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated January 18, 2024;

At the proposal of the Governor of the State Bank of Vietnam;

The Government issues this Decree to amend and supplement some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government.

^[3] This Clause was amended according to Clause 1, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[4] This Clause was added according to Clause 1, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[5] This Clause was added according to Clause 1, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[6] This Clause was amended according to Clause 2, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[7] This Clause was amended according to Clause 2, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[8] This Clause was added according to Clause 2, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[9] This Clause was added according to Clause 3, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[10] This Clause was added according to Clause 3, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[11] This Clause was added according to Clause 3, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[12] The phrase "Article 9, 14 and 15" shall be replaced with the phrase "Article 9, Article 14, Article 15 and Article 15a" according to Point a, Clause 1, Article 2 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[13] This Clause was added according to Clause 4, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[14] This Clause was added according to Clause 5, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[15] This Clause was repealed according to Clause 2, Article 2 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[16] This Clause was amended according to Clause 6, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[17] This Clause was amended according to Clause 7, Article 1 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[18] This Clause was amended according to Clause 4, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[19] This Clause was added according to Clause 5, Article 1 of Decree No. 116/2018/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which took effect from October 25, 2018.

^[20] The name of this Article has been amended pursuant to Clause 8, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[21] This Clause has been amended pursuant to Clause 9, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[22] This Clause has been amended pursuant to Clause 6, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, and shall take effect from October 25, 2018.

^[23] The phrase "Clause 3, Article 14 and Clause 3, Article 15" has been replaced with the phrase "Clause 3, Article 14, Clause 3, Article 15 and Clause 2, Article 15a" pursuant to Point d, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[24] The phrase "write off non-interest-bearing debt for loss-bearing debt" has been replaced with the phrase "write off non-interest-bearing debt for the amount of loss-bearing debt of customers from the time of occurrence of the loss" pursuant to Point b, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[25] The phrase "Clause 3, Article 14 and Clause 3, Article 15" has been replaced with the phrase "Clause 3, Article 14, Clause 3, Article 15 and Clause 2, Article 15a" pursuant to Point d, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[26] The phrase ", Ministry of Planning and Investment" has been repealed pursuant to Point i, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[27] This Clause has been added pursuant to Clause 6, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, and shall take effect from October 25, 2018.

^[28] This Point has been amended pursuant to Clause 10, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[29] The phrase "State Bank branch at provincial level and centrally governed city" has been replaced with the phrase "State Bank branch in Areas" pursuant to Point c, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[30] The phrase "State Bank branch at provincial level and centrally governed city" has been replaced with the phrase "State Bank branch in Areas" pursuant to Point c, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[31] This Clause has been added pursuant to Clause 6, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, and shall take effect from October 25, 2018.

^[32] The phrase "Clause 3, Article 14 and Clause 3, Article 15" has been replaced with the phrase "Clause 3, Article 14, Clause 3, Article 15 and Clause 2, Article 15a" pursuant to Point d, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[33] The phrase "Clause 2, Article 9, Article 14 and Article 15" has been replaced with the phrase "Clause 2, Article 9, Article 14, Article 15 and Article 15a" pursuant to Point đ, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[34] This Clause has been amended pursuant to Clause 11, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[35] This Clause has been amended pursuant to Clause 11, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[36] The phrase "restructure repayment period and maintain the same loan classification" has been replaced with the phrase "maintain the same loan classification as provided for in Clause 1, Article 12 of this Decree" pursuant to Point e, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[37] This Point has been repealed pursuant to Article 2 of Decree No. 116/2018/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, and shall take effect from October 25, 2018.

^[38] This Clause has been added pursuant to Clause 7, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, and shall take effect from October 25, 2018.

^[39] This clause was amended pursuant to Clause 8, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[40] This clause was added pursuant to Clause 8, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[41] This clause was added pursuant to Clause 8, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

[42] This provision was added pursuant to Clause 12, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[43] The phrase "Article 12, 14 and 15" shall be replaced with the phrase "Article 12, Article 14, Article 15 and Article 15a" pursuant to Point g, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[44] The phrase "Ministry of Agriculture and Rural Development" shall be replaced with the phrase "Ministry of Agriculture and Environment" pursuant to Point h, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[45] This clause was added pursuant to Clause 9, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[46] The phrase "Ministry of Agriculture and Rural Development" shall be replaced with the phrase "Ministry of Agriculture and Environment" pursuant to Point h, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[47] This clause was added pursuant to Clause 9, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[48] This clause was added pursuant to Clause 13, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[49] This clause was amended pursuant to Clause 10, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[50] The phrase "Article 12, 14 and 15" shall be replaced with the phrase "Article 12, Article 14, Article 15 and Article 15a" pursuant to Point g, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[51] This clause was amended pursuant to Clause 10, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which took effect from October 25, 2018.

^[52] The phrase ", Ministry of Planning and Investment" has been repealed pursuant to Point i, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[53] This provision is repealed pursuant to Clause 2, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[54] The name of this provision is amended pursuant to Clause 14, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[55] The phrase "Ministry of Agriculture and Rural Development" shall be replaced with the phrase "Ministry of Agriculture and Environment" pursuant to Point h, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[56] This Clause was repealed according to Clause 2, Article 2 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[57] This Clause was repealed according to Clause 2, Article 2 of Decree No. 156/2025/ND-CP amending and supplementing some Articles of Decree No. 55/2015/ND-CP dated June 9, 2015, of the Government on credit policies for rural and agricultural development, which has been amended and supplemented by some Articles pursuant to Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government, which took effect from July 1, 2025.

^[58] The phrase "Article 12, 14 and 15" shall be replaced with the phrase "Article 12, Article 14, Article 15 and Article 15a" pursuant to Point g, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some articles according to Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and which took effect from July 1, 2025.

^[59] This clause is added pursuant to Clause 12, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, and shall take effect from October 25, 2018.

^[60] This clause is added pursuant to Clause 12, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, and shall take effect from October 25, 2018.

^[61] This clause is added pursuant to Clause 13, Article 1 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, and shall take effect from October 25, 2018.

^[62] Articles 3 and 4 of Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which shall take effect from October 25, 2018, are stipulated as follows:

“Article 3. Transitional Provisions

Credit institutions and customers continue to implement the contents in credit contracts already signed in accordance with the provisions of the law at the time of signing the contract or amend and supplement credit contracts in accordance with the provisions of this Decree.

Article 4. Implementation provisions

1. This Decree takes effect from October 25, 2018.

2. Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairpersons of People's Committees of provinces and centrally-run cities, and relevant organizations and individuals are responsible for implementing this Decree./”

^[63] Articles 3 and 4 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025, are stipulated as follows:

“Article 3. Transitional Provisions

Credit institutions and customers continue to implement the contents in contracts and agreements already signed in accordance with the provisions of the law at the time of signing or amend and supplement contracts and agreements in accordance with the provisions of this Decree.

Article 4. Effective date

This Decree takes effect from July 1, 2025.”

^[64] This clause is amended pursuant to Clause 15, Article 1 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[65] This annex is attached to Decree No. 116/2018/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, and shall take effect from October 25, 2018.

 [66] The phrase "districts, counties, towns" is replaced by the phrase "communes, special zones" pursuant to Point k, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[67] The phrase "districts, counties, towns" is replaced by the phrase "communes, special zones" pursuant to Point k, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain articles of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for rural development, which has been amended and supplemented by certain articles under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.

^[68] The phrase "State Bank branch at provincial level and centrally governed city" has been replaced with the phrase "State Bank branch in Areas" pursuant to Point c, Clause 1, Article 2 of Decree No. 156/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 55/2015/NĐ-CP dated June 9, 2015 of the Government on credit policies for agricultural and rural development, which has been amended and supplemented by some provisions under Decree No. 116/2018/NĐ-CP dated September 7, 2018 of the Government, and shall take effect from July 1, 2025.