Banks raise deposit interest rates
In need of raising medium and long term capital, which serves business activities at the end of the year and reduction in the ratio ...
Franchise explosion in Vietnam
Franchise has facilitated many foreign brands to break into Vietnam. In addition to franchise industry for food, beverage or education, franchising in goods retail industry...
6 leading economic sectors in Central region
There are 6 coastal and marine economic sectors mainly developed in the Central region, which creating positives results ...
91.9% companies are optimistic about production activities in the last 6 months this year
FDI companies sector is witnessed a positive production volume, 91.1% of which are expected to increase or remain their volume ...
CPTPP makes shift of Vietnam from deficit to surplus
Most signed free trade agreements (FTA) have reflected that Vietnam always run deficit trend ...
- 09 / 06 / 2018 -
Measures to support credit institutions to provide loans for agricultural and rural development

On May 29, 2018, the State Bank issued Circular No.14/2018/TT-NHNN guiding the implementation of several measures of the monetary policy management in order to support the credit institutions, the foreign bank branches to provide loans for agricultural and rural development. This Circular took effect since July 13, 2018.
Accordingly, Circular No.14/2018/TT-NHNN stipulates measures to support credit institutions to provide loans for agricultural and rural development as follows:
1. Credit institutions that provide loans for agricultural and rural development will receive refinancing support in line with applicable regulations on refinancing credit institutions.
2. Those credit institutions will receive support in terms of reserve requirement ratios, particularly:
– Lower reserve requirement ratios applied to the deposits in Vietnamdong as compared to the reserve requirements regulated by the State Bank in relation to each category of credit institutions in different periods:
– For credit institutions with the average credit ratios for agricultural and rural areas of 40% or higher, but without the need to apply the reserve requirement ratio support, the regulations of reserve requirements in this Circular should not apply.
With clear and specific regulations, Circular No.14/2018 / TT-NHNN has created favorable conditions for credit institutions to well implement the policies of the Party and the State, thereby supporting the development of agriculture, ensuring the livelihood of farmers.