VND16.8 trillion in credit extended to Market Stabilization Program
Ho Chi Minh City has extended VND16.8 trillion in loans to 31 businesses under its Market Stabilization Program since early 2026, helping reduce operating costs and maintain stable commodity prices.
In the first half of 2026, Ho Chi Minh City has provided VND16.8 trillion in loans to 31 businesses through its Market Stabilization Program. This financial assistance has been instrumental in helping these enterprises reduce operational expenses and maintain consistent commodity prices. Deputy Director Nguyen Duc Lenh of the State Bank of Vietnam's Regional Branch 2 disclosed that the total lending under the program has reached VND16.8 trillion (approximately US$654 million) as of November 3. The outstanding loan amount amounts to VND7.766 trillion.
The interest rates for these loans vary; short-term rates for participating businesses hover between 6.5 percent and 8 percent annually, while long-term rates are around 8.8 percent to 9.8 percent per year. This preferential credit serves to alleviate costs and provide businesses with the necessary working capital for their production, supply, and distribution operations, thereby enabling them to sustain stable and reasonable selling prices.
As the year progresses, the banking sector in Ho Chi Minh City will continue to enhance connectivity between banks and businesses. In collaboration with the municipal Department of Industry and Trade, efforts will focus on stimulating consumer demand and aligning supply with demand. These initiatives are aimed at further supporting businesses, optimizing the effectiveness of the Market Stabilization Program, and maintaining stable commodity prices.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
