On Oct. 3, 2025, VIE CB issued press release re issuance of Guidelines for credit institutions and foreign bank branches on lending to the agriculture and rural sectors.
Document dated Oct. 3, 2025, received from VIE CB Oct. 14, summarized Oct. 17.
On Aug. 25, VIE CB drafted circular re agricultural, rural credit policies.
VIE CB issued draft circular guiding the implementation of Dec 55/2015/ND-CP on credit policies for agricultural and rural development, last amended in Jun. 2025.
Offers guidance on restructuring debt repayment terms for customers facing difficulties due to objective reasons, force majeure, debt grace period, debt forgiveness, maximum deduction rate for secured assets as prescribed in Dec 55/2015/ND-CP.
Applies to credit institutions and foreign bank branches which provide loans for agricultural and rural development, and borrowers as prescribed in the decree.
If a customer is facing difficulties, the credit institution shall restructure debt repayment terms based on the customer's request.
The credit institution shall classify the debt and set up risk provisions for the debt restructured in terms of repayment in accordance with this circular.
For loans whose repayment period is restructured but still classified as performing (group 1) under Dec 156/2025/ND-CP, credit institutions shall not recognize accrued interest as income; instead, they shall monitor it off-balance sheet for collection.
For loans used to plant/care for/replant perennial crops, credit institutions and borrowers shall agree on a grace period for both principal and interest.
Credit institutions shall state the purpose of lending for agricultural/rural development in a loan agreement, and monitor loan records for the agricultural and rural sectors.
Conduct internal inspection and control to prevent debt repayment period restructuring for personal gains, and submit reports to VIE CB on outstanding credit balances in the sectors and on the implementation of debt rescheduling on a quarterly basis.
VIE CB units will monitor reports from credit institutions, encourage them to open branches in rural areas, conduct inspections, and supervise the implementation.
Consultation End
The comment period for this consultation has not been mentioned.
Aug. 2025 Public Comments
On Aug. 29, 2025, VIE CB published a summary of the public comments it received.
Sep. 2025 Finalized Circular
On Sep. 30, 2025, VIE CB published the finalized circular 29/2025/TT-NHNN, which will be effective from Nov. 15, 2025.
Document dated Sep. 30, 2025, received from VIE CB Oct. 13, summarized Oct. 15.
Oct. 2025 Press Release
On Oct. 3, 2025, VIE CB issued press release re issuance of Guidelines for credit institutions and foreign bank branches on lending to the agriculture and rural sectors.
Document dated Oct. 3, 2025, received from VIE CB Oct. 14, summarized Oct. 17.
Regulators
VIE CB
Entity Types
Bank; CU
Reference
PR 10/3/2025; Cir 29/2025/TT-NHNN, 9/30/2025; FS, Rsp 8/29/2025; PR CP 8/25/2025; Dec 156/2025/ND-CP, 6/16/2025; Dec 116/2018/ND-CP, 9/7/2018; Dec 55/2015/ND-CP, 6/9/2015; Rpl Cir 10/2015/TT-NHNN, Cir 25/2018/TT-NHNN
