More credit policies to encourage organic and circular agriculture

In particular, Decree No. 156/2025/ND-CP supplements Article 15a. Credit policy to encourage organic and circular agriculture to Decree No. 55/2015/ND-CP:

1- Customers with projects and plans for production and business of organic agricultural products in accordance with the provisions of the law on organic agriculture or projects and plans for production and business of agricultural products that meet the criteria for circular economy in accordance with the provisions of the law on circular economy shall be considered by credit institutions for loans without collateral up to 70% of the value of the project or plan.

2- In case the customer in Clause 1 above encounters risks due to objective or force majeure reasons, the loan debt shall be handled as in the case of a focal organization implementing linkages according to the value chain as prescribed in Clause 3, Article 14 of Decree No. 55/2015/ND-CP.

Amending the loan guarantee mechanism

In addition, Decree No. 156/2025/ND-CP amending Clause 2, Article 9 of Decree No. 55/2015/ND-CP has been amended in Clause 3, Article 1 of Decree No. 116/2018/ND-CP:

Specifically, individuals, households, cooperatives, business households, farm owners, cooperatives, and cooperative unions are considered by credit institutions for loans without collateral at the following levels:

a - Maximum VND 300 million for individuals and households.

b- Maximum VND 500 million for cooperatives and business households.

c- Maximum VND 3 billion for farm owners.

d- Maximum VND 5 billion for cooperatives and cooperative unions.

Amending regulations on debt restructuring and new loans

In addition, Decree No. 156/2025/ND-CP also amends Clause 1, Article 12 on debt restructuring and new loans of Decree No. 55/2015/ND-CP:

Accordingly, credit institutions are allowed to maintain the debt group for debts with principal and interest balances that have been restructured in terms of repayment terms according to the regulations of the State Bank of Vietnam on credit institutions restructuring debt repayment terms for customers facing difficulties due to objective reasons and force majeure as prescribed in this Decree; at the same time, based on the feasibility of the project, production and business plan, and the customer's ability to repay, consider granting new loans to help customers overcome difficulties, stabilize production, and repay old and new debts to credit institutions.

This Decree takes effect from July 1, 2025.