Consolidated Document 38/VBHN-NHNN: Guidelines for Production Forest Planting and Livestock Development Loans
RegHub explainer by New MarketerLast updated:
This explanation was generated by AI and checked by an automated AI review, not by a human expert. It is not legal, tax or accounting advice and may contain errors. Check the official document before you rely on it.
This consolidated document integrates Circular 27/2015/TT-NHNN with amendments from Circular 85/2025/TT-NHNN, providing guidelines for unsecured lending to households for production forest planting (timber and non-timber forest products) and livestock development under Decree 75/2015/ND-CP on forest protection and development linked to poverty reduction for 2015-2020. The policy operates through two banks: Vietnam Bank for Social Policies and Vietnam Bank for Agriculture and Rural Development. The preferential interest rate is 1.2% per year. Loan contracts were signed until 31 December 2020, and existing agreements remain valid until expiry. Circular 85/2025/TT-NHNN (effective 31 December 2025) abolished Article 8 and attached forms, and updated the State Bank's implementation responsibilities to reflect its new organizational structure.
Scope and Applicability
Eligible borrowers: Households under Decree 75/2015/ND-CP engaged in:
- Production forest planting (timber and non-timber forest products on state-allocated forest development land)
- Livestock development
Lending banks:
- Vietnam Bank for Social Policies (under Decree 78/2002/ND-CP)
- Vietnam Bank for Agriculture and Rural Development (under Decree 55/2015/ND-CP)
Lending Conditions
- Loans made without collateral under clauses 1 and 2 of Article 8, Decree 75/2015/ND-CP
- Households may only borrow from one of the two banks
- Must comply with provincial People's Committee guidance on eligible plant and livestock species for local conditions
Currency and Interest Rate
- Currency: Vietnamese Dong (VND)
- Interest rate: 1.2% per year
Rejection Procedure
If a loan is rejected: within 10 working days of receiving a complete application, the bank must notify the household in writing with clear reasons.
Loan Term
Loan contracts were signed until 31 December 2020. Signed contracts continue to be executed until expiry.
Amendments Under Circular 85/2025/TT-NHNN
- Article 8 and Forms 01 and 02 are abolished
- Article 10 (SBV responsibilities) and Article 11, clause 4 updated for new organizational structure
- Effective 31 December 2025
Legal basis: Circular 27/2015/TT-NHNN dated 15/12/2015; Decree 75/2015/ND-CP dated 09/9/2015; Circular 85/2025/TT-NHNN dated 31/12/2025. Consolidated document 38/VBHN-NHNN dated 23/01/2026.