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Students

Government Initiative for Student Loans in Vietnam

Strategic Insights

— 1 min read

The Vietnamese government, under the leadership of Deputy Prime Minister Ho Duc Phoc, has introduced a significant initiative to support students pursuing education in science, technology, engineering, and math (STEM) fields. The initiative, outlined in Decision 29/2025/QD-TTG dated August 28, 2025, aims to provide financial assistance to students, making it easier for them to pursue higher education.

Key Takeaways:

  • The initiative provides loans of up to VND 500 million (approximately USD 21,500) per student, with no collateral or guarantee required.
  • Students must meet certain conditions, including having a high school graduation score of 8 points or more in Mathematics, Physics, Chemistry, and Biology, or achieving the average score of 8 points or more in the previous year.
  • The loan can be used for tuition fees, living expenses, and other study-related costs.
  • The interest rate for overdue debt is 130% of the interest rate when lending.
  • Customers who borrow more than VND 500 million per learner must ensure the performance of loan payment obligations using assets in accordance with the law.
  • The Social Policy Bank will recover loans in case of improper use and may extend the debt term, depending on the situation.

Statistics:

  • Maximum loan capital per learner: VND 500 million (approximately USD 21,500)
  • Maximum loan disbursement terms: Prescribed by the Social Policy Bank or agreed with customers
  • Overdue debt interest rate: 130% of the interest rate when lending
  • Loan repayment term: Decided by the Social Policy Bank, maximum equal to the loan disbursement deadline minus the time when the study is allowed to leave school temporarily and reserve learning results (if any)
  • Maximum debt extension term: 1/2 of the debt repayment term specified in Clause 4, Article 10

Sources:

  • Decision 29/2025/QD -TTg dated August 28, 2025 of the Prime Minister on credit for students, students, masters, biological research in science, technology, engineering and math. (Source: Contify.com)
  • (Note: The original text does not provide additional sources, so only the one mentioned above is listed.)

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