Vietnamese
Decision No. 29/2025/QD-TTg on credit policies for pupils, students, master’s students, and doctoral candidates in science, technology, engineering, and mathematics (STEM) fields was promulgated on August 28, 2025.
Conditions and purposes of loans under Decision No. 29/2025/QD-TTg are as follows:
Pupils and students must graduate from upper secondary school and achieve academic results as prescribed. Master’s students and doctoral candidates must be recognized by higher education institutions.
Loan proceeds shall be used to cover tuition fees, living expenses and other study-related expenses.
Loan methods and loan limits:
The Vietnam Bank for Social Policies shall provide loans through households or directly to learners in special cases. The maximum loan amount covers all tuition fees and up to VND 5 million per month for living expenses and other study-related expenses.
Loan interest rates and loan terms:
The loan interest rate is 4.8% per annum, with overdue debts subject to 130% of the loan interest rate. The loan term includes the disbursement period and repayment period, with early repayment permitted without penalty.
Decision No. 29/2025/QD-TTg also provides for debt rescheduling and security for loan repayment obligations.
Accordingly, borrowers may be granted a debt extension of up to one-half of the repayment term if there are legitimate reasons. Loans up to VND 500 million require no collateral, but loans exceeding VND 500 million must be secured by assets.
