Vietnam extends supply chain finance program to 2030 to support SMEs

The second phase will focus on assisting Vietnam’s regulatory agencies.

Vietnam will continue to implement the second phase of the Supply Chain Finance Program through 2030 following the success of the first phase, its central bank announced.

Phase 1 of the Supply Chain Financial Program, implemented from 2019 to 2024, reportedly achieved positive results in improving the competitiveness of the access to finance of micro, small, and medium enterprises (MSMEs) within the supply chains.

The second phase is expected to focus on assisting the regulatory agencies such as the State Bank of Vietnam (SBV), the Ministry of Justice, the Supreme People's Court, and other relevant agencies.

“Additionally, it would strengthen the capacity of supply chain financing for banks, providers of platforms for supply chain finance transactions, businesses, suppliers, and other stakeholders. The program also aims to foster the development of the financing for green supply chains to enhance the competitiveness of the domestic SMEs,” the SBV said

SBV Deputy Governor Nguyen Ngoc Canh said that they will continue to coordinate with the International Finance Corporation (IFC) and the Swiss State Secretariat for Economic Affairs (SECO) to review and amend the regulations to create a more favorable environment for supply chain finance.

“This includes revising the regulations on lending through the digital financing platforms and encouraging the credit institutions to diversify their financial products to enhance the access to credit of SMEs,” said Nguyen, speaking at a March 2025 signing ceremony of the cooperation agreement between the IFC and SECO where they agree to promote the development of Vietnam’s supply chain finance market to support SMEs.

“Additionally, we hope that the IFC and SECO will continue to work closely with the SBV to mobilize resources and implement practical, feasible initiatives to further develop Vietnam’s supply chain finance market in the coming years,” he added.

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State Bank of Vietnam

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