Vietnam’s youth loan program expands STEM support
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The State Policy Bank of Vietnam will now offer full tuition coverage plus 5 million dong monthly to students in science, technology, engineering, and mathematics (STEM) fields.
Representatives from the bank shared this new policy during a training session for members of the Ho Chi Minh Communist Youth Union in Hanoi. Previously, student loans generally capped at 4 million dong per month.
This change aims to better support the educational and research needs of STEM students, who are seen as vital to Vietnam’s economic growth. The new loan program stems from Decision 29/2025/QD-TTg issued by the Vietnamese Prime Minister regarding credit for students in scientific and technological fields. As of August 31, the total outstanding loan balance managed by the Youth Union exceeded 3.278 trillion dong, representing 4.65% of all entrusted loan packages.
Nguyen Kim Quy, Secretary of the Central Youth Union and Chairman of the Vietnam Youth Federation, stated that access to preferential loans helps millions of young people and their families with education, employment, and business ventures. The Youth Union currently manages 26,145 savings and loan groups with over 1 million members and a total balance of 3.367 trillion dong. Overall, the Youth Union manages more than 70 trillion dong in entrusted loan capital.
