The minimum lending interest rate of Hai Duong Development Investment Fund is 5%/year.

Concluding this content, Comrade Luu Van Ban, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee emphasized that the fund is financially autonomous, not for profit, preserves and develops capital; operates independently from the state budget. The minimum lending interest rate of the Development Investment Fund is determined according to the principle of not being lower than the average mobilization interest rate of mobilized capital sources, taking into account the opportunity cost of equity capital, ensuring compensation for management costs, costs of setting up loan risk provisions and other costs related to lending activities. Currently, people's idle money continues to flow into banks even though interest rates are continuously decreasing, and the demand for loans is not high. The Permanent Vice Chairman of the Provincial People's Committee agreed that the minimum lending interest rate of the Hai Duong Development Investment Fund is 5%/year.

According to the Director of Hai Duong Development Investment Fund, in order to support enterprises to recover and develop production and business, especially enterprises that have invested in projects in priority socio-economic development areas of the province; through reviewing and comparing deposit interest rates at state-owned commercial banks, it is proposed to apply the fund's minimum lending interest rate of 5%/year.

Previously, from March 31, 2023, Hai Duong Development Investment Fund applied a minimum loan interest rate of 5.85%/year.

Hai Duong Development Investment Fund was established under Decision No. 6163/2005/QD-UBND dated December 20, 2005 of the Provincial People's Committee. Projects that receive loans from the fund are in the list of economic and social infrastructure investment fields, including projects on healthcare, education, social housing, public transport, clean water, waste treatment, etc. In addition to the main activities of lending and investing, the fund has done a good job of managing and recovering capital for the Rural Energy Project 2 (REII); the Red River Delta Rural Clean Water and Sanitation Project; managing the capital contribution of the Provincial People's Committee participating in the joint venture at Phuc Son Cement Company, etc. In 2021, the fund was entrusted to manage and use operating capital, perform the tasks of the Hai Duong Provincial Land Development Fund and other tasks assigned by the Provincial People's Committee.