Vietnam to provide student loans up to 8 million VND monthly

Starting January 1, 2027, Vietnamese students facing difficult circumstances will be eligible for monthly loans of up to 8 million VND to cover tuition and living expenses. This policy, established by Decision No. 50/2026/QD-TTg signed by Deputy Prime Minister Nguyen Van Thang, aims to reduce financial pressure on learners during their studies.

Eligible recipients include Vietnamese citizens studying at universities, vocational schools, or other higher education institutions within the national education system. Specific qualifying groups include orphans, students from poor or near-poor households, and those whose families face sudden financial hardship due to accidents, illness, natural disasters, or epidemics.

The Vietnam Bank for Social Policies will manage the loans through households. In cases where no household member is over 18 or capable of legal transactions, the student may apply directly. Interest rates will match those provided to poor households, and borrowers will not be required to provide collateral. Loans cover costs such as tuition, books, equipment, accommodation, and travel.