Speaking at the meeting, Deputy Governor Dao Minh Tu shared that in order to help the people and enterprises overcome the difficulties caused by Typhoon Yagi, on September 9, 2024, the SBV had immediately directed the credit institutions and the foreign bank branches to proactively review, collect and consolidate information about the damage and losses suffered by their borrowers to promptly apply support measures, helping the borrowers to overcome their difficulties.
Those measures include rescheduling of the debt payment, reducing the lending interest rates, providing new loans for production and business recovery in accordance with the applicable laws and regulations. Moreover, the entire banking sector had proactively participated in the disaster relief efforts, and had made a donation worth over VND 38.4 billion to help those people affected by the typhoon.
Deputy Governor Dao Minh Tu speaks at the meeting
In addition, the SBV Deputy Governor also requested the credit institutions to review the damage and losses with objectivity and transparency, and classify the affected borrowers to develop appropriate support programs on the basis of the capacity and capabilities of each credit institution with a perspective of urgency and highest responsibility, focusing on the policies to extend or postpone debt payment, reduce the interest rates for the existing loans affected by the typhoon and new loans; continue to coordinate with the relevant Ministries, agencies, local authorities and the SBV to join hands in helping their customers overcome the damage and losses caused by Typhoon Yagi.
