Since September 6, storm No. 3 (Yagi) has caused serious damage to people and property, affecting people's lives and production.
In order to promptly support customers to overcome difficulties and restore production and business, the State Bank of Vietnam (SBV) requires credit institutions, foreign bank branches (FCBs) and SBV branches in the following provinces and cities: Quang Ninh, Hai Phong, Thai Binh, Nam Dinh, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Lang Son, Cao Bang, Bac Kan, Thai Nguyen, Ha Giang, Lao Cai, Yen Bai, Tuyen Quang, Phu Tho, Vinh Phuc, Dien Bien, Lai Chau, Son La, Hoa Binh, Hanoi, Ha Nam, Hung Yen, Hai Duong, Bac Ninh, Bac Giang to immediately implement a number of solutions to support customers affected by storm No. 3.
The State Bank of Vietnam requires credit institutions to direct their branches and transaction offices to proactively review and summarize the losses of customers who are borrowing capital to promptly apply support measures and remove difficulties for customers such as restructuring debt repayment terms, considering interest rate exemptions and reductions, and continuing to provide new loans to restore production and business after the storm according to current regulations.
Carry out debt settlement for customers suffering loan losses according to the provisions of Decree 55/2015/ND-CP dated June 9, 2015 and Decree 116/2018/ND-CP dated September 7, 2018 of the Government on credit policies for agricultural and rural development, Circular 10/2015/TT-NHNN dated July 22, 2015 and Circular 25/2018/TT-NHNN dated October 24, 2018 of the State Bank guiding the implementation of some contents of Decree No. 55/2015/ND-CP; Decision 50/2010/QD-TTg dated July 28, 2010 and Decision 08/2021/QD-TTg dated May 11, 2021 of the Prime Minister on promulgating the mechanism for handling risky debts at the Vietnam Bank for Social Policies.
The State Bank also requested credit institutions to carry out social security work for families suffering loss of life and property, in areas heavily affected by this storm.
For the State Bank branches in provinces and cities, the State Bank requires the focal units to direct credit institutions in the area to urgently deploy customer support to help overcome the damage caused by storm No. 3.
Coordinate with local departments, agencies and branches to advise the Provincial and City People's Committees on solutions to support people affected by damage and areas affected by storm No. 3.
Report to the State Bank on the assessment of customer loan losses and initial results of implementing support solutions of the banking sector in the area before September 20.
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