After a period of implementation, VietinBank's credit package specifically for those affected by Typhoon Yagi (Typhoon No. 3) has supported thousands of corporate and individual customers with more than 18,000 loans, with outstanding credit balances of more than VND 35,000 billion. VietinBank continues to demonstrate its pioneering role in effectively implementing Resolution No. 143/NQ-CP of the Government on tasks and solutions to overcome the consequences of Typhoon No. 3.
Timely capital support to help customers recover and develop the economy
After many years of sticking to the sea and choosing grouper farming as a livelihood, Mr. Lay Van Dan's business in Van Don, Quang Ninh witnessed the severe devastation of Typhoon Yagi for the first time. Before the storm, Mr. Dan's family owned 290 fish rafts with about 150 tons of fish, estimated to be worth up to 30 billion VND. Recalling the time when the storm hit, Mr. Dan emotionally shared: "When the storm hit, 100 of my family's rafts were sunk and drifted away by the waves, about 50 tons of fish died, with an estimated total loss of 13 billion VND. Difficulties piled up when after the storm, the selling price of grouper dropped sharply to only 90,000 to 100,000 VND/kg - half of what it was before, leading to difficulty in liquidating inventory, affecting working capital and business operations."
Not only promptly visiting and understanding the difficulties of customers, VietinBank Dong Quang Ninh also consulted and supported solutions for Mr. Dan's aquaculture household through a loan package with a 2% interest rate reduction, increasing the loan limit from 8 billion to 10 billion VND. This has helped Mr. Dan supplement capital for business. Expressing his gratitude for VietinBank's timely support, Mr. Dan said: "During the difficult and confusing time, we were visited, encouraged and given an effective support plan by VietinBank to help supplement capital to import fish feed (fish bran + bait fish ), continuing to maintain business activities. Up to now, the basic price has basically stabilized (220,000 VND/kg of fish). It is expected that during the recent Lunar New Year, my family will sell about 10 tons, earning 2 billion VND. This achievement is thanks to the great efforts of VietinBank".
Mr. Lay Van Dan's fish cage (Va Giap Soi Nhu area, Ha Long commune, Van Don district, Quang Ninh) damaged by the storm (left) and after being completely repaired (right)
Owning 20 hectares of oyster farming, Mr. Tran Van Thien's family (Van Don, Quang Ninh) was also heavily affected by storm Yagi. Recalling that period of crisis, Mr. Thien could not hide his emotions: "My family lost everything. The total damage to both property and rafts with products ready to be harvested is estimated at over 5 billion VND."
Mr. Tran Van Thien - Customer supported by VietinBank to recover after storm Yagi - Source: VTV
The timely presence of VietinBank was like a "lifesaver" for Mr. Thien's family at that time. "My family was very lucky to receive advice and support from staff at VietinBank Dong Quang Ninh and VietinBank Van Don to overcome the consequences of the storm. I was able to borrow 1.5 billion VND from VietinBank under the preferential economic recovery support program after the storm. VietinBank's procedures were very quick. Although the damage was extremely severe, the support of VietinBank was a support for both me and the people in the area to feel secure in developing production and recovering the economy," Mr. Thien added.
VietinBank staff wholeheartedly support Mr. Tran Van Thien to get preferential loans - Source: VTV
Mr. Thien's oyster farming area has been restored and has a spacious appearance - Source: VTV
A solid support for customers
Similar to Mr. Lay Van Dan, Mr. Tran Van Thien, the industrial wood and construction materials business of Mr. Nguyen The Hung in Cao Xanh ward, Ha Long, Quang Ninh also suffered serious damage from storm Yagi and was promptly supported by VietinBank Quang Ninh. Mr. Hung said: "The storm swept through, causing my family's large warehouse to have its roof blown off, goods damaged, and estimated damage of up to 5 billion VND . Immediately afterwards, a representative of VietinBank went directly to my family's business to grasp the situation and help my family overcome the consequences of the storm. VietinBank promptly disbursed 16.5 billion VND with a low interest rate of only 4.7%". Thanks to that, Mr. Hung 's business repaired the entire warehouse to gather newly imported goods, ready for effective business operations. By the end of November 2024, the revenue of this business household reached 79.8 billion VND ( higher than the revenue of the whole year 2023 of 69.8 billion VND ) ; profit reached nearly 2.7 billion VND.
The new warehouse of Mr. Nguyen The Hung's business household in Cao Xanh ward, Ha Long city is full of raw materials for business.
Customers like Mr. Hung, Mr. Dan, Mr. Thien are typical examples among thousands of cases that VietinBank has supported to restore production and "change clothes" after Typhoon Yagi . Through preferential credit programs, VietinBank continues to affirm its position as a pillar bank of the economy, contributing effectively with people and businesses to restore and develop the economy.
| VietinBank representative said: Implementing Directive No. 04/CT-NHNN of the State Bank of Vietnam on solutions of the Banking Industry, contributing to supporting customers affected by storm Yagi to recover and promote production and business, VietinBank has supported preferential credit for more than 18,000 loans from thousands of individual and corporate customers, with outstanding loans of more than 35,000 billion VND ( as of December 31, 2024) . The customer group is mainly concentrated in industries such as: Aquaculture ; trade... in localities affected by storm Yagi such as: Quang Ninh, Hai Duong, Bac Ninh... |
Source: https://www.vietinbank.vn/vi/tin-tuc/tin-tuc-va-su-kien/vietinbank-ho-tro-hon-18-000-khoan-vay-sau-bao-yagi-voi-du-no-hon-35-000-ty-dong-20250217085313-00-html
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