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Photo: Agribank

According to statistics in Quang Ninh province, up to now, it is estimated that 4,512 customers borrowing capital from Agribank have been affected with an affected outstanding debt of VND 9,287 billion, the damaged outstanding debt is VND 3,851 billion with 4,412 customers. Of which, the agriculture, forestry and fishery sector has 1,425 customers; the industry and construction sector has 577 customers; the trade and service sector has 2,410 customers.

Immediately after storm No. 3, Agribank proactively organized working groups to Quang Ninh and some affected localities to grasp the situation and losses of loan customers, and to encourage and share with people and businesses.

Implementing the direction of the Government , the State Bank and the request of Quang Ninh province, Agribank branches in the area have urgently implemented support measures such as: restructuring debt repayment terms for 481 customers; reducing lending interest rates for 1,680 customers with outstanding loans of VND 4,877 billion; providing new loans to restore production and business for 178 customers...

Agribank branches in Quang Ninh province have also coordinated with ABIC Insurance Company to implement compensation activities for customers suffering damages according to regulations; immediately carry out social security work, accompanying the locality so that people and businesses have more resources to overcome the consequences after the storm.

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Mr. Cao Tuong Huy - Chairman of Quang Ninh Provincial People's Committee thanked Agribank for its timely intervention, accompanying the province to support people and businesses to overcome difficulties. Photo: Agribank

Speaking at the meeting, Mr. Cao Tuong Huy - Chairman of Quang Ninh Provincial People's Committee thanked and expressed his appreciation for the responsible and timely participation of the banking sector and credit institutions, including Agribank, to share difficulties and losses with people and businesses in the province.

Storm No. 3 is a very large storm, in which Quang Ninh is located in the eye of the storm, suffering terrible devastation, causing serious, unprecedented damage, causing many people and businesses to lose almost all their property.

In that context, to support people to quickly stabilize their lives and restore production, Quang Ninh province immediately started to work to overcome the situation, reported to the Government, issued resolutions, guidelines, and many appropriate and practical policies. Mr. Cao Tuong Huy said that Quang Ninh province has restructured its spending sources in 2024, saved spending, and allocated a budget of VND 1,180 billion to support people and businesses to overcome the consequences of natural disasters.

Along with that, the province is implementing the project to restore and reconstruct the economy after the storm in an optimal direction, improving the efficiency in developing the province's strong sectors and fields; seizing opportunities to overcome weaknesses in economic development such as: applying science and technology, new technologies, new species in aquaculture; re-planning 3 types of forests, restructuring crops in forestry development; increasing investment attraction in processing, manufacturing, high value-added industries...

The Chairman of the People's Committee of Quang Ninh province requested Agribank to continue implementing support policies, have specific mechanisms and instructions, create a legal corridor for branches to have a basis for implementation, support customers, especially those who no longer have assets to mortgage for loans; issue preferential interest rate loan packages for customers serving the reconstruction of production and business activities.

Quang Ninh province will continue to propose the Government to consider expanding the subjects and raising the lending limit; at the same time, commit to using the budget to handle the interest on loans that have been frozen in accordance with the law.

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Chairman of the Board of Directors of Agribank Pham Duc An affirmed that Agribank will accompany people and businesses to rebuild production and business activities. Photo: Agribank

At the meeting, on behalf of the delegation, Mr. Pham Duc An - Chairman of the Board of Directors of Agribank emphasized the determination to share difficulties with the locality, especially with the people and businesses. Mr. Pham Duc An affirmed that Agribank will accompany the people, businesses and Quang Ninh province, as well as the localities in this difficult period.

In order for the bank's support policies to be implemented promptly and effectively, the Chairman of the Board of Directors of Agribank requested the Provincial People's Committee to support and direct localities in confirming damages for households based on reality, including aquaculture households with incomplete legal documents, because the deadline for confirming damages according to the Decree on credit policies for agricultural and rural development is only limited.

Agribank also requested local authorities at all levels to promptly establish a council to assess the damage caused by storm No. 3 to people in the areas, creating conditions to confirm the damage records for people so that the bank can complete the debt cancellation records for customers with outstanding loans at the bank that were damaged due to the storm.

Along with that, strengthen the activities of organizations such as Women's Union, Farmers' Association..., quickly support households damaged by storms. Guarantee for people and production households to access credit capital, have the opportunity to restore production or change occupations and business fields.

With the participation of local authorities, Agribank will have specific instructions, implement timely support policies, and accompany people and businesses to rebuild production and business in the soonest time.

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Photo: Agribank

Immediately after the working session with the People's Committee of Quang Ninh province, Chairman of the Board of Directors of Agribank Pham Duc An and the working delegation worked with 3 Agribank branches in the area to grasp the situation, listen to recommendations, and direct specialized units to advise and propose appropriate policies and mechanisms to support people and businesses in a practical and effective manner, as soon as possible.

On the same day, the Agribank delegation visited, encouraged and grasped the actual operations of a number of production households and businesses damaged by storm No. 3 in Quang Yen district.

Thanh Ha