The Government issued a resolution to overcome the consequences of natural disasters after storm No. 11.

Immediately deploy preferential credit packages in damaged localities

To urgently overcome the consequences of natural disasters, quickly stabilize the people's situation, promote the recovery of production and business, actively promote economic growth, control inflation well, and continue to strive for economic growth of over 8% in 2025, the Government requires leaders of ministries, branches, and localities affected by natural disasters to urgently, resolutely, promptly, and effectively implement the conclusions of the Politburo , resolutions, and directions of the Government and the Prime Minister.

In particular, ministries, agencies and localities need to focus on implementing important tasks and solutions including: protecting people's lives, safety and health; supporting the restoration of social activities to stabilize people's lives; supporting the restoration of production, supply and labor chains, restoring and promoting production and business development...

The Prime Minister assigned the Ministry of Finance to effectively implement policies on exemption, reduction, and extension of taxes, fees, land rents, etc. for those affected or damaged by storms, floods, landslides, etc. in accordance with the law; direct insurance companies to promptly review and pay insurance benefits to affected customers, and immediately make advance compensation payments in accordance with the law.

The State Bank of Vietnam directs credit institutions to implement solutions to remove difficulties for customers such as restructuring debt repayment terms, exempting and reducing interest and fees for customers who have suffered losses according to current regulations; immediately deploying credit packages for customers in damaged localities to restore production and business with preferential lending interest rates lower than normal lending interest rates; reducing lending interest rates by 0.5 - 2%/year for 3 - 6 months for existing outstanding debts of customers who have suffered losses due to storms and floods...

The Government issued a resolution to overcome the consequences of natural disasters after storm No. 11.

The Vietnam Bank for Social Policies focuses on accelerating the disbursement of policy credit programs in the 2025 credit capital plan assigned by the Prime Minister; in case there is a shortage compared to the demand, it is allowed to assign additional allocations of the State's development investment credit capital plan in 2025 by a maximum of 2% (from a maximum of 10% to a maximum of 12% compared to 2024) to promptly support policy beneficiaries in the above localities.

At the same time, submit to the Prime Minister a decision to reduce lending interest rates by 2%/year for customers borrowing capital from policy credit programs at the Social Policy Bank (including both organizations and individuals) in localities affected by storms and floods.

The reduction in lending interest rates applies to loans with outstanding balances at the Vietnam Bank for Social Policies from October 1, 2025 to December 31, 2025, and the implementation period for reducing lending interest rates is from October 1, 2025 to December 31, 2025, and is guaranteed within the scope of the capital plan to compensate for interest rate differences and management fees assigned in 2025; review and summarize the losses of customers borrowing from the bank to promptly handle risky debts to support people in overcoming the consequences of natural disasters.

Stabilize prices of essential goods, control inflation

The Government also requested ministries, branches and localities to urgently fix infrastructure, improve response and resilience capacity; deploy tasks and solutions to improve response and resilience capacity; cut and simplify administrative procedures to implement support policies; control inflation and promote economic growth.

Ministries, agencies and localities must grasp the market situation and commodity prices to have appropriate and effective solutions to stabilize the market; ensure adequate supply of goods; strengthen inspection and supervision of the implementation of regulations on price management, price stabilization of essential goods and raw materials for people's lives and production and business; strictly handle according to the law acts of speculation, hoarding of goods to increase prices, and price manipulation.

PHAN THAO

Source: https://www.sggp.org.vn/chinh-phu-ban-hanh-nghi-quyet-khac-phuc-hau-qua-thien-tai-sau-bao-so-11-post819852.html