Reduce loan interest rates for customers affected by storms and floods

The State Bank of Vietnam has just issued a document requesting credit institutions, foreign bank branches (hereinafter referred to as credit institutions) and State Bank branches in Regions (1, 3, 4, 5, 6, 7, 8, 9, 12) to urgently deploy solutions to support customers in overcoming the consequences of natural disasters and floods.

Accordingly, for credit institutions, it is necessary to review and support branches and transaction offices in provinces and cities affected by storms No. 10, 11, 12 and post-storm floods to promptly overcome damage and restore operations to serve customers and local people.

Units review and evaluate the production and business activities and debt repayment capacity of customers affected by storms and heavy rains and floods from July 2025 to October 2025, to promptly apply measures to support and remove difficulties for customers: restructure debt repayment terms, waive and reduce interest and fees for customers suffering losses according to current regulations; develop and implement credit programs and packages with interest rates lower than normal lending rates to restore production and business; reduce lending interest rates by 0.5% - 2%/year for 3-6 months for existing outstanding loans of customers affected by storms and floods; handle debts for customers suffering losses in loans according to regulations...

Particularly, the Vietnam Bank for Social Policies fully performs the assigned tasks in Resolution No. 347/NQ-CP dated October 24, 2025 of the Government on key tasks and solutions to urgently overcome the consequences of natural disasters after storm No. 11, quickly stabilize people's lives, promote production and business recovery, actively promote economic growth, and control inflation well.

For local branches of the State Bank, the key task is to direct and supervise credit institutions in the area to implement support measures. Furthermore, the branches need to coordinate with local authorities to advise and implement solutions to remove difficulties for the people. Finally, the State Bank requires units to urgently deploy and promptly report any difficulties and problems that arise.

Source: https://vtv.vn/giam-lai-suat-cho-vay-voi-khach-hang-bi-thiet-hai-do-bao-lu-100251105094220693.htm