Banks lower interest rates to help businesses recover after the storm

VTV.vn - The commercial banking system across the country has simultaneously activated credit support packages, lowered loan interest rates, restructured debt, waived interest rates, and expanded preferential credit...

Banks lower interest rates to help businesses recover after the storm

The commercial banking system across the country has simultaneously activated credit support packages, lowered lending rates, restructured debt, waived interest rates, and expanded preferential credit for people and businesses recovering from storms No. 10 and 11.

As a key state-owned commercial bank, the Vietnam Bank for Agriculture and Rural Development ( Agribank ) has proactively reduced lending interest rates by up to 2% per year for customers affected by storms and floods. This policy applies to existing outstanding loans as of September 30, 2025, does not collect late interest and adjusts overdue interest rates to the in-term interest rates for the period from October 1 to December 31, 2025.

For new loans arising from October 1 to December 31, 2025, the interest rate will be reduced by 0.5%/year for a maximum of 6 months from the date of disbursement. Along with the interest rate reduction, Agribank also synchronously implemented measures to restructure debt repayment terms, waive and reduce loan interest, and continue to provide new loans with preferential interest rates to support customers in restoring production and business activities.

In addition, the commercial banking system across the country is also "stationed" in areas that have suffered heavy damage, to provide new credit, ensuring that no people or businesses fall into a deadlock due to lack of capital. The goal is not only to provide timely capital support, but also to create a fulcrum to help customers optimize costs, restore production, and stabilize their lives after storms and floods.

Along with the commercial banking sector, the Vietnam Bank for Social Policies has also issued a telegram requesting branches to coordinate with the government and socio -political organizations to promptly grasp the level of damage of each loan, and guide customers to prepare documents to request risk handling according to regulations. Credit risk handling is considered a "safety valve" to help vulnerable borrowers avoid being pushed into a state of exhaustion after natural disasters.

Source: https://vtv.vn/ngan-hang-ha-lai-suat-giup-doanh-nghiep-hoi-phuc-sau-bao-100251014093247899.htm