Many banks reduce interest rates for customers affected by storms and floods.

VTV.vn - Many banks have reduced interest rates by 0.5 - 2%, restructured debt, waived fees for customers affected by storms and floods, and supported the restoration of production and business.

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Faced with the severe damage caused by storms No. 12 and 13 and floods in localities, many banks have reduced interest rates by 0.5 - 2% per year for customers borrowing capital in areas affected by natural disasters.

Other support solutions include: reducing loan interest rates for existing outstanding loans, new loans, loans to overcome difficulties, restructuring debt repayment terms, exempting and reducing interest and fees, and debt suspension according to the provisions of law and the bank.

Previously, the State Bank had issued a document requesting credit institutions and commercial bank branches to promptly restructure debt repayment terms, waive and reduce interest and fees for customers who suffered losses. At the same time, it has developed and implemented credit programs and packages with interest rates lower than normal lending rates to restore production and business.

Recently, Deputy Prime Minister Ho Duc Phoc also signed Decision No. 2553/CD-TTg dated November 21, 2025 on adjusting and reducing lending interest rates for a number of policy credit programs at the Vietnam Bank for Social Policies.

Accordingly, the interest rate for loans to the poor and students (according to Decision No. 157/2007/QD-TTg dated September 27, 2007 of the Prime Minister) is adjusted down from 6.6%/year (0.55%/month) to 6.24%/year (0.52%/month).

Interest rates for loans to households engaged in production and business in disadvantaged areas and loans to traders conducting commercial activities in disadvantaged areas are adjusted down from 9.0%/year (0.75%/month) to 7.8%/year (0.65%/month).

Interest rate for loans for clean water supply and rural environmental sanitation is adjusted down from 9.0%/year (0.75%/month) to 8.4%/year (0.70%/month).

The lending interest rates for policy credit programs in this Decision shall be applied from December 1, 2025 for outstanding loans at the Vietnam Bank for Social Policies.

The Decision clearly states that Ministers, Heads of ministerial-level agencies, Heads of Government agencies, Governor of the State Bank of Vietnam , Chairman of the Board of Directors, General Director of the Vietnam Bank for Social Policies and Heads of relevant agencies are responsible for implementing this Decision.

Source: https://vtv.vn/nhieu-ngan-hang-giam-lai-suat-cho-khach-bi-thiet-hai-bao-lu-100251125094349625.htm