Support people in flood-affected areas with 150 billion VND, reduce loan interest for affected businesses

At the 9th Banking Industry Patriotic Emulation Congress held on the afternoon of November 24, the banking industry donated VND150 billion to support people in overcoming the consequences of natural disasters and floods through the Central Committee of the Vietnam Fatherland Front; committed to reducing up to 2% of lending interest rates for existing outstanding loans for businesses affected by storms and floods.

Responding to the Prime Minister 's call, the banking sector has donated 150 billion VND to support people in overcoming the consequences of natural disasters and floods through the Central Committee of the Vietnam Fatherland Front.

Also at the Congress, on behalf of the State Bank of Vietnam (SBV) leadership, SBV Deputy Governor Pham Quang Dung launched an emulation movement in the entire industry for the period 2026 - 2030 with the theme "The banking industry competes to innovate, create, and pioneer with the country to enter an era of strong, civilized, and prosperous development".

Deputy Governor of the State Bank of Vietnam Pham Quang Dung said that in the context of the economy and the socio-political situation still evolving in a complicated and unpredictable manner, the banking sector has been posing increasingly greater tasks and responsibilities, requiring the banking sector to have flexible solutions and respond quickly and promptly to continue implementing effective monetary policy, controlling inflation, and stabilizing the macro-economy.

At the same time, each cadre, civil servant, public employee and worker in the banking sector must always uphold their sense of responsibility, regularly practice their political qualities and professional qualifications to be ready to meet the requirements of their tasks in the new era of development, the era of national growth.

To concretize the goals of the Resolution of the Party Congress, the National Assembly , the Government and the Banking Industry Development Strategy in the coming period, the Governor of the State Bank launched an emulation movement for the whole industry with the theme: "The Banking industry competes to innovate, create, and pioneer with the country to enter the era of strong, civilized, and prosperous development" with a number of key tasks.

That is, continue to perfect the legal framework and system of legal documents on banking activities; proactively and flexibly operate monetary policy, coordinate with fiscal policy and other macroeconomic policies to stabilize the macro-economy, control inflation, and promote economic growth.

Deputy Governor of the State Bank of Vietnam Pham Quang Dung launched an emulation movement in the entire industry for the period 2026 - 2030, with the theme "The banking industry competes to innovate, create, and pioneer with the country to enter an era of strong, civilized, and prosperous development".

“Continue to manage credit safely, direct capital flows into production, business and growth drivers to support businesses and people in accessing capital; improve the quality of inspection and supervision, ensure security and discipline in the monetary and banking markets, comply with legal regulations, promote governance and management according to international standards, enhance risk identification and control; synchronously deploy solutions to manage the gold market; promote bad debt handling, and restructure the system of weak credit institutions,” said Deputy Governor of the State Bank of Vietnam Pham Quang Dung.

Inheriting and promoting the good traditions and outstanding achievements gained in recent years, with specific and practical actions, the Deputy Governor of the State Bank requested the Heads of units to closely follow the policies and orientations of the Party, State, Government and the Banking sector to promptly concretize the emulation contents, launch and organize implementation to achieve the highest results.

Mr. Phan Thong Thai, Director of Agribank Phu Yen branch, presented support to Hoa Thinh commune, one of the localities assessed to have suffered heavy damage to people and property.

At the same time, in response to the severe damage caused by natural disasters and floods to people in the Central and Central Highlands provinces, the Deputy Governor said that the banking sector is committed to reducing lending interest rates by up to 2% on existing outstanding loans for affected businesses.

To share difficulties with people and spread the spirit of social responsibility, many commercial banks have announced interest rate support packages for people and businesses affected by storms and floods.

Ms. Pham Thi Nhung, member of VPBank Board of Directors, represented the bank in donating funds to build houses for affected households in Gia Lai.

VPBank has just officially announced the implementation of an interest rate support package with a total scale of up to 1,000 billion VND for individual customers affected by storms and floods in 15 provinces and cities across the country.

VPBank representative said that the subjects of application are individual customers with mortgage loans at VPBank and are on the list of those affected by storms and floods, the interest rate margin will be adjusted down corresponding to the loan term. For loans with remaining term of more than 12 months, the reduction is 1%/month - consecutively for 6 months; for short-term loans with remaining term of up to 12 months, the reduction is 0.5%/month, for 3 months.

The program is being implemented in 15 provinces and cities affected by recent storms and floods, including: Ninh Binh, Thai Nguyen, Cao Bang, Lang Son, Thanh Hoa, Da Nang, Nghe An, Ha Tinh, Quang Tri, Thua Thien Hue, Quang Ngai, Khanh Hoa, Gia Lai, Dak Lak and Lam Dong. VPBank branches and transaction offices will proactively contact and guide customers to complete procedures and receive support as quickly as possible. The total outstanding loan value is expected to reach VND 1,000 billion, contributing to realizing the bank's commitment to sharing with customers in the most difficult times.

Recently, VPBank donated VND15 billion to support affected households in Gia Lai province to focus on building and repairing houses; VND30 billion to Nghe An and VND10 billion to support flood victims in the Northern and Central provinces, to provide necessities, construction materials and stabilize livelihoods. "In 2025 alone, the total resources that VPBank, together with its staff and partners, contributed to social activities will reach nearly VND70 billion," said a VPBank representative.

Speaking to reporters of Tin Tuc and Dan Toc Newspaper, a representative of ABBank said that in order to support customers in overcoming damage and quickly stabilizing their lives and business activities after a series of major storms and floods in 2025, ABBank has implemented a program to support reducing loan interest rates by up to 2.8%/year for individual customers and small and medium enterprises (SMEs) with existing loans in areas affected by natural disasters.

Specifically, individual customers with short-term business loans will receive a maximum reduction of 0.75%/year for the entire remaining term of the loan; for medium and long-term loans such as real estate loans, secured consumer loans, car loans, medium and long-term business loans, etc., customers will receive support to reduce interest rates by up to 2.8%/year.

For SME customers, ABBank has been reviewing and compiling a list of affected customers in each region to propose appropriate support plans, ensuring timely and appropriate support to each business's needs. Accordingly, ABBank will apply a maximum reduction of 1.5%/year for 3 months for short-term loans and 6 months for medium and long-term loans...

Source: https://baotintuc.vn/xa-hoi/ung-ho-nhan-dan-vung-mua-lu-150-ty-dong-giam-lai-vay-cho-doanh-nghiep-bi-anh-huong-20251124175648865.htm