In the afternoon of June 30, the State Bank of Vietnam (SBV) in collaboration with the People's Committee of Khanh Hoa province organized a banking-business connection conference to support customers facing difficulties due to Covid-19 epidemic. Ms. Nguyen Thi Hong - Deputy Governor of Vietnam State Bank; Mr. Le Huu Hoang - Vice Chairman of the Provincial People's Committee attended.
At the conference, representatives of businesses and associations proposed a number of issues such as: Proposal to reduce car registration fees, reducing loan interest rates and opening short credit packages for transportation enterprises; reducing loan paper procedures; Proposing Vietnam State Bank to study and consider the appropriate interest rate and continue to reduce the interest rate for Cam Ranh International Terminal Joint Stock Company until the end of December 31, 2016 ... These recommendations were answered and noted by the SBV's leaders at the conference.
Speaking at the conference, Mr. Le Huu Hoang asked the SBV to pay attention to direct commercial banks to continue simplifying processes and procedures, creating favorable conditions for customers to access banking support policies. The State Bank branch in coordination with associations, departments and branches in the province regularly shares, informs, propagates and disseminates supporting policies and solutions of the banking industry for enterprises to capture and access conveniently; summing up arising problems to propose to leaders of all levels for handling and promptly removing difficulties for enterprises. Credit institutions should continue to accompany and share difficulties for borrowers, creating the most favorable conditions for eligible businesses to access to loans with reasonable costs; accelerating the progress of handling customer’s recommendations and proposals related to the implementation of Circular No. 01/2020 / TT-NHNN of the Vietnam State Bank; supporting preferential loans for industries directly affected by the Covid-19 epidemic such as: Exports, aquatic products, seafood, transportation and tourism; giving priority to enterprises with a lot of labor…
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Business representative is making recommendations at the conference
According to the report of the State Bank of Vietnam, Khanh Hoa Branch, in the first 5 months of 2020, the provincial banking industry has successfully completed its assigned tasks, promptly implements monetary, credit, banking policies and solutions to remove difficulties for customers affected by Covid-19 epidemic. The whole province has 7,099 borrowers (1,262 businesses, 5,837 individuals) affected by Covid-19 epidemic, the affected debt balance was VND 27,681.19 billion; accounting for 30.41% of loan outstanding balance in the whole area. As of June 20, 2020, the branches of credit institutions in the province have adjusted debt terms and extended debt of customers who have been in difficulties due to the impact of Covid-19 epidemic to 987 customers, outstanding loan of 4,184.5 billion dong; including 265 enterprises, outstanding loan of 3,122 billion. The branches of credit institutions have exempted and reduced interest for 111 customers with outstanding loan of VND 509.75 billion, the exempted and reduced interest amount was VND 1.62 billion. Simultaneously, many preferential credit packages were deployed to support customers to maintain production and business activities, and overcome difficulties caused by Covid-19 epidemic. From January 23 to June 20, 2020, branches of credit institutions in the area have made new loans to 7,449 customers with the amount of 11,875 billion dong. Many branches of credit institutions in the province have proactively reduced lending interest rates for old loans to 11,844 customers, outstanding loans of VND 16,531 billion, reduced interest amounts of VND 67.75 billion. In addition, credit institutions also apply many policies of exemption and reduction of fees to encourage customers to make electronic transactions, non-cash payments to limit the spread of Corona virus...
MY HAU
* In addition to actively deploying solutions to support people and businesses to overcome difficulties caused by the Covid-19 epidemic, branches of credit institutions in the area joined hands with local authorities to implement social security work, specifically: Supporting 8 medical centers to buy equipment; donating rice to ATMs to distribute rice to the poor; supporting the program "Joining hands to prevent and combat Covid-19 epidemic" of the Vietnam Fatherland Front Committee of Khanh Hoa province; delivering gifts to poor households ... with a total of VND 476 million.