According to the SBV Hoa Binh branch, the affected customers are in the fields of transport, catering, karaoke and accommodation service supply, and trading (import and export, automobile, spare parts, and retail).

As of early June, 2020, the province had 1,383 affected customers with total loans of over 3.22 trillion VND. In order to give timely support to them, the SBV Hoa Binh branch has directed banks and credit institutions to promptly implement measures to remove obstacles facing the influenced customers.

The credit institutions have rolled out specific measures such as adjusting payment time, reducing and exempting interest and fees, maintaining major debts under regulations stated in Circular No. 01 issued on March 13, 2020 by the SBV and the regulations of the headquarters to ease difficulties for them in line with the real situation of each customer.

Accordingly, the banks have erased 428 million VND as interest from an amount of 68.68 billion VND of loans for 22 customers. The debt structure on 1.543 trillion VND of 869 customers has been maintained, and nearly 60 billion VND of new loans given to nearly 150 customers.

For the Vietnam Bank for Social Policies in provinces, 115 customers were affected. Payment date for a 1.35 billion VND of loans has been extended. The bank has extended the payment date for 37 borrowers with a total amount of nearly 1.4 billion VND. Meanwhile, interest rateshave been reduced by 0.5-2 percent per year for borrowers affected by COVID-19.

In the future, the SBV Hoa Binh branch will continue keeping a close eye on the implementation of measures to support customers and businesses, while preventing those who take advantage of the support policies.

Meanwhile, the bank will continue taking urgent measures designed by the banking sector to enhance the effective of efforts to ease difficulties caused by the COVID-19 pandemic, while cooperating with departments and sectors to evaluate the impact of the pandemic so as to give timely support measures, helping businesses, especially small- and medium-sized enterprises and those in priority sectors access assistance from banks. At the same time, banks and credit institutions will also be supervised to make sure they strictly implement regulations related to depositsand saving interests./.

Related Topics

Hoa Binh youth union looks to spur start-up movement

Hoa Binh advances cooperative economy

Hoa Binh takes actions to connect markets, promote values of agricultural products

Luong Son district is determined to achieve the targets of double-digit growth

---

Issuing the certificates of the product safety in the supply chain for the establishments

Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.

Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.

Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.

Hoa Binh's leaders work with China Pacific Construction Group

alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.

Hoa Binh calls for acceleration of PCB manufacturing plant project

The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.