In line with the directive from the State Bank of Vietnam to consider interest exemptions, debt restructuring, and support for new borrowers affected by Typhoon Yagi, VPBank has announced a special interest rate support program for existing individual customers impacted by the typhoon.
VPBank will offer a direct 1% reduction in interest rates on medium and long-term loans and a 0.5% reduction on short-term loans for all existing individual borrowers with secured loans. This interest rate support program will be effective from September 13 to December 31, 2024, and will be applicable in all provinces directly affected by Typhoon Yagi, including Quang Ninh, Hai Phong, Hanoi, Thai Nguyen, and Yen Bai.
In addition to the interest rate reduction, VPBank is also offering an attractive promotional interest rate of 6.5%/year fixed for the first 12 months to all customers who wish to refinance their loans from other banks or take out new loans for real estate purchases, construction, or home repairs.
Beyond direct customer support, VPBank has also contributed VND 2 billion to aid those affected by the recent Typhoon No. 3. This donation was made in response to the call for assistance from the Vietnam Fatherland Front Central Committee, and the amount will be directly transferred to their account to support the affected communities.
A VPBank representative shared: “The people in the northern provinces are going through a challenging time, facing losses and grief due to Typhoon Yagi. Embracing our mission of ‘For a Prosperous Vietnam,’ and believing in the spirit of community support, VPBank takes responsibility for standing with the affected provinces and people who are bearing the brunt of the typhoon’s damage. We hope that our support will provide some encouragement and help them stay resilient in the face of adversity.”
Over the years, VPBank has been committed to fulfilling its mission of creating prosperity, especially community prosperity, through concrete strategies and actions. Since 2022, the bank has partnered with ‘Cap La Yeu Thuong’ to build and renovate over 50 schools across the country and launched the “VPBank Transaction – Nurturing Prosperity” charity program, with an expected contribution of up to VND 1.8 billion… to help provide educational opportunities for children in highland areas. VPBank’s contributions to the community and society have amounted to more than VND 1,800 billion in the past four years, bringing us closer to our mission of “For a Prosperous Vietnam.”
International Tourists Return to Ha Long Bay After Typhoon Yagi
As announced by the Ha Long Bay Management Board, starting today (September 10th), Cruise Routes 1 and 2 in the bay are now fully equipped and ready to welcome visitors.
The Perfect Storm: Yagi Puts Condo Quality to the Ultimate Test
A super typhoon Yagi made landfall in Quang Ninh, Hai Phong, and Hanoi, bringing strong winds and heavy rains that battered skyscrapers and apartments, causing glass panels to shatter and debris to scatter. The storm also led to flooding in many areas. Super Typhoon Yagi served as a stern test for the quality of modern construction projects.
The Ultimate Test of Resilience: When Storms Batter Apartment Complexes
The recent typhoon Yagi put Hanoi’s apartment buildings to the test. The heavy rain and strong winds of the strongest storm in three decades exposed the construction quality and management capabilities of the city’s condominium system.
The Central Bank Directs Support for Customers Affected by Storm No. 3
The State Bank of Vietnam (SBV) has issued a directive to all financial institutions, instructing them to implement supportive measures to aid customers in recovering from the aftermath of the third storm.
MobiFone Keeps Customers Connected During Typhoon Yagi
In recent days, MobiFone has been actively providing support and assistance to those affected by the devastating typhoon, Yagi.
