On September 9, the SBV issued a document to the Chairpersons/Directors and General Directors of banks and directors of SBV’s provincial/municipal branches on implementing solutions to support customers in overcoming the consequences of Storm No. 3.
Several commercial banks have shared that they are continuing to update and consolidate information on the damages incurred by their customers. No bank has announced specific support policies for affected customers, such as restructuring loan repayment terms or providing interest rate waivers or reductions.
Since September 9, Agribank has dispatched working groups to grasp the situation and visit affected borrowers. It is the first commercial bank to take such action immediately after Storm No. 3 hit Quang Ninh, Hanoi, Hai Phong, and Hai Duong, among other localities.
Surveying the actual situation in Hai Phong, one of the places where Storm No. 3 made landfall with the strongest winds and caused the most damage, Pham Toan Vuong, CEO of Agribank, instructed the branches in the city to proactively contact borrowers, assess their losses, and promptly offer suitable support solutions.
Agribank’s leaders at a fish farm of a customer in Hai Phong. The farm suffered losses of about 200 tons of fingerlings and fish (including sturgeon, catfish, and red river carp) and three sheds, with estimated damages totaling VND 13 billion. Photo: Agribank |
ABIC Insurance Company promptly obtained information and carried out procedures to compensate customers for their losses. The branches actively coordinated with local authorities to implement social security policies for families who lost their loved ones or suffered property damage, especially in areas severely affected by the storm…
It is known that members of Agribank‘s Board of Directors were also present in Quang Ninh, Hai Duong, and Thai Binh provinces immediately after Storm No. 3. The branches in these areas were instructed to focus on assessing the damages of borrowers and proposing and implementing timely support policies to help customers stabilize and restore their production and business activities.
Similarly, the leaders of the Vietnam Bank for Social Policies also visited provinces and cities affected by storms and floods to provide immediate support to families severely affected by the storms.
The banking sector responded to the call of the Central Committee of the Vietnam Fatherland Front to support people affected by Storm No. 3. At the launching ceremony, Deputy Governor Dao Minh Tu presented a donation of VND 37.4 billion.
Tuân Nguyễn
The Perfect Headline:
“Financial Relief for Quang Ninh: Exploring Credit Support for Customers Affected by Storm No. 3”
The Chairman of the People’s Committee of Mong Cai City has requested that banks defer debt and reduce interest rates on existing loans. In addition, they are encouraging new unsecured loans to provide much-needed financial support to local businesses and citizens. This initiative aims to stimulate economic growth in the area by enabling easier access to capital for reinvestment and business operations.
“A City’s Generous Support: Ho Chi Minh City Donates 120 Billion VND to Aid Fellow Citizens Affected by Storm No. 3”
On September 10, the Vietnam Fatherland Front Central Committee launched a donation drive to support communities affected by the devastating Storm No. 3.
Prime Minister Visits, Encourages Citizens and Directs Recovery Efforts in the Wake of Typhoon No. 3 in Quang Ninh.
On the afternoon of September 8, Prime Minister Pham Minh Chinh inspected the damage and directed the implementation of urgent measures to overcome the consequences of Storm No. 3 in Quang Ninh province. The province bore the brunt of the storm, with the strongest winds and, as of the morning of September 8, the most extensive damage.
The Great Storm’s Toll: Insurer to Pay Out $650,000 to Families of Five Who Lost Their Lives; A Guide to Navigating Insurance Claims for Survivors.
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Supporting the North: Local Communities Donate Billions to Aid Provinces Affected by Storm Yagi
With a spirit of generosity and compassion, the provinces of Tien Giang, Quang Nam, and Dak Nong have come together to offer a helping hand to the northern provinces in the aftermath of Typhoon Yagi. Their collective donations amount to billions of dong, a testament to their empathy and solidarity with those affected by the storm.
