In a bid to support its customers, MB has reduced its lending rates by up to 1% per annum for personal loans with various purposes, including home construction and repair, purchasing furniture, repairing business premises, working capital for business operations, and consumer loans for a better life.
Given the extensive damage caused by Typhoon Yagi and the widespread flooding and landslides in the Eastern and Northwestern regions, MB promptly dispatched field teams to assess the situation and provide support to affected customers. The bank is offering solutions to help customers in severely affected areas, such as Quang Ninh, Hai Phong, Nam Dinh, Hai Duong, Hanoi, and Dien Bien, with home repairs and business recovery.
Additionally, MB has launched a special preferential loan package of up to VND 2,000 billion with a lending rate reduction of up to 1% per annum for customers who need funds until the end of 2024. This initiative aims to provide easier access to capital for people affected by the typhoon and floods, enabling them to rebuild their lives, repair and refurbish their homes, restore their businesses, and stabilize their production and consumption.
The bank also offers flexible credit options, including loans, overdrafts, guarantees, and credit cards, allowing customers to utilize the funds according to their needs. Furthermore, MB is committed to providing additional support beyond interest rate reductions, such as grace periods for principal and interest payments, with its insurance company expediting procedures to ensure timely assistance and compensation for affected customers.
According to MB’s representative, this preferential lending program demonstrates the bank’s timely support for individual and business customers during challenging times. “We are dedicated to standing by our customers through all phases of their journey, fostering sustainable recovery and development within the community,” they added.
In the spirit of solidarity, MB donated VND 2 billion to support people affected by Typhoon No. 3 (Yagi) through the Vietnam Fatherland Front Central Committee. This included VND 1 billion for Cao Bang province and VND 500 million for Dien Bien province. As part of the “MB contributes one day’s salary” campaign, the MB Trade Union also encouraged all bank employees to participate in fundraising through the Thiennguyen.app platform, demonstrating their commitment to standing with the community during difficult times.
With these contributions, MB and the banking sector as a whole aim to provide additional resources to the Party and the State to support those affected by Typhoon No. 3. This reflects the sector’s longstanding dedication to social and charitable causes. Moving forward, MB will continue to engage in various internal activities to support flood-affected regions, demonstrating its commitment to social responsibility and spreading humanitarian values. For more information, please visit this link or contact the hotline at 1900 545426.
The Seafood Industry is Rocked by Storm Yagi
The recent Typhoon No. 3 (Yagi) has wreaked havoc on aquaculture, resulting in a severe shortage of raw materials for seafood processing businesses. The storm’s impact has been far-reaching, with many shipments delayed and left in prolonged storage, potentially affecting product quality and increasing the risk of financial losses for these businesses.
“Resolute in the Pursuit of 7% Growth, Despite the Super Typhoon’s Challenges”
The outlook for Vietnam’s economy remains positive, with forecasts from both domestic and international economic organizations predicting high-growth scenarios that could even surpass the upper target of the 2024 GDP goal. Despite the potential setbacks caused by Super Typhoon Yagi, Prime Minister Pham Minh Chinh remains steadfast in his ambition to achieve a remarkable 7% growth rate for the year.
The Sun Shines Bright, Yet the Wealthy Enclave of Ciputra Remains Flooded.
By the end of the afternoon, following the heavy rain in the early hours of September 16, many areas of the Nam Thang Long – Ciputra urban district in Tay Ho, Hanoi, remained inundated.
“Stay Strong, Northern Vietnam!” – A Journey to Bring Clean Water to Flood-Affected Communities
With a spirit of camaraderie and unity, we go the extra mile, traversing geographical hurdles and braving mountainous terrains and floodwaters, to deliver pure drinking water to those in need.
