Banks support customers affected by COVID-19
| |
Illustrative image (Photo: VNA) |
Speaking at a recent working session with representatives of Agribank, VietinBank, Vietcombank and BIDV, Tu urged the banks to put forth their own scenarios to combat the disease.
The entire banking sector needs to accompany businesses to overcome difficulties, he said, ordering the four commercial banks to demonstrate their role in driving the market and implement policies regarding debt restructuring and extension.
While assessing losses caused by the epidemic to customers, attention should be paid to “hot” spheres and prioritized sectors regarding exports, production and distribution, especially essential goods and social welfare.
Product packages and incentives like interest rate cuts must be announced publicly, Tu said.
Tiet Van Thanh, General Director of Agribank, said the bank has issued documents and set up a steering board for COVID-19 prevention and control, along with a three-level scenario to counter the epidemic.
Apart from establishing a steering board and working groups in charge of fighting COVID-19, VietcomBank has also offered product packages to assist clients impacted by the disease, according to General Director Pham Quang Dung.
Nguyen Quoc Hung, Director of the SBV’s Credit Department, pointed out that the epidemic has hampered the operation of businesses, thus affecting debt collection.
He stressed the need for banks to continue supervising the performance of organisations, enterprises and other customers.
Related News
Ambitious profit goals of banks
10:32 | 13/04/2024 Finance
Banks seek to attract foreign capital
10:50 | 09/04/2024 Finance
Mechanisms for bolstering "bolder" and more efficient credit flow
08:24 | 31/03/2024 Import-Export
Shareholders expect the shareholder meeting season
10:20 | 18/03/2024 Headlines
Latest News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
More News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
Your care
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance