Quang Ninh calls on banks to resolve difficulties after the storm

    Đoàn Hưng |

    The People's Committee of Quang Ninh province has just issued a document calling on banks to help customers who were severely affected by storm No. 3.

    According to preliminary statistics, as of September 16, the damage in Quang Ninh province after storm No. 3 was VND24,223 billion. Of which: damage to housing and architectural works: VND6,447 billion; forestry: VND5,207 billion; aquaculture: VND3,692 billion; culture and tourism: VND2,485 billion...

    According to a report from The State Bank of Vietnam, Quang Ninh branch, there are 9,683 customers in the area with a total outstanding debt of VND 10,982.4 billion. Of which, the Vietnam Bank for Agriculture and Rural Development (Agribank) has 2,583 customers with a total outstanding debt of VND 2,416.5 billion. The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has 735 customers with a total outstanding debt of VND 3,738.8 billion. The Bank for Investment and Development of Vietnam (BIDV) has 337 customers with a total outstanding debt of VND 1,791.5 billion.

    The agriculture, fisheries and tourism sectors were the hardest hit, with many families and businesses losing almost everything. Many aquaculture rafts were washed away, crops were broken, cruise ships and cargo ships were sunk and severely damaged. Many customers were unable to repay their loans due to damaged or lost collateral.

    In this situation, the People's Committee of Quang Ninh province has requested banks to implement special support policies. Specifically, this includes debt forgiveness, interest rate reduction and creating new loan conditions for customers who no longer have collateral. At the same time, banks need to develop preferential interest rates for new loans, helping people and businesses have resources to restore production and business, and quickly stabilize their lives.

    Provincial leaders also wish to organize direct working sessions with bank leaders to discuss specific solutions to overcome difficulties.

    All these activities are carried out in accordance with the direction of the Prime Minister in Resolution No. 143/NQ-CP dated September 17, 2024 on urgently overcoming the consequences of storm No. 3, promoting economic recovery and controlling inflation.

    Đoàn Hưng
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