Measures considered to support enterprises, borrowers affected by COVID-19

4/30/2020 - 10:18:18 AM

(HBO) - The Hoa Binh branch of the State Bank of Vietnam (SBV) has held a working session with commercial banks, the business association and some enterprises in the province to update on the situation of business and production as well as to discuss measures to remove difficulties and support customers affected by the COVID-19 epidemic.

Leaders of the provincial SBV branch and local banks consider measures to support enterprises and customers affected by COVID-19.

According to leaders of the provincial SBV branch, the branch has quickly implemented guidance documents of the SBV and the provincial People’s Committee on measures to prevent and control the epidemic, along with those to address difficulties to help local customers amid the complicated developments of the COVID-19. The branch also issued documents instructing local credit organisations in the province to adopt solutions to assist customers in accordance with the SBV’s Circular 01/2020/TT-NHNN and related documents, thus helping them cut losses and stabilise production and business activities.

However, there are a large number of local enterprises and individual borrowers affected by the COVID-19 epidemic, reaching 640 as of April 22, with total loan value reaching 1,092 billion VND (46.58 million USD). Among them, there are 572 individual and household customers, 66 enterprises and two cooperatives.

The provincial SBV branch said it will instruct banks to continue review their customers and coordinate with customers to seek suitable support measures, on the first and foremost condition of ensuring giving support to the right subject and affected sectors in accordance with instructions of the SBV and the provincial People’s Committee. At the same time, banks should not cause difficulties for customers eligible for support. In the time ahead, the branch will inspect banks and credit institutions’ implementation of support measures for enterprises and borrowers affected by the COVID-19./.

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