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Reportedly, Covid-19 pandemic has made small-scale enterprises, production-business, service-providing establishments close or work perfunctorily and supply chains interrupted…, affecting socio-economic situation in general and banking activities in the province in particular.

To support clients to overcome difficulties, province-based credit institutions have restructured their repayment term, keeping the debt group for 4,700 clients with a total debt value of VND10trillion; exempted, reducted interest rates for nearly 69,300 clients with total outstanding loans of about VND 130 trillion and total reduced amount of more than VND 1.18 trillion. Especially, new loans from credit institutions to support clients from January 23, 2020 to the end of September 2021 reached VND 223 trillion, with 13,000 clients having outstanding loans.

According to leader of the State Bank of Vietnam’s Binh Duong Branch, the implementation of credit support of the province’s credit system has opportunely removed difficulties and created conditions for people and enterprises to recover production and business activities, greatly contributing to stabilizing macroeconomy and supporting economic growth.

Reported by Thanh Hong-Translated by Kim Tin