Vietnam's central bank stands ready to support businesses affected by salinity drought

ABO - On March 23, the State Bank of Vietnam organized an online conference to propose urgent solutions to remove difficulties for businesses and people affected by drought, saltwater intrusion in fiev provinces in the Mekong Delta, including: Tien Giang, Ben Tre, Long An, Ca Mau and Kien Giang.

Deputy Governor of the State Bank of Vietnam Dao Minh Tu presided over the main bridge point in Hanoi. Vice Chairman of Tien Giang People's Committee Le Van Nghia presided over the bridge point in Tien Giang province.

At the conference. Photo: thtg.vn

According to the State Bank of Vietnam, the Mekong Delta region this year was seriously damaged by natural disasters. Accordingly, total outstanding loans from disease, drought and saltwater intrusion amounted to more than 47,500 billion VND.

Particularly, Tien Giang province has estimated that over 1,000 billion VND of outstanding loans affected by drought, saltwater intrusion, which is mainly outstanding loans for fruit trees.

At the conference, many provincial leaders presented the difficulties and damages as well as presented solutions to minimize damages to businesses and people.

Speaking at the conference, Vice Chairman of Tien Giang People's Committee Le Van Nghia proposed some related issues such as: Requesting the State Bank of Vietnam to exempt as well as reduce loan interest, structuring of debt payment time or new loans to support.

In the long term, the State Bank of Vietnam should have specific credit policies; preferential credit with a long time, appropriate interest rates for people to change production and business models suitable to climate change in the future.

Deputy Governor of the State Bank of Vietnam Dao Minh Tu shared the difficulties faced by the localities. He affirmed that State Bank of Vietnam would have appropriate policies and mechanisms for the Mekong River Delta region to prioritize the focus of capital and ensure no shortage of capital.

The Deputy Governor of the State Bank proposed that credit institutions should proactively approach enterprises, promptly removing difficulties and supporting capital to the right subjects and in accordance with regulations, creating the most favorable conditions for enterprises to access the capital and put into effective operation.

On this occasion, the State Bank of Vietnam Union presented 15 billion VND to five provinces affected by natural disasters to provide partial support to localities facing natural disasters.

(According to thtg.vn – Translated by HUU CHI)