Hai Duong has implemented many credit policies to support businesses.

Banks in Hai Duong have implemented many credit policies according to proposals from businesses.

Most recently, the banking sector in the province has simultaneously implemented many measures to remove difficulties for customers affected by storm No. 3.

Credit institutions have restructured debt repayment terms and maintained debt groups for 474 customers, with outstanding debt of VND49.9 billion; exempted or reduced loan interest for 1,525 customers, with outstanding debt of VND6,403 billion; and granted new loans to 640 customers, with loan turnover of VND1,187 billion.

Previously, at the end of April 2023, the State Bank issued Circular 02 related to debt repayment period structure and maintaining debt groups, to support customers facing difficulties in the context of many economic challenges in early 2023.

Implementing this circular, accumulated to the end of October 2024 (latest reported data), 15 banks and 13 people's credit funds in the province have restructured debt repayment terms, keeping the debt group unchanged for 206 customers with a total debt value of VND 1,892 billion (principal and interest) with restructured repayment terms.

The entire banking sector in the province, from commercial banks to the Social Policy Bank system, has made efforts to implement measures to support people and businesses.

Hai Duong has also implemented Resolution 33/NQ-CP dated March 11, 2023 of the Government on a number of solutions to remove obstacles and promote the real estate market, specifically implementing a credit program of 120,000 billion VND for investors and home buyers of social housing projects, worker housing, renovation projects, and old apartment building reconstruction projects to borrow with preferential interest rates.

In the province, BIDV Hai Duong has received a loan application from Thanh Dong Real Estate Investment Joint Stock Company with a request to provide 200 billion VND in credit to invest in a social housing project in the new urban area in the South of Hai Duong City (sub-area 2). This bank has submitted the application to the headquarters and will issue a notice of the decision to provide credit after approval.

Credit support policies have contributed to helping businesses accelerate recovery, stability and growth.

In addition, implementing the 2% interest rate support program from the state budget of VND 40,000 billion according to Decree 31/2022/ND-CP of the Government and Circular 03/2022/TT-NHNN of the State Bank, by the end of 2023, the entire banking sector in the province has supported 52 customers, the loan turnover with interest rate support is VND 2,656 billion, the outstanding debt with interest rate support is VND 536 billion, the amount of interest supported for customers is VND 11.2 billion. The 2% interest rate support program ended on December 31, 2023.

On December 12, 2022, at the dialogue between Hai Duong provincial leaders and businessmen, representatives of many businesses proposed many contents related to bank credit such as efforts to disburse the credit package supporting 2% interest rate, reducing interest rates, debt extension...

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Source: https://baohaiduong.vn/hai-duong-da-trien-khai-nhieu-chinh-sach-tin-dung-ho-tro-doanh-nghiep-399752.html