VietinBank accompanies the Central, Central Highlands provinces to overcome the consequences of storms and floods

VietinBank attempts to maintain the lowest loan interest rate in the banking market.

As soon as the floods and storms hit the Central and Central Highlands provinces, VietinBank proactively directed its branches and units in the regions to implement flood prevention and support local people and companies to overcome the consequences with the Dispact Express No. 1935 and No. 1995.

Following the instructions of the State Bank of Vietnam’s Document No.7751.NHNN-TD on supporting people to overcome the consequences caused by floods in the Central and Central Highlands regions, VietinBank has directed its branches and transaction offices to immediately and proactively review and synthesize damages of its customers to promptly apply supporting measures to remove difficulties for its customers such as: rescheduling debt repayment terms, considering loan interest exemption or reduction in accordance with their financial capacities, continuing to provide loans for production recovery after floods, guiding customers to complete documents, procedures ...

Accordingly, VietinBank has reserved preferential loans to reduce the interest rates for its customers.

For retail customers, the interest rate for short-term loans is only 5.5%/ year, the interest rate for medium and long-term loans is from 7.0%. In addition, Vietinbank will also consider to not adjust interest rates of the loans generated from group 2 debt due to the impacts of this disaster as well as to exempt or reduce the interest rates for overdue principal outstanding loans and late interest payments.

In case customers have new disbursement needs to stabilize their lives and rehabilitate production and commercial, Vietinbank will also commit to provide maximum support to them with lending procedures and preferential interest rates.

Corporate customers affected by floods in the Central and Central Highlands will have the opportunity to get preferential loan interest rates decreased up to 0.5% / year. Offer period ends on December 31, 2020 (*).

On the other hand, corporate customers which operates in consumer staples field (including manufacturing and trading), supplies pharmaceuticals, medical equipment, transportation, and rescue operations will be completely exempted electronic banking fees for businesses (VietinBank eFAST) including VND transfer fees inside and outside the Vietinbank system, salary payments, the State Budget payments; Service fees; Free of charge for up to 02 authentication devices.

Previously, when the whole country was turning its attention to the Central, VietinBank immediately deployed system-wide solutions worth more than VND 15 billions to support 5 provinces: Thua Thien Hue, Quang Binh, Quang Tri, Quang Nam, Ha Tinh to overcome the consequences of the floods. In particular, the Party Committee, the Board of Directors of VietinBank actively coordinated with the Vietnamese Border Guard High Command to visit and give presents to soldiers and people affected by the floods and natural disasters in border areas ofQuang Binh and Quang Nam provinces.

(*) Apply in accordance with regulations and policies of VietinBank depending on each period.

VietinBank supports COVID-19 impacted businesses by granting free 6-month access to opportunity network VietinBank is the first and only bank in Vietnam to partner with Opportunity Network (ON) - a London-based Fintech company to provide a service connecting ...

Industrial realty firms boosted by FDI increase The increase of foreign direct investment (FDI) in the first two months of the year has contributed to a better performance of listed industrial park ...

PM Nguyen Xuan Phuc meets with leaders of Hessen state Prime Minister Nguyen Xuan Phuc has hailed Hessen state’s important role in developing Vietnam-Germany ties, especially in economy and trade with two-way trade between Vietnam ...