Outstanding loans in Vietnam exceeded 8.79 quadrillion VND (378.74 billion USD) as of November 17, an increase of 7.26 percent from the end of 2019, according to the State Bank of Vietnam (SBV).
Illustrative photo (Source: VNA)
Under its Circular No 01/2020, lenders had restructured repayment deadlines for loans worth over 341.85 trillion VND as of November 9, taken out by nearly 270,200 borrowers affected by COVID-19.
Interest rates have been waived and reduced for over 552,700 borrowers with total outstanding loans of more than 931 trillion VND.
More than 2.017 quadrillion VND worth of new loans has been provided to close to 356,400 customers since January 23, the central bank said.
The SBV has requested local credit institutions urgently compile records of borrowers hit by flooding in the central and Central Highlands regions during October and November, in order to help them overcome any financial difficulties./.