Over 45,300 billion of outstanding loans are exempted from interest or interest rate deducted

Of which, 93 enterprises are permitted to change the repayment maturity in accordance to Circular 01/2020/TT-NHNN with outstanding loans of 1,577 billion VND; 1,424 businesses are exempted or reduced interest rates for outstanding loans of 21,446 billion VND...

Previously, the State Bank of Vietnam have amended and supplemented a number of articles of Circular 01/2020/TT-NHNN providing for credit institutions and foreign bank branches to restructure the repayment maturity, to exempt and reduce interest and fee amounts, to keep the debt categories in order to support customers affected by Covid-19 epidemic. Accordingly, the duration for debt extension, interest exemption and reduction are all longer.

HA KIEN