The State Bank of Vietnam has issued an official letter directing credit institutions, foreign bank branches and its regional branches to implement support measures for people and borrowers affected by Typhoon No. 10 (Bualoi) and subsequent flooding in the specified provinces and cities. Banks are required to proactively review impacted borrowers and apply relief measures under existing rules, including restructuring repayment schedules, considering interest waivers or reductions, and extending new loans to help restore production and business activity. Debt handling for customers suffering losses on loan capital is to be carried out under the relevant government decrees on agricultural and rural credit policy and the Prime Minister’s decisions on risk debt handling at the Vietnam Bank for Social Policies; borrowers should be guided to complete the required documentation where debt treatment measures apply. State Bank of Vietnam regional branches are to act as the local focal point to drive implementation by institutions in their areas and coordinate with local authorities to propose additional support solutions. The letter calls for urgent implementation, with any difficulties beyond the competence of institutions or regional branches to be escalated to the State Bank of Vietnam for consideration and handling.
State Bank of Vietnam 2025-10-08
State Bank of Vietnam instructs banks to restructure debt and provide relief lending for Typhoon Bualoi affected customers
The State Bank of Vietnam has directed credit institutions and foreign bank branches to implement support measures for borrowers affected by Typhoon No. 10 and subsequent flooding. Relief measures include restructuring repayment schedules, interest waivers or reductions, and extending new loans. Regional branches are tasked with coordinating local implementation and proposing additional support solutions.