Sacombank on July 23 donated VND30 billion (US$1.3 million) to the Vietnam Fatherland Front Committee of Long An Province to support people affected by the COVID-19 pandemic.

Also in July, Sacombank donated 15,000 COVID-19 quick test kits worth more than VND2 billion ($86,975) to the Centre for Disease Control of HCM City, 132,000 N95 medical face masks worth nearly VND1.3 billion to a number of agencies, hospitals, People's Committees, and the Vietnam Fatherland Front Committee of HCM City, VND1billion to the People's Committee of Go Vap District to buy equipment to serve the vaccination campaign, and VND200 million to the Vietnam Fatherland Front Committee of District 3 to prevent the epidemic.

Previously, Sacombank contributed VND10 billion ($434,864) to the national COVID-19 vaccine fund set up by the Prime Minister and has set aside another VND10 billion to support organisations such as the Vietnam Fatherland Front Committee, Department of Health, Labour Confederation and Red Cross Society in provinces and cities across the country.

Sacombank has cut interest rates by one percentage point on existing loans for both corporate and individual customers in industries directly affected by the COVID-19 pandemic such as tourism, travel, transportation, restaurant - hotel - resort, education, and healthcare.

It continues to reduce or waive services fees, restructure debts and reduce the lending interest rate.

Sacombank has also earmarked VND10 trillion for preferential loans to corporate customers at interest rates starting at 4 per cent for a maximum term of six months to help exporters and other businesses overcome the difficulties caused by the pandemic. — VNS

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