The State Bank of Việt Nam (SBV) is considering a plan to grant commercial banks the ability to extend debt repayment periods by up to one year for borrowers impacted by Typhoon Yagi.
Borrowers will be the beneficiary of a newly-issued State Bank of Vietnam (SBV) circular on extending debt rescheduling as it helps them to keep cash flows stable, experts said.
The State Bank of Viet Nam (SBV) has decided to extend a policy allowing commercial banks to keep debt classifications for COVID-19 affected borrowers unchanged to help customers access bank loans.
The National Credit Information Centre of Viet Nam (CIC) and the State Bank of Viet Nam (SBV) officially launched a portal connecting borrowers and credit institutions on Friday.
A representative of the State Bank of Viet Nam has confirmed that
individuals can borrow money from banks without any limit if they fulfil
the banks'' requirements.