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Updated: 2020-04-07 16:34:59

VBSP's support for customers affected by drought and saltwater intrusion in the Mekong Delta

(VBSP News) Drought and saltwater intrusion in the Mekong Delta seriously affect local agricultural production and daily life of local residents. Based on the guidance of the Governor of the State Bank of Vietnam on the implementation of supporting measures for customers damaged by the effects of drought and saltwater intrusion in the Mekong Delta region, VBSP had some urgent actions to support them overcome difficulties, stabilize production and business in a timely manner.

VBSP implemented some urgent measures to help local residents in the Mekong Delta

Promptly meeting  loan needs. We give priority to ensure stable funding for lending under policy credit programs for poor households and other policy beneficiaries as prescribed in the Mekong Delta; actively coordinate with stakeholders in the implementation of clean water and rural sanitation program to accelerate disbursement in accordance with the construction progress, quickly put these constructions into use, especially in areas affected by drought, saline intrusion.

Supporting customers in debt repayment. To grasp timely the status of business and production,  assess the level of damage and losses caused by drought and saline intrusion to borrowers, we consider adjusting the repayment term, loan extension, interest rate exemption or providing new loans to borrowers affected by drought, saltwater intrusion and covid-19 in the Mekong Delta.

Providing free of charge transfer services. As to organizations and individuals, who want to transfer money for the Central Committee of Vietnam Fatherland Front’s bank accounts in order to aid local residents in the Mekong Delta, they can use VBSP’s free of charge service for transfer.

At the end of 2019, the Mekong Delta is facing many challenges from the Covid-19 pandemic to the situation of drought and saltwater intrusion. Therefore, VBSP branches work closely with local governments to grasp the production and business situation and their damages to provide guidelines and adopt comprehensive and long term solutions in accordance with current regulations on credit policies for agricultural and rural development and other relevant laws.. The financial sources ought to be ensured to help the poor and other vulnerable populations to maintain and improve production and business activities.




Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year


Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year


Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year