Continue to exempt and reduce loan interest for customers affected by COVID-19

Continue to exempt and reduce loan interest for customers affected by COVID-19 (Artwork)

Specifically, on monetary policy, the Resolution states:

- Synchronously and flexibly administer monetary policy tools to contribute to maintaining macroeconomic stability, controlling inflation, ensuring the safety of the credit institution system, actively supporting the financial services sector. socio-economic recovery and development; research to stabilize the maximum ratio of short-term capital for medium and long-term loans, reasonably calculate the required reserve ratio, perform open market operations, refinance, and direct credit institutions continue to reduce operating costs to strive to reduce lending interest rates by 0.5% - 1% in 2022 and 2023, especially for priority sectors;

- Continue to restructure the repayment period and keep the debt group unchanged, exempt and reduce loan interest for customers affected by the COVID-19 epidemic , closely monitor economic and monetary market developments for solutions. appropriate support for businesses and people, and at the same time ensure the safe operation of the system of credit institutions;

- Regulating liquidity appropriately, creating conditions to speed up disbursement for beneficiaries of interest rate support package;

- Reasonable monetary regulation, closely coordinating with fiscal policy, creating favorable conditions for the issuance of Government bonds and for credit institutions to continue investing in Government bonds;

- Use up to 46 trillion VND from other legal financial sources to import vaccines, therapeutic drugs and medical equipment and supplies for COVID-19 prevention and control in case of necessity;

- Continue to refinance the Bank for Social Policies to lend to employers to pay wages for work stoppage, pay wages to restore production to employees , ensure feasibility and organize quick implementation in the future. reality. Balance the monetary solution to support the Program with the overall plan to restructure specially controlled banks.

In addition, the Resolution also clarifies policies to support businesses, cooperatives and business households, specifically: Interest rate support (2%/year) up to VND 40 trillion through the system of commercial banks. trade for a number of important industries and fields, enterprises, cooperatives, and business households that are able to repay debts and recover; loans to renovate old apartments, build social houses, houses for workers to buy, rent and hire-purchase.

See more policies in Resolution 43/2022/QH15 , effective from January 11, 2022 to December 31, 2023.

Jewel

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