The Municipal People’s Committee received Official Letter 5927/NHNN-TD dated July 27, 2017 of the Viet Nam State Bank on supporting people to overcome the aftermath of tropical storm Talas. Accordingly, in an effort to help the locals cope with consequences and recover their production activities after the storm, the Viet Nam State Bank requests credit organizations to take following actions:
- Direct branches and transaction offices to proactively check and provide information about damages caused by the storm to customers who are borrowing loans; based on their capacity to pay the loans, credit organizations timely take measures to support the customers and help them ease difficulties, such as changing prompt, considering exemption or reduction of interest, offering new loans to help the customers maintain and stabilize production, while taking measures to handle debts according to the regulations;
- Increase social security and direct support for families who suffer damages caused by the storm, especially poor households, households under preferential treatment policy and ethnic minority households, thus encouraging people to overcome difficulties and recover production activities.
Branches of the State Bank in cities and provinces act as focal points to direct the credit organizations, support the people, summarize informationa about damages caused by Talas. They also cooperate with relevant agencies to act as advisor to People’s Committee at provincial level in reporting to the Prime Minister and handling debts according to regulations. From August, Branches of the State Bank in cities and provinces will submit report to the Viet Nam State Bank regularly on the 10th day of the month; the report will focus on progress of implementing measures to help people cope with the aftermath of storm Talas, and result of the measures.
In response to the document, the Municipal People’s Committee assigns Ha Noi Branch of State Bank to take following actions: directing credit organizations in the city to perform the task according to instruction of the State Bank in Official Letter 5927/NHNN-TD, and submit report according to regulations; cooperating with the Department of Agriculture and Rural Development, Department of Finance, Bank of Social Policies of Ha Noi, Ha Noi Cooperative Alliance and related units to act as advisor, and prepare draft report of the Municipal People’s Committee on handling debts for further submission to the Prime Minister. The task must be finished by September 10, 2017.