Particularly, the Bac Giang branch of Social Policy Bank temporarily pauses loan interest collection from customers from now until December 31, 2024.

Staff of the Transaction Office of the Social Policy Bank of Lang Giang district review and disburse loans to policy beneficiaries.

Accordingly, the Provincial Social Policy Bank requires the Transaction Offices of the local Social Policy Bank to direct credit officers in charge of the area to coordinate with the People's Committees at the commune level; socio-political organizations; village and hamlet heads; heads of residential groups, savings and loan groups to urgently review customers who are borrowing capital affected by storm No. 3 to serve as a basis for not collecting interest.

Customers who suffer damage to capital and assets related to the investment object from the loan capital will prepare a risk handling file then receive additional loans to quickly restore production and business.

The bank will extend the debt and adjust the debt term for loans due from September 2024. The maximum extension period is usually 12 months for short-term loans; the maximum is halfl of the loan term for medium and long-term loans.

Up to now, the Provincial Social Policy Bank has more than 110,000 customers borrowing capital with a total outstanding debt of more than 7.4 trillion VND.

Several banks like Bac Giang Branch and Bac Giang II Branch of Agriculture and Rural Development Bank are also implementing a policy of reducing interest rates for customers affected by the storm who have outstanding loans and new borrowers.

Accordingly, customers with outstanding loans will have their interest rates reduced by 0.5-2% per year from September 6 to December 31, 2024. New borrowers will have their interest rates reduced by 0.5% per year for loans starting from September 6 to December 31, 2024, with a maximum interest rate reduction period of 6 months.

Vice President of the Vietnam General Confederation of Labor supports Bac Giang province to overcome the consequences of storm No. 3.

BAC GIANG - On the morning of September 15, Huynh Thanh Xuan, Vice President of the Vietnam General Confederation of Labor (VGCL) visited, encouraged and presented funds to support union members and workers in Bac Giang province who suffered losses due to storm No. 3. 

Vice Chairman of Lam Dong Provincial People's Committee visits and supports Bac Giang province to overcome storm No. 3’s aftermath

BAC GIANG - On September 14, a working delegation from Lam Dong province led by Pham S, Vice Chairman of the Provincial People's Committee, visited Bac Giang province to encourage and support people affected by storm No. 3.

UNDP supports Typhoon-Yagi-affected communities in Vietnam

On September 13, the United Nations Development Programme (UNDP) handed 700 gender- and disability-sensitive household kits to Vietnam’s Ministry of Agriculture and Rural Development (MARD) to support communities in the northern mountainous province of Yen Bai, which has been severely affected by Typhoon Yagi.

US supports Vietnam in developing semiconductor workforce

By investing in human resource development and public policy, Vietnam aims to strengthen the Southeast Asian nation’s position as a key player in the global semiconductor supply chain.

Kind hearts support for flood-hit areas

BAC GIANG- Typhoon Yagi has triggered widespread floods, isolated many localities, caused loss of life and assets in northern province of Bac Giang. Many organizations, units and individuals have joined hands with the entire political system to implement a number of voluntary activities towards the flood-hit areas to share difficulties with local people.

Japan pledges support for Vietnam following Typhoon Yagi

Deputy Minister of Foreign Affairs Pham Thanh Binh hosted a reception in Hanoi on September 11 for Japanese Ambassador to Vietnam Ito Naoki, who delivered a message of sympathy from Japanese Prime Minister Kishida Fumio to his Vietnamese counterpart Pham Minh Chinh regarding the recent impact of Typhoon Yagi.