Yen Bai Bank helps over 40,500 customers affected by COVID-19 pandemic

Economy

Yen Bai Bank helps over 40,500 customers affected by COVID-19 pandemic

Friday, September 3, 2021

YBO - According to the State Bank branch in Yen Bai province, outstanding loans affected by the COVID-19 epidemic as of July 31, 2021 amounted to 7,067 billion VND, accounting for 25.42 percent of the total outstanding loans in the province.

Illustrative image

Under the direction of the State Bank of Vietnam, banks in the province have removed difficulties for 7,941 customers. In which, the banks rescheduled debt payment deadlines and maintained the same debt group for 348 customers with outstanding loans of 208 billion VND; exempted, reduced interest and kept the debt classification unchanged for 135 customers with total loans of 250 billion VND.

Total new loans from January 23, 2020 to present stood at 8,218 billion VND for 7,458 customers, of whom 146 customers are businesses and cooperatives with total loan turnover of 3,849 billion VND; and 7,312 are individual customers with a loan turnover of 2,501 billion VND.

Commercial bank branches in the province have taken initiative in reducing lending interest rates for existing loans by between 0.2 percent and 2.5 percent/year for 32,594 customers, depending on the extent of customers' losses and the financial capacity of each bank branch.

Banks have lent 603 million VND to 4 enterprises to pay wages for workers who had to stop working.

Le Phien

Other news

Yen Bai Accelerates the Development and Application of Biotechnology in Environmental Protection

Development and Application of Biotechnology, Production of High-Value Biotechnology Products in Agriculture.

With the aim of advancing the development and application of biotechnology in environmental protection linked to sustainable development in the province, the People's Committee of Yen Bai has issued a plan for implementing the project on the development of biotechnology industries in environmental protection until 2030.

Strong Investment Inflow into Yen Bai in the First Quarter of 2025

Yen Bai’s unwavering efforts to improve the investment environment and create favorable conditions for business development.

Yen Bai has experienced a promising start to 2025 in the area of investment attraction. According to the latest data from the Provincial Statistics Office, the total investment capital into the province in the first quarter of 2025 is estimated to have reached VND 3,447.256 billion, marking a notable increase of 9.41% compared to the same period last year.

Yen Bai Businesses Accelerate Toward Year-End Targets

Leaders of the Department of Industry and Trade inspected the production activities of enterprises in the Southern Industrial Park.

The economy of Yen Bai Province has demonstrated remarkable growth in the early months of 2025, with Gross Regional Domestic Product (GRDP) increasing by 9.58%. Notably, the industrial sector experienced a growth rate of 13%. As 2025 is deemed the year of “acceleration and completion,” the province is determined to comprehensively achieve the goals and tasks set for the year as well as those of the 19th Provincial Party Congress Resolution.

Industrial Production Value of Yên Bái Reaches 100.89% of Double-Digit Growth Scenario Target 10,5%

Bamboo processing at Yen Thanh joint Stock Company.

In the first quarter of 2025, industrial production in Yên Bái continued to maintain a steady growth pace.

Economy