blue-check Information about policies on loan interest exemption, reduction amid Covid-19

Official letter No. 6224/NHNN-TD dated August 31st, 2021 of the State Bank of Vietnam regarding policies on loan interest exemption, reduction
Posted: 16/9/2021 10:12:50 AM | Latest updated: 22/9/2021 7:47:46 AM (GMT+7) | LuatVietnam: 5293 | Vietlaw: 528

The State Bank of Vietnam (SBV) said that it has promulgated Circular No. 01/2020/TT-NHNNstatus2 and Circular No. 03/2021/TT-NHNNstatus2 on debt rescheduling, loan interest exemption or reduction, etc. applicable to clients affected by the Covid-19 pandemic.

Accordingly, clients that have loans meeting the conditions regulated at Article 4 and Article 5 of Circular No. 01/2020/TT-NHNNstatus2 (which has been amended, supplemented by Circular No. 03/2021/TT-NHNNstatus2 ) shall be considered to be entitled to debt rescheduling, loan interest exemption or reduction. However, competence to make specific decisions belongs to credit institutions based on their balance of finance capacity.

Currently, there are 16 banks that committed to reduce loan interest rate up to 1%/year in the last 5 months of 2021 for clients affected by Covid-19, including Viettinbank, Vietcombank, Agribank, BIDV, MB, Lien Viet Post Bank, TPBank, VIB, ACB, Seabank, SHB, HDBank, MSB, VPBank, Techcombank, and Sacombank.

In addition, at the beginning of August 2021, the SBV also actively requested 4 State commercial banks, including VCB, Agribank, BIDV, and Viettinbank to further committing on reduction in interest rate and reduction in charges/fees of banking services in provinces/cities that are implementing social distancing under Directive No. 16/CT-TTg .

Ms Phuong Thao (
Please tag when reposting this article

Related documents

Penalty document



Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 528

Files attachment

enflag pdficon CV6224-31082021NHNN[VLO].pdf


No data


blue-check Conditions for provision of interest rate support for loans for socio-economic recovery and development
blue-check Enterprises shall be subsidized interests up to 2%/year of loan
blue-check Forms of provision of interest rate support for enterprises
blue-check Eligibility requirements for loan and loan limit for private pre-schools affected by Covid-19
blue-check Credit policies for enterprises and the people in mountainous regions
blue-check In 2022-2023 period enterprises shall be provided 2% of interest rate support upon borrowing loans for business and production recovery
blue-check Interest rate applicable to concessional housing loans in 2022 is 4.8%
blue-check From October 1st, 2021 to December 31st, 2021: Interest rates applicable to loans granted under policy credit programs shall be reduced by 10%
blue-check Amendments to policies on debt rescheduling, reduction and exemption of interest for borrowers affected by Covid-19
blue-check Information about policies on loan interest exemption, reduction amid Covid-19
blue-check New regulations on classification of debts, setting up of risk provisions at banks
blue-check Regulations on refinancing loans granted to Vietnam Bank for Social Policies (for implementing polices to support employees and employers affected by Covid-19 pandemic)
blue-check Conditions for borrowing loans from banks to pay wages amid Covid-19
red-check New regulations on provision of special loans for banks placed under special control
blue-check [Merged] - Policy on exemption and reduction in loan interests to assist borrowers affected by Covid-19 pandemic
red-check Amendments to conditions for exemption or reduction of interest and fees to assist borrowers affected by Covid-19 pandemic
blue-check Projects entitled to preferential lending from the National Technology Innovation Foundation
blue-check Regulations on treatment of risks arising from loans provided for SMEs
blue-check Regarding withholding tax on expenses paid for hiring consultation on borrowing foreign loans
blue-check Banks are required to reduce loan interest rates for flood-hit clients