Capital is one of the most important factors determining the success or failure of a business. Recently, the disease of Covid 19 has seriously affected the production and business activities of enterprises. Facing this situation, the government has had a policy of capital support to help businesses overcome this difficult period. In the framework of the following article, the lawyer would like to share about “Policy on capital support for businesses affected by Covid disease 19”.

Vốn doanh nghiệp (Capital) là gì? Phân loại

Firstly, about the content of support:
On February 14, 2020, the Government issued Resolution No. 11 / NQ-CP on the Government’s regular meeting of January 2020, which assigned the State Bank of Vietnam “to direct credit institutions to implement rescheduling loan repayment, exemption and reduction of interest rates, keeping the same group of loans, making new loans to stabilize production and business, supporting and removing difficulties for businesses and people who borrow capital damaged by the impact. of nCoV disease ”.
On March 4, 2020, the Prime Minister issued Directive No. 11 / CT-TTg on urgent tasks and solutions to remove difficulties for production and business, ensuring social security to cope with epidemics. Covid-19. In which, the Prime Minister assigned the State Bank of Vietnam “Directly guide and guide credit institutions to balance, fully and promptly meet the capital demand for production and business activities, speeding up the improvement.” administrative procedures, shorten the time to review loan applications, improve access to loans of customers; promptly apply supportive measures such as rescheduling, paying interest rate reduction, keeping the debt group, reducing fees … for customers who are in difficulties due to the effects of Covid-19 epidemic. (firstly the credit support package is about VND 250 trillion) ”.
In line with the direction of the Government and the Prime Minister, banks have in turn announced credit packages to support businesses in the Covid epidemic, focusing primarily on reducing lending rates and simplicity. bank lending procedures. The total support packages announced by the banks so far are about 285,000 billion dong and the preferential lending interest rates to support businesses affected by the COVID-19 epidemic are from 0.5% to the highest of 2%. compared to market interest rates.
For example:
BIDV Bank:
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) announced a short-term credit package of 20,000 billion VND and 100 million USD for businesses with outstanding loans for production and business activities in the fields of affected by Covid-19. Specifically, BIDV will reduce the minimum lending interest rate of 1% per annum for loans in VND and 0.5% per annum with USD loans compared to the same term loan interest rates applicable to customers at nearest time, ensuring no lower than the lending interest rate floor of BIDV in each period. The credit package will be deployed from February 21 to June 30, 2020 (or until the end of the package size).
In addition, from February 14, 2020, BIDV has a credit package of VND 5,000 billion for individual customers with outstanding loans for production and business activities in the fields affected by Covid-19 epidemic.
SHB Bank:
On February 25, 2020, SHB Bank announced a credit package of VND 3,000 billion. Accordingly, from February 25, 2020 to June 30, 2020, SHB will support interest rate reductions of up to 1.5% per annum compared to normal lending rates for loans in VND and 0, 5% / year for USD loans.
Second, the legal basis
Resolution No. 11 / NQ-CP dated February 14, 2020 of the Government on the Government’s regular meeting of January 2020;
Directive No. 11 / CT-TTg of March 4, 2020 of the Prime Minister on urgent tasks and solutions to remove difficulties for production and business, ensure social security in response to Covid- 19.
Above is the advice of a lawyer on some policies to support government capital for businesses. If you have any questions, please contact us at hotline 0982.466.166 or email for assistance. Are looking forward to cooperate!

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