HCM CITY — A week after the State Bank of Vietnam issued Circular 14 on debt rescheduling to alleviate the difficulties faced by businesses due to the COVID-19 pandemic, many individual and corporate borrowers said they are still waiting to hear from banks.
The director of a tourism and transport company in HCM City said his company has borrowed from three banks to buy cars.
The head of a commercial bank said: “We do not know when businesses will resume production and trading activities. The bank does not have much reserves. It is very difficult to ask commercial banks to sharply reduce loan interest rates at this time.” — VNS
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