Long An receives 3 billion VND to support people suffering from drought and salty damage from the Vietnam Trade Union Bank

Under the authorization from the Vietnam Trade Union Bank, the Director of the Vietnam State Bank of Long An branch - Dao Van Nghiep presented a symbolic table of the support amount to the Vice Chairman of the Provincial People's Committee - Pham Van Canh

At the end-point bridge of the Vietnam State Bank, Standing Deputy Director of the State Bank - Dao Minh Tu. At the end-point bridge of Long An province, Vice Chairman of the Provincial People's Committee - Pham Van Canh, Vice Chairman of the provincial Fatherland Front Committee - Pham Ngoc Tiep, Director of the Vietnam State Bank of Long An branch - Dao Van Nghiep, representatives of some credit institutions in the province  attended the conference.

According to the Standing Deputy Director of the State Bank of Vietnam - Dao Minh Tu, the drought and saltwater intrusion lasting from December 2019 until now affects the production and business activities and life of people in many provinces in Mekong River Delta. In which, 5 provinces were most damaged including Ben Tre, Tien Giang, Long An, Ca Mau and Kien Giang. The meeting aimed at assessing the damage and difficulties and giving urgent solutions on credit, banks to support businesses and people.

In the Mekong Delta region, the total outstanding loans of credit institutions reached over 571,000,000 billion VND, an increase of over 14 percent per year. Of which, Long An has a loan balance of over 74,000 billion VND and a loan balance of rural agriculture over 51 percent.

Due to drought and saline intrusion, Long An has about 40,000 hectares of rice, over 1,200 hectares of dragon fruit, 6,500 hectares of lemon is affected by lack of fresh water for irrigation, productivity decreases. In addition, over 10,000 households in the lowland districts of the region lack water for daily use.

Representatives of five provinces in the Mekong Delta shared that they are suffering from the effects of drought, saline intrusion and the Covid-19 epidemic. Due to drought, saline intrusion, many activities of production, processing, aquaculture, fruit trees are greatly affected such as lack of water for production, irrigation and daily use in life. At the same time, the covid-19 epidemic caused many businesses affected by foreign partners to suspend contracts.

Vice Chairman of Long An Provincial People's Committee - Pham Van Canh speaks at the meeting

Representatives of the leaders of the five damaged provinces have the same proposal to the State Bank of Vietnam, credit institutions need to increase capital for the loan program for rural clean water and sanitation; ensure plans and capital for people and businesses to reproduce loans after drought, saline intrusion and Covid-19 disease; specific instructions should be directed to credit institutions to restructure debt reduction and rescheduling synchronously in each area for each loan of enterprises and people in order to reduce difficulties.

Trade Union of Vietnam State Bank organizes to give to the above 5 localities with 3 billion VND each to support the people. Funds for the implementation of this program are mobilized by the Vietnam Trade Union Union of all cadres, workers, employees in the whole industry to contribute 1 day's salary.

In Long An, the above amount will be purchased 1,500 plastic containers of 300 liter water (estimated at 1.5 billion VND) and 15 saltwater purifiers into domestic water, with a minimum capacity of 150 liters per hour (estimated 1.5 billion VND). Accordingly, plastic containers containing water will be purchased by the Trade Union of Vietnam State Bank and transferred to localities. Particularly for water filters, the State Bank Branch of Long An Province proactively finds the supply and installation units in localities to serve the people.

Standing Deputy Director of the Vietnam State Bank - Dao Minh Tu said that they continued to direct branches and transaction offices to actively grasp the situation of production and business, the extent of damage of customers who are borrowing capital due to the influence. of drought and saltwater intrusion to timely support and remove difficulties according to the regulations on credit policies for agricultural and rural development and other relevant law provisions; proactively guide and support people in the process of handling requests to remove loan difficulties as prescribed.

As for the Social Policy Bank, priority should be given to ensure that the capital sources for lending under policy credit programs for poor households and other policy beneficiaries are specified in the Mekong River Delta region; actively coordinating with stakeholders in the implementation of clean water and rural environmental sanitation projects to accelerate disbursement according to the construction schedule, quickly putting these works into use, especially in areas affected by drought and saline intrusion.

Directing branches and transaction offices to coordinate with related units in reviewing and identifying the situation and damage of credit capital due to drought and saltwater intrusion in the Mekong River Delta provinces for handling measures timely.

At the same time, the Vietnam State Bank also continues to direct credit institutions to create conditions for mechanisms and procedures for businesses and people to access credit packages for projects in service of sustainable development. The Mekong River Delta is adapting to climate change, especially projects on restructuring agricultural production towards sustainability, projects of water storage, salinity control, freshwater maintenance, urban and rural water supply./.

By Mai Huong – Translated by Duc Tam

Source: http://baolongan.vn/long-an-tiep-nhan-3-ti-dong-ho-tro-nguoi-dan-thiet-hai-do-han-man-tu-cong-doan-ngan-hang-viet-nam-a92311.html