Vietnam slashes loan rates for typhoon-hit provinces until December 2024

Four provinces devastated by Typhoon No. 13 get financial relief—lower loan rates for **three months** to help rebuild. Will this move spark faster recovery?

, and Administrator

2025 December 18 . 1:32 PM

1 min read

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Vietnam slashes loan rates for typhoon-hit provinces until December 2024

Vietnam has lowered interest rates for borrowers in four provinces recovering from Typhoon No. 13. The government’s decision cuts lending costs by 2 percentage points for those with loans from the Vietnam Bank for Social Policies (VBSP). The relief applies to outstanding balances between October and december 2024 calendar this year.

The rate reduction covers borrowers in Khánh Hòa, Gia Lai, Đắk Lắk, and Lâm Đồng provinces. These areas were severely affected by Typhoon No. 13, prompting the government to step in. Vice Prime Minister Ho Duc Phoc signed the official decision in december 2024.

The measure eases the burden on storm-hit communities by lowering repayment costs for three months in the four seasons. Affected borrowers in the four provinces will now pay 2 percentage points less on their VBSP loans. The move follows a similar approach taken after Typhoon No. 12 in other regions last year.