Dear Value Clients,
In order to contribute to addressing the difficulties in the economy as well as facilitate you to access new financing sources for production and business, BPCE IOM – Ho Chi Minh City Branch (hereinafter referred to as the “Bank”) would like to inform you of the policy of debt repayment restructuring and debt classification retention as below.
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Related regulation |
Circular 02/2023/TT-NHNN dated 23 April 2023 of the State Bank of Vietnam |
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Eligibility |
A qualified debt must meet the following conditions: 1. Principal incurred prior to 24 April 2023 and from lending; 2. Principal and/or interest repayment schedule due from 24 April 2023 to 30 June 2024; 3. The debt not yet due or overdue up to 10 (ten) days from the repayment due date, repayment schedule; 4. Assessed by the Bank that the reason for failing to timely repay the scheduled principal and/or interest is from a decrease in actual revenue compared to that in the principal and/or interest repayment plan; and 5. Assessed by the Branch that the Value Client is able to fully repay principal and/or interest in line with the restructured repayment schedule. |
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Exclusions |
Debts of legal violation |
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Deadline for review |
By the end of 30 June 2024. |
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Duration of debt restructuring |
Subject to actual issues of the Value Client, but in no case to exceed 12 months from the due date of the debt to be restructured. |
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Required documents |
Please contact BPCE IOM – HCMC for more information. |
Please contact the Customer Contact Manager when you need more information and support.
Thank you.