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Banks to make provisions for COVID-19 affected loans this year 10:04 | 24/01/2021 Illustrative image (Photo: Zing.vn) Hanoi - Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV). Last year, the central bank issued Circular 01/2020/TT-NHNN, allowing banks to avoid making the provisions in 2020 to support banks and borrowers affected by the pandemic. According to SBV Deputy Governor Dao Minh Tu, the amended circular, which is expected to be issued this month, will support businesses and people with loans, creating conditions for businesses to recover quickly.

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