Banks to assist farmers

by VTV404 May 2017 Last updated at 16:23 PM

VTV.vn - The State Bank of Vietnam has recently requested credit institutions across Vietnam offer preferential policies and financial support for the agricultural sector within their abilities.

 

 

Specifically, the banks have been asked to revise loan payment deadlines and loosen policies for husbandry businesses and households. Experts believe that banks' move to reduce interest and penalty rates and introduce lenient policies can help farmers recover quickly and boost productivity.

So far, Lien Viet Post Bank has responded with a preferential loan package of 22 million USD for frozen meat manufacturers and farming households. Kien Long Bank has also reduced interest rates by 30% for clients using the bank's credit for hog husbandry.

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