Mortage of future property now accepted in loans for farming projects

by VTV405 April 2017 Last updated at 09:27 AM

VTV.vn - The government has decided to disburse 100 trillion VND (about 4.4 billion USD) for hi-tech agriculture projects, the biggest-ever credit package that's been given in the field.

However, enterprises are lacking in collateral to apply for loans, as their properties are usually being rented. Collateral of future property is now considered the most effective solution. The credit loan package, along with the mortgage of future property and low interest rates, is showing positive signs for the growth of not only the agriculture sector but the whole economy.

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