Agribank musters up loans for Mekong Delta
The Vietnam Bank for Agriculture and Rural Development (Agribank) plans
to muster up its loans for the key economic region of Mekong Delta.
The Vietnam Bank for Agriculture and Rural Development (Agribank) plans
to muster up its loans for the key economic region of Mekong Delta.
Pham Hong Son, head of the bank’s customers division, said that Agribank will pour cash into the region, a large market that is yet to be fully tapped, with a view to boosting its economic growth.
Despite difficulties, Agribank loans given to the delta have increased from 84,960 billion VND (4 billion USD) from 74.3 trillion VND (3.5 billion USD) in 2012 to 85 trillion VND (4.07 billion USD. The amount in the first nine months of this year was 86.6 trillion VND (4.1 billion USD), accounting for 15.48 percent of the country’s total loan.
Areas that see the largest amount of loans are agriculture, aquaculture, retail and whole sales, import-export and production industry.
Agribank’s customers in the region now number 886,780, making up 24.34 percent of the bank’s total in the country, Son said.
In order to make this capital effective, he suggested the Government and the State Bank provide state-owned and private enterprises with an equal access to loans and facilitate their settlement of loan-related issues while launching policies to support training and stabilise the export price of agricultural products.
The State should create conditions for small- and medium-sized enterprises to dominate the domestic market, he added.-VNA
Pham Hong Son, head of the bank’s customers division, said that Agribank will pour cash into the region, a large market that is yet to be fully tapped, with a view to boosting its economic growth.
Despite difficulties, Agribank loans given to the delta have increased from 84,960 billion VND (4 billion USD) from 74.3 trillion VND (3.5 billion USD) in 2012 to 85 trillion VND (4.07 billion USD. The amount in the first nine months of this year was 86.6 trillion VND (4.1 billion USD), accounting for 15.48 percent of the country’s total loan.
Areas that see the largest amount of loans are agriculture, aquaculture, retail and whole sales, import-export and production industry.
Agribank’s customers in the region now number 886,780, making up 24.34 percent of the bank’s total in the country, Son said.
In order to make this capital effective, he suggested the Government and the State Bank provide state-owned and private enterprises with an equal access to loans and facilitate their settlement of loan-related issues while launching policies to support training and stabilise the export price of agricultural products.
The State should create conditions for small- and medium-sized enterprises to dominate the domestic market, he added.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
