The House Development Bank (HDBank) has decided to provide preferential loans for those who take part in rice production and business in large-scale rice field projects in the Mekong Delta.
According to a cooperation contract signed between HDBank and the Vietnam Southern Food Corporation (Vinafood 2) in Ho Chi Minh City on January 7, rice-growing households and businesses operating in rice processing and trading will access the bank’s loans via Vinafood 2.
The move is expected to help reduce cost price of rice and stabilise rice market.
Nguyen Huu Dang, HDbank’s General Director, stressed the region’s role in ensuring national food security, saying that he hopes the cooperation between his bank and Vinafood 2 will contribute to improving agricultural production and distribution value chain.
The region, which is the nation’s largest granary, currently has a large-scale rice field area of around 100,000 hectares.
T he large-scale rice field area in the Mekong Delta will be expanded to 800,000 hectares by 2020, equal to 20 percent of the annual rice-production area of the region, with an output of 4.5 million tonnes of brown rice, according to Vinafood 2. -VNA
According to a cooperation contract signed between HDBank and the Vietnam Southern Food Corporation (Vinafood 2) in Ho Chi Minh City on January 7, rice-growing households and businesses operating in rice processing and trading will access the bank’s loans via Vinafood 2.
The move is expected to help reduce cost price of rice and stabilise rice market.
Nguyen Huu Dang, HDbank’s General Director, stressed the region’s role in ensuring national food security, saying that he hopes the cooperation between his bank and Vinafood 2 will contribute to improving agricultural production and distribution value chain.
The region, which is the nation’s largest granary, currently has a large-scale rice field area of around 100,000 hectares.
T he large-scale rice field area in the Mekong Delta will be expanded to 800,000 hectares by 2020, equal to 20 percent of the annual rice-production area of the region, with an output of 4.5 million tonnes of brown rice, according to Vinafood 2. -VNA
