Five commercial banks will provide more than 2.37 trillion VND (111.22million USD) in loans for five agricultural producers to expand theiractivities in the time ahead, especially the application of advancedtechnologies in agricultural production.
To this effect, loancontracts were signed in Hanoi on July 2 as the second part of apilot credit programme launched by the Government which aims toencourage domestic agricultural producers to apply modern technologiesin their production.
Under the programme, the maximuminterest rate for short-term loans is 7 percent a year, while those formedium-and long-term loans are 10 percent and 10.5 percent,respectively.
Among the beneficiaries, Hung Ca Co., Ltd, oneof the tra fish exporters in the Mekong Delta, will receive the largestbank loan of 1.407 trillion VND (66.03 million USD). It is followed byAgrimex Nghe An Joint Stock Company, with 494.49 billion VND (23.2million USD) and Can Tho city’s Trung An rice producer, with 284 billionVND (13.32 million USD).
Truong Hoang Trade and Service Co.,Ltd in the Central Highland province of Lam Dong will be provided with80 billion VND (3.75 million USD), and Cuong Tan rice producer based innorthern Nam Dinh province, 75 billion VND (3.51 million USD).
In addition, the Bac A Commercial Joint Stock Bank will sign acontract to serve as an investment consultant for the Nghe An-based THMilk Joint Stock Company.
On May 29, the programme’s firstfour enterprises, all based in southern An Giang province, reached loanstotaling 350 billion VND (16.42 million USD).-VNA
To this effect, loancontracts were signed in Hanoi on July 2 as the second part of apilot credit programme launched by the Government which aims toencourage domestic agricultural producers to apply modern technologiesin their production.
Under the programme, the maximuminterest rate for short-term loans is 7 percent a year, while those formedium-and long-term loans are 10 percent and 10.5 percent,respectively.
Among the beneficiaries, Hung Ca Co., Ltd, oneof the tra fish exporters in the Mekong Delta, will receive the largestbank loan of 1.407 trillion VND (66.03 million USD). It is followed byAgrimex Nghe An Joint Stock Company, with 494.49 billion VND (23.2million USD) and Can Tho city’s Trung An rice producer, with 284 billionVND (13.32 million USD).
Truong Hoang Trade and Service Co.,Ltd in the Central Highland province of Lam Dong will be provided with80 billion VND (3.75 million USD), and Cuong Tan rice producer based innorthern Nam Dinh province, 75 billion VND (3.51 million USD).
In addition, the Bac A Commercial Joint Stock Bank will sign acontract to serve as an investment consultant for the Nghe An-based THMilk Joint Stock Company.
On May 29, the programme’s firstfour enterprises, all based in southern An Giang province, reached loanstotaling 350 billion VND (16.42 million USD).-VNA
