VietABank contributes to hi-tech agriculture development
VietABank has offered a preferential loan totalling 500 billion VND (22 million USD) to support businesses in hi-tech agriculture.
Transactions at VietA Bank in Hanoi. (Photo: VietA Bank)Hanoi (VNA) - VietABank has offered a preferential
loan totalling 500 billion VND (22 million USD) to support businesses in
hi-tech agriculture.
Companies, households and agricultural production units could be given loans to invest in agricultural machines and equipment, expand production scale, buy fertilisers or spend on irrigation, harvesting and plant protection products.
Preferential credit will be applied in the 2017-20 period.
VietABank has also offered a 1.5 trillion VND preferential loan to startups including firms in hi-tech agriculture.
With the two loan packages of 2 trillion VND, the bank is expected to share businesses’ difficulties and support the Government in promoting startup activities.
Earlier, the bank also introduced its preferential policies for companies entering the agricultural sector.
Local enterprises have faced difficulties relating to land funding, technology and capital.
Statistics showed that the number of businesses in agriculture has been modest, with only 4,000 out of 600,000 firms operating in the sector.
Le Xuan Vu, VietABank’s general director, said the bank had focused on developing agricultural value and technological value chains.
In addition, the bank introduced many loans with preferential interest rates over a period of several years to support businesses.
The bank would build many suitable products and programmes to strengthen its commitment to further support firms. — VNA
Companies, households and agricultural production units could be given loans to invest in agricultural machines and equipment, expand production scale, buy fertilisers or spend on irrigation, harvesting and plant protection products.
Preferential credit will be applied in the 2017-20 period.
VietABank has also offered a 1.5 trillion VND preferential loan to startups including firms in hi-tech agriculture.
With the two loan packages of 2 trillion VND, the bank is expected to share businesses’ difficulties and support the Government in promoting startup activities.
Earlier, the bank also introduced its preferential policies for companies entering the agricultural sector.
Local enterprises have faced difficulties relating to land funding, technology and capital.
Statistics showed that the number of businesses in agriculture has been modest, with only 4,000 out of 600,000 firms operating in the sector.
Le Xuan Vu, VietABank’s general director, said the bank had focused on developing agricultural value and technological value chains.
In addition, the bank introduced many loans with preferential interest rates over a period of several years to support businesses.
The bank would build many suitable products and programmes to strengthen its commitment to further support firms. — 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
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
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.
