SBV urges banks to help rice farmers with loans
The State Bank of Vietnam promised that farmers and firms will be given suitable loans for rice production in the Mekong Delta.
Dao Minh Tu, deputy governor of the SBV asked banks to actively connect with firms to ask about their difficulties and have suitable solutions such as delay payment deadlines or offer new loans or increase credit limits for businesses in order to prevent rice prices from falling.
They were also asked to work with provincial authorities to better deal with the situation.
Many banks at the conference such as Agribank, Vietcombank and Sacombank committed to providing enough fund for rice production, sale and promotion. Nghiem Xuan Thanh, chairman of Vietcombank, said they would add over VND9trn to the fund for rice farmers and businesses.
Several experts said in order to maintain a sustainable development for rice sector, the government needs synchronized solutions to review the number of rice fields and regularly publicise market information, forecast consumption and prices to adopt suitable policies for the market.
The SBV promised that farmers and firms will be given suitable loans for rice production
Dao Minh Tu, deputy governor of the SBV asked banks to actively connect with firms to ask about their difficulties and have suitable solutions such as delay payment deadlines or offer new loans or increase credit limits for businesses in order to prevent rice prices from falling.
They were also asked to work with provincial authorities to better deal with the situation.
Many banks at the conference such as Agribank, Vietcombank and Sacombank committed to providing enough fund for rice production, sale and promotion. Nghiem Xuan Thanh, chairman of Vietcombank, said they would add over VND9trn to the fund for rice farmers and businesses.
Several experts said in order to maintain a sustainable development for rice sector, the government needs synchronized solutions to review the number of rice fields and regularly publicise market information, forecast consumption and prices to adopt suitable policies for the market.
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