(vasep.com.vn) In August 20th 2012, the State Bank of Vietnam (SBV) issued the official letter No. 5294/NHNN-TD on preferential loans for livestock, pork, poultry and pangasius processing.
Accordingly, the SBV asked five commercial banks such as the Vietnam Bank for Agriculture and Rural Development (Agribank), the Bank for Investment and Development of Vietnam (BIDV), Vietnam Bank for Industry and Trade (Vietinbank), the Bank for Foreign Trade of Vietnam (Vietcombank), and Mekong Housing Development Bank (MHB) to allocate preferential loans for households, farms, cooperatives and enterprises to develop husbandry, livestock slaughtering for freezing, pork and fowl processing, pangasius breeding and processing for export.
The banks are asked urgently to review and reevaluate existing loans as of August 15th, 2012, reduce interest rates for existing loans. Besides, banks must continue providing new loans for customers with effective production and business plans with an interest rate of maximum 11 percent per annum.
KT