Vietcombank increases credit scale for forestry and aquatic products to 3,000 billion VND

Vietcombank increases credit scale for forestry and aquatic products to 3,000 billion VND. (Photo: Vietnam+)

Implementing the Prime Minister's direction and the State Bank's guidance document on the implementation of the credit program for the forestry and fishery sectors, in recent times, Vietcombank has actively communicated and implemented the credit program for the forestry and fishery sectors for customers across the Vietcombank system. Accordingly, as of February 2024, Vietcombank has exceeded the disbursement scale of the program.

Responding to the program implementation, Vietcombank continues to announce the implementation of a credit program for the forestry and fishery sectors with a scale doubled, reaching 3,000 billion VND.

Borrowers are legal entities and individuals with projects/plans serving production and business activities in the fields of forestry (forestry and related service activities, purchasing, consuming, exporting, processing, preserving forest products) and aquaculture (exploitation, farming, purchasing, consuming, exporting, processing, preserving aquatic products).

As a leading commercial bank in Vietnam that always proactively implements the management policies of the Government and the State Bank, Vietcombank commits to continue implementing the credit program for the forestry and fishery sectors publicly, transparently, promptly, to the right subjects and for the right purposes for customers who meet the program's conditions for the purpose of supporting people and businesses.

Especially for customers in the forestry and fishery sectors, we support customers to overcome difficulties, stabilize and maintain production and business activities, contribute to removing difficulties, supporting production and business and promoting growth drivers of the economy.

Previously, the State Bank's Deputy Governor Dao Minh Tu said that the VND15,000 billion lending program for the forestry and fishery sectors had disbursed 100% of the program's target to over 6,000 borrowers in less than a year. The State Bank continued to direct commercial banks to supplement this package with another VND15,000 billion, bringing the total to VND30,000 billion to support the production, processing and export of forestry and fishery products.

Agribank has also just announced that it will continue to implement a preferential credit program for the forestry and fishery sectors with a scale of VND8,000 billion. The preferential interest rate of the program is at least 1%-2% lower per year than the average lending interest rate of the same term of Agribank in each period./.

(Vietnam+)

Source: https://www.vietnamplus.vn/vietcombank-tang-quy-mo-tin-dung-doi-voi-lam-san-thuy-san-len-3000-ty-dong-post938068.vnp