VIB Bank Gives VND3.5T in Soft Loans to Rice, Seafood, Coffee Firms
Vietnam International Joint Stock Bank (VIB Bank) has started disbursing a credit of VND3.5 trillion with preferential lending rate for domestic rice, seafood, and coffee exporters.
Of the sum, the Hanoi-based lender will give VND2,000 billion in loans to rice trading companies and the rest to coffee and seafood firms.
The move aims to help domestic enterprises boost their purchase of rice, coffee, and seafood from farmers, who are currently suffering losses from falling prices of these products due to large stockpile. (CafeF)
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