2:17:20 PM | 29/10/2008
The Military Commercial Joint Stock Bank (MB) October 22 inked deal with Tay Nguyen Coffee Import-Export JSC Company (VINACFBMT) to lend the company US$25 million for coffee exports.
Under the deal, MB and its member companies, HFM, TSC, AMC, MB Land and MIC, will be given priority in credit and deposit services, foreign exchange and other financial services for VinacfBMT’s activities like buying and processing coffee for export.
The deal is a part of MB’s strategy to spend VND1 trillion (US$60.6 million) in credit to coffee export in the 2008-2009 crop.
VinacfBMT is the leading dried coffee bean exporter in Vietnam, buying 40 per cent-50 per cent of Dak Lak’s total coffee output. (Vietnam Economic Times)
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