More than 8,121 billion VND borrowed to invest in forestry and fisheries sector

(GLO) - According to the State Bank of Vietnam (SBV) Regional Branch XI, there are currently 292 customers who are organizations and enterprises in Gia Lai province who have borrowed more than VND 8,121 billion from the credit program for the forestry and fishery sector to invest in production and business.

This program will be implemented from July 2023, with an initial scale of 15,000 billion VND, assigned by the Government and the State Bank to 4 state-owned banks: Agribank , BIDV, Vietcombank, Vietinbank to implement. Currently, in addition to the above 4 banks, there are many other commercial banks participating, with a credit package size of up to 100,000 billion VND.

Many customers access and borrow capital at Agribank Binh Dinh. Photo: T.SY

The capital of the program is mobilized by banks themselves to lend to enterprises operating in the forestry and fishery sectors for a fixed term with an interest rate lower than the average interest rate of the same period at banks, in order to reduce financial difficulties for enterprises, not the State supporting loan interest rates for enterprises.

Recently, banks have applied VND lending interest rates 1-2% lower per year than the average lending interest rates for the same term at banks, in accordance with the direction of the Government and the State Bank. Thereby, helping businesses have more options to solve financial difficulties and promote production and business activities.

Seafood processing and exporting enterprises have more opportunities to access and borrow capital from the credit program for the forestry and fishery sectors to invest in business development. Photo: T.SY

Source: https://baogialai.com.vn/hon-8121-ty-dong-vay-dau-tu-linh-vuc-lam-thuy-san-post570432.html