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Additional loans to boost agricultural export

Businesses and farmers in the Mekong Delta has so far this year received short-term loans worth 59 trillion VND (2.8 billion USD) to invest in agricultural export products, according to the Southwest Steering Committee.
Businesses and farmers in the Mekong Delta has so far this yearreceived short-term loans worth 59 trillion VND (2.8 billion USD) toinvest in agricultural export products, according to the SouthwestSteering Committee.

Thanks to the loans, thetotal Tra fish farming area in the region has been expanded to 6,400ha.The region’s output has so far hit 902,325 tonnes, of which 540,000tonnes were exported, generating 1.4 billion USD in revenue.

Additionally, local enterprises processed and exported 4.3 million tonnes of rice, worth 1.95 billion USD.

The Vietnam Tra Fish Association called upon the local banking sectorto provide more flexible long-term loans and improve the informationavailable in a bid to facilitate credit access for local farmers andbusinesses.-VNA

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