Appointing four lenders for seafood purchase and reserve

Following the guidance of Prime Minister Nguyen Xuan Phuc on urgently supporting people in the provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue, the State Bank of Vietnam (SBV) has issued Document 3438 on lending to purchase and reserve seafood in the localities.

Photo for illustration. (Source: VOV)

Specifically, the SBV appointed the Vietnam Bank for Agriculture and Rural Development (Agribank), the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), and Vietnam Bank for Industry and Trade (Vietinbank) to carry out the lending program.

Subjects of the program are enterprises, aquaculture farm owners, and fishing logistics service ships with seafood purchase and reserve facilities certified for safe exploitation as regulated by the Ministry of Agriculture and Rural Development at official dispatch No 3441/BNN-TCTS.

The program offers loans with disbursement from May 5th to June 5th, 2016. The lending rate is the lowest short-term rate for loans with the same term in the prioritizing fields, but less than 7%. The SBV will support 100% of the interest rate while the borrowers purchase and stockpile.

The rate will be supported for a maximum six months from the date of disbursement of the loans./.

( Compiled by VNF )