RM2.84bil disbursed to support agroforestry


More than 15 trillion dong (RM2.84bil) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, Vietnam News Agency reported, citing the State Bank of Vietnam.

The loans, with lower interest than market rates by 1% to 2% annually, have been designed to help the sectors cope with and overcome difficulties experienced during this turbulent period, said the bank.

Dao Minh Tu, the bank’s deputy governor, said the central bank was willing to increase the amount to over 30 trillion dong (RM5.68bil) if there is a strong demand within the sectors.

According to a recent survey conducted by the Vietnam Association of Seafood Exporters and Producers, businesses and farmers are especially interested in low-interest loans in both US dollar and Vietnamese dong, with banks implementing a more streamlined loaning process. — Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

NFL-Chiefs chase 'three-peat' against Eagles as Trump travels to Super Bowl
Chief of violence-hit Indian state of Manipur resigns
JPJ issues over 100,000 notices during CNY special ops
Turkiye President Erdogan to visit Malaysia on Monday (Feb 10), strengthening strategic ties
Palestinian prisoners released from jail, but not free to celebrate
Pakistan says IMF mission will visit to assess governance, corruption risks
Govt committed to building new schools to ease overcrowding, says Fadhlina
Asean News Headlines at 10pm on Sunday (Feb 9, 2025)
One dead and dozens still missing in China landslide; emergency response at highest alert stage
Rescuers take two days to get snake-bite victim to safety in Gerik

Others Also Read