State Bank orders interest rate cut for breeding, processing

The State Bank of Vietnam asked five state commercial banks to reduce lending interest rates to 8 percent per year for pork, chicken, tra fish and shrimp factories.

Agribank, Vietinbank, BIDV, Vietcombank and MHB will report to the State Bank for any difficulties in a timely manner.

The interest rate reduction follows the Prime Minister’s guidelines for breeding and seafood policies.

By Bao Minh – Translated by Hai Mien

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