As per instructions of Prime Minister Nguyen Tan Dung, the Governor of State Bank of Vietnam has sent a document to 14 commercial banks to extend term of loans for purchase of summer-autumn paddy for stockpiling this year.
Earlier, the Prime Minister had agreed to extend time period to buy summer-autumn paddy for stockpiling until August 15 this year. Accordingly, the Governor of State Bank of Vietnam has asked banks to prolong the term for loans to buy summer-autumn paddy for stockpiling. Lending interest rate will remain unchanged.
The 14 commercial banks include Agribank, VietinBank, Vietcombank, BIDV, MHB, Techcombank, SHB, OceanBank, OCB, EximBank, MB, LienVietPostBank, SeaBank and HDBank.