State Bank calls for loan extension for paddy stockpiling

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.

By Ham Yen – Translated by Thuy Doan

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