A number of new credit contracts were signed at the head office of the State Bank of Vietnam in Hanoi on July 29 between commercial banks and enterprises in the city of Can Tho and the provinces of Dong Thap, Lam Dong, Nam Dinh, and Nghe An in the second stage of the pilot program of loan extension for agriculture and rural development in the model of a chain of linking production with processing of export agricultural products, and the agricultural production model with hi-tech application in accordance with Resolution No.14/NQ-CP of the Government. 

 

The signing ceremony was attended by SBV Governor Nguyen Van Binh , Deputy Governor Nguyen Dong Tien; Deputy Governor Le Minh Hung; and senior representatives from the five aforesaid beneficiary locations , the lending banks and the corporate borrowers.

 

In response to Resolution No. 14/NQ-CP, the SBV issued Decision No.2015/QD-NHNN on the pilot credit program for the models of linking and applying hi-tech application in service of exportation of agricultural products with various special policies with the aim of encouraging enterprises and farmers to engage in new productive models. The first four beneficiary enterprises of the southern province of An Giang singed credit contracts with the State-Owned Commercial Bank for Agriculture and Rural Development of Vietnam (Agribank) and the Joint-Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on May 29, 2014.

 

In the second stage, under Decision No.1233/QD-NHNN of the SBV issued on June 28, 6 enterprises belonging to the five aforesaid locations singed credit contracts with Agribank, Vietcombank, the Joint-Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the Vietnam Joint-Stock Commercial Bank for Industry and Trade (Vietinbank), the Mekong Housing Bank (MHB) and the North Asia Joint-Stock Commercial Bank (BacABank). The total credit amount is about VND 2,370 billion to be broken down into VND 80 billion for the province of Lam Dong, VND 75 billion for the province of Nam Dinh, VND 284 billion for the city of Can Tho, VND 1,047 billion for the province of Dong Thap, and VND 542 billion for the province of Nghe An.

 

In his speech at the signing ceremony, Deputy Governor Nguyen Dong Tien said that this pilot program will contribute to opening up the new economicly effective path in production and consumption of agricultural products and promoting the more vigorous and sustainable development of the agricultural and rural sector in the coming time.