Outstanding loans for forestry and aquatic products in Ho Chi Minh City account for nearly 80% of VND15,000 billion loan package – Vietnam.vn

SGGPO

24/11/2023 13:07

With short-term VND loan interest rates ranging from 4% to 6%/year and foreign currency loans ranging from 3.5% to 5.5%/year, it has helped people and companies produce forest products and do business. , Seafood in Ho Chi Minh City has access to cheap capital.

VND474 billion was paid out to people, manufacturing and economic enterprises in the forestry and fisheries sectors in Ho Chi Minh City.

Mr. Nguyen Duc Lenh, deputy director of the State Bank Ho Chi Minh City Branch, said that so far, with a loan package of VND15,000 billion, the banking industry has implemented the government’s instruction to support, eliminate difficulties and promote To To promote the production and export of the forestry and fishing industries, commercial banks in Ho Chi Minh City have disbursed VND474 billion to 196 borrowers.

Currently, the outstanding loans for this sector in Ho Chi Minh City amount to VND355 billion, accounting for 78.1% of the total outstanding loans for forestry and fisheries products from this loan package. In particular, outstanding loans for fish management and aquaculture account for the highest share, almost 70% of the total outstanding loans for the fisheries sector in the region.

Also, according to the deputy director of the State Bank branch in Ho Chi Minh City, the loan interest rate is 1-2%/year lower than the average bank loan interest rate, which creates favorable conditions for enterprises, business households and individuals Ho Chi Minh- City can reduce borrowing costs and financial support, as well as reduce production and business costs, helping them maintain and stabilize production, overcome difficulties and develop.

In particular, low lending rates have also encouraged companies to expand their exploitation and aquaculture activities and provide raw materials for seafood processing and export activities – areas of national advantage. and is the driving force for growth, especially at the end of the year. when consumer demand increases.