The State Bank of Vietnam's An Giang branch will give 3 trillion VND(142.8 million USD) to high-tech projects in agriculture in the southernAn Giang province.
Announcing this in a meeting here onDecember 17, the bank's branch director Le Trong Nghia said that thefund will be available for the owners of high-tech agriculturalprojects, as approved by the provincial leaders.
The borrowerswill enjoy a maximum interest rate of seven percent on short-term loansand 10.5 percent per year on medium-term and long-term loans.
Priority will be given to owners who are provided training in applying advanced technology in agriculture.
PhanVan Sau, secretary of the An Giang provincial party committee, laudedthe contribution that the bank has made to its agricultural and ruraldevelopment sector.
Sau added that the province will createconvenient conditions for the bank and borrowers to effectively use thefund, and develop the provincial agriculture sector.
An Giang hasfocused on developing eight groups of farm produce since 2012,including rice, vegetables, fisheries and fruits. The province has22,200ha of large fields for rice cultivation and 35ha for plantingmedicinal herbs. Farmers earn 25 million VND (1,190 USD) per ha ofmedicinal herbs and more than 200 million VND (9,523 USD) per ha ofbanana trees.-VNA
Announcing this in a meeting here onDecember 17, the bank's branch director Le Trong Nghia said that thefund will be available for the owners of high-tech agriculturalprojects, as approved by the provincial leaders.
The borrowerswill enjoy a maximum interest rate of seven percent on short-term loansand 10.5 percent per year on medium-term and long-term loans.
Priority will be given to owners who are provided training in applying advanced technology in agriculture.
PhanVan Sau, secretary of the An Giang provincial party committee, laudedthe contribution that the bank has made to its agricultural and ruraldevelopment sector.
Sau added that the province will createconvenient conditions for the bank and borrowers to effectively use thefund, and develop the provincial agriculture sector.
An Giang hasfocused on developing eight groups of farm produce since 2012,including rice, vegetables, fisheries and fruits. The province has22,200ha of large fields for rice cultivation and 35ha for plantingmedicinal herbs. Farmers earn 25 million VND (1,190 USD) per ha ofmedicinal herbs and more than 200 million VND (9,523 USD) per ha ofbanana trees.-VNA
