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  • Vietnam: Phu Yen cashew nut businesses able to make loans of export credit capital

    Apr 25th, 2013

    <p>The Ministry of Finance has just issued an act to propose the Provincial People&rsquo;s Committee (PPC) to direct the enterprises doing business in cashew nuts to contact BIDV-Bank of investment and development of Vietnam to obtain concrete guidelines on making loans of export credit capital, under the Government Decree numbered 75/2011.</p> <p>The Finance Ministry also proposed the PPC to direct the enterprises in the locality to implement as to the Resolution numbered 02 by the Government on some solutions to remove difficulties of producing and trading, supporting the market, solving bad debts and related guiding acts.</p> <p>Previously, the PPC had issued acts to propose the Government, Ministries, Central Offices to guide some solutions to remove the difficulties of Phu Yen cashew nut sector, among which focus is placed on solutions in credit so as to help these enterprises to continue their operation, stabilize production and trading. In 2013, the PPC assigns the plan to the locality&rsquo;s enterprises to produce 18,500 tons of cashew kernels, export turn over at $115 million and continue solution of employment for over 11,000 laborers.</p> <p>&nbsp;</p>


    Source: Phu Yen Newspaper
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