CashewInformation.com

CashewInformation
News

Home   >   NEWS & VIEWS   >   News

  • Proposal to extend repayment over 13,000 billion for this sector

    Mar 5th, 2012

    <p></p><p>MARD has proposed the State Bank directed commercial banks to allow processing enterprises, export the renewed old loans coming due in 2011-2012 by an additional 6 months, while lower interest rate for these loans according to current interest rates. The reason, according to MARD interpretation is to remove difficulties for enterprises are affected by the global economy, the buys are having difficulty in selling products, purchasing things for farmers.</p>Meanwhile, the Vietnam Cashew Association, the total short-term loans and medium term loans in VND to purchase the whole thing around 380,000 tons of domestic crude for $ 35 million / ton, equivalent to 13,300 billion loan. <p>2011 was a difficult year for this sector due to lack of raw materials, lack of capital. the sector targets exports of 170,000 tons and 60,000 tons of all kinds of cashew nut shell oil earning about $ 1.5 billion</p><br><p></p>


    Source: www.baomoi.com
Top