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VietNamNews

Mekong farming credit increases

Update: December, 10/2014 - 09:40

A rice field in Mekong Delta region. — Photo vnexpress.net

CAN THO (VNS) — Credit for the agricultural sector in the Cuu Long (Mekong) Delta region has made significant improvements, the Vietnam Economic News reported.

According to the State Bank of Viet Nam's Credit Department, by the end of September, total outstanding loans of credit institutions in the Cuu Long (Mekong) Delta region reached nearly VND332.6 trillion (US$15.84 billion), an increase of 7.64 per cent compared to the end of last year, accounting for 8.98 per cent of the country's total loans.

By mid-2010, total national outstanding loans for the agricultural sector stood at around VND315 trillion ($15 billion) and half of the amount was provided for the Cuu Long (Mekong) Delta and the Southeast Viet Nam. However, by the end of September, this figure in the Cuu Long (Mekong) Delta region increased by more than VND220 trillion ($10.48 billion). — VNS



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