Banks preserves sufficient capital for three agricultural areas
The State Bank of Vietnam (SBV) has said, in recent years, in spite of low rates of economic bank credit growth, credit growth rates of agriculture, rural areas and farmers has been considerably increased. Since 2008, average credit growth rate of agricultural areas is about 20% each year. Notably, this rate has increased rapidly and by 2 times in the last 5 years. Up to December 31st 2012, credit outstanding of agricultural areas was VND561,533 bln and growth rate of the first 4 months of 2013 is about 5% compared to 2% of the whole nation.Three agricultural areas has been the mainstay of national economy in difficult time. Therefore, SBV will coordinate with Industry and Trade Ministry, Agriculture and Rural Development Ministry to devise action plans, save sufficient amount of capital and facilitate simultaneously agricultural policies promotion.Reported by Thanh Hong – Translated by Ngoc Huynh
