Banks offer low interest rates for fish purchases Tran Thu By Tran Thu – The Saigon Times Daily HCMC – Enterprises and fishing logistics boats purchasing and storing fish caught in safe fishing grounds can enjoy preferential interest rates when they take out loans at Agribank, VietinBank, BIDV and Vietcombank. The low-interest loan program of the four banks is aimed at assisting fishermen affected by mass fish deaths in central Vietnam. Loan terms can be negotiated by clients and banks but preferential rates are applicable for a maximum of six months, and loans disbursed between May 5 and June 5. According to the State Bank of Vietnam, the four banks were told last week to lend to clients purchasing and storing fish in Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue provinces and report results to the central bank on a weekly basis. The central bank told these banks to offer the lowest short-term lending rates possible, which are below 7% per year and covered by the state budget. According to the Ministry of Agriculture and Rural Development, boat owners must ask local fisheries agencies to issue clean fish certification after they are back to the shore.
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