December 27, 2005

State Bank of Vietnam to provide poultry processing loans

Governor Le Duc Thuy of the State Bank of Vietnam has signed a circular, allowing loans to be provided for poultry slaughtering and approved processing establishments.

The circular stated that banks could provide loans worth VND15 million/tonne for frozen poultry over a three-month period. VND20 million/tonne could be loaned for canned poultry products over a six-month period. No interest would be charged during these periods.