(ĐN)- In the first quarter of this year, Dong Nai-based banks provided loans of more than VND25.5 trillion to local rural and agricultural development projects, accounting for 18 percent of total loans and up 7 percent compared to the end of 2016, according to Dong Nai branch of State Bank.
(ĐN)- In the first quarter of this year, Dong Nai-based banks provided loans of more than VND25.5 trillion to local rural and agricultural development projects, accounting for 18 percent of total loans and up 7 percent compared to the end of 2016, according to Dong Nai branch of State Bank.
Particularly, outstanding loans secured by assets represented about 85% of total rural and agricultural loans, while loans without collateral accounted for 15%.
Currently, short-term lending interest rates in the agricultural sector are 6-7 percent per year while middle and long-term one are between 9 and 10 percent per year.
Reported by H.G
