Vietnam’s HDBank ramps up lending to support rice production

The bank also offers a loan programme with 0% interest to agriculture and rural areas.

Vietnam’s HDBank has hiked its loan limits and launched a loan solution aimed at the rice production industry.

HDBank Rural Services offers a specialised financial solution, which includes a preferential loan programme offering 0% interest to agriculture and rural areas.
At the eighth congress of the Vietnam Farmers Union held in December 2023.

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This follows after the State Bank of Vietnam directed banks to run credit programmes to support links between cooperatives and businesses, with the aim of supporting the production ,processing, and consumption of rice in the Mekong Delta region.

Apart from the new financing service, HDBank is disbursing $202m to agricultural services and food conglomerate Lộc Trời Group Joint Stock Company. The company plans to use the proceeds to expand its value chain in the rice industry.