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Loans boost tra fish farming

Oct 29th at 13:36
29-10-2014 13:36:42+07:00

Loans boost tra fish farming

Businesses and farmers in the Cuu Long (Mekong) Delta have so far this year received short-term loans worth VND59 trillion (US$2.8 billion) to invest in agricultural export products.

 

According to the Southwest Steering Committee, thanks to the loans, the total tra fish farming area in the region has expanded to 6,400 ha. The region's output has so far hit 902,325 tonnes, of which 540,000 tonnes were exported, generating $1.4 billion in revenue.

In addition, local enterprises processed and exported 4.3 million tonnes of rice, worth $1.95 billion.

The Viet Nam Tra Fish Association called upon the local banking sector to provide more flexible long-term loans and information to facilitate credit access for local farmers and businesses.

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