Weather risks and rates hinder Vietnam's bank loans

Quick Summary:

HANOI: Credit institutions are reluctant to lend to the agricultural sector due to high risks, while the lending interest rate is low, experts say.

By the end of September 2024, the outstanding loans in the Mekong Delta region alone reached 1.18 quadrillion dong, an increase of 8% compared to the end of 2023.

This has affected consumption of agricultural products and created difficulties for banks trying to recover loans, Luc said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: Interest Capital Banks Credit Sector Difficult Outstanding Risks Loans Land Agricultural

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23861612

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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