At the official inaugurating ceremony of Lien Viet Commercial Joint Stock Bank (LienVietBank)'s An Giang Branch (Lien Viet An Giang) on March 6, Nguyen Duc Huong, deputy chair of LienVietBank's director board said that after starting operation, Lien Viet An Giang will play an important role in carrying out the "investment and development of agricultural and rural credit in Mekong Delta" project during 2010-2013.
Accordingly, LienVietBank plans to spend from three trillion dong to five trillion dong to lend from 2010 to 2013.
Borrowers will include households and individuals, farm owners, cooperatives and economic institutions in rural areas.
In the short term in 2010, LienVietBank reported the State Bank of Vietnam (SBV) about a loan of 1.2 trillion dong for farmers.
LienVietBank is the first commercial joint stock bank lowering the lending rate for rural areas.
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