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Farmers purchasing mechanical machinery and equipment for agricultural production and processing, below-5-ton trucks, will receive interest rate support.

The State Bank of Viet Nam has just issued Circular 02/2010/TT-NHNN – a new guidance on interest rate subsidies for agricultural and rural development.

People enjoying interest rate subsidies are farming households, individuals, cooperatives, and enterprises that are making short and medium-term loans in Vietnamese currency to buy machinery, equipment and materials for their agricultural production.

Earlier, the Prime Minister has decided to keep interest rate subsidies for farmers until December, 31, 2010.

Source: thuongmai - translated by CIS