The State Bank of Vietnam (SBV) has asked banks and credit institutions in the Mekong Delta to speed up loan provision to help ensure sufficient capital for the production, processing, trading, and export of rice.

They were instructed to simplify administrative procedures, shorten the time needed to approve loans, and diversify credit products.

The central bank asked credit institutions and banks to proactively work with businesspeople, enterprises, and producers to identify measures to handle difficulties, creating conditions for customers to gain access to credit for producing, buying, processing, and storing rice for export.

They were also required to promote the implementation of credit policies from the government and the SBV on boosting agriculture and rural development, including policies relating to loans for rice export activities and preferential credit for certain sectors, including rice.