Int’l agency puts forth financial support for Vietnamese agriculture
The International Finance Corporation (IFC), a member of the World Bank Group, rolls out a handbook to develop credit packages for farmers and enterprises in Vietnam.
The Vietnamese financial market will witness the start of numerous agricultural credit products as the International Finance Corporation (IFC), a member of the World Bank Group, rolls out a handbook to develop credit packages for farmers and enterprises.
Agriculture has played a crucial role in Vietnam’s economy and development, said Kyle Kelhofer, IFC’s country manager for Vietnam, Cambodia and Laos.
He said the IFC was fostering financial support in the agricultural sector, given that long-term capital and reasonable interest rates would help Vietnamese farmers and agricultural enterprises increase their income and create more export revenue.
The handbook will support financial institutions in the country as they design and implement new credit products. The book will give them some insight on the risks and opportunities in agriculture credit, and ways to manage and mitigate risk by adjusting internal processes and suitable loan models. It aims to foster economic growth and create jobs.
It also shares the experiences of regional financial organisations that have successfully implemented the packages.
The handbook was built under a programme to develop agricultural finance and consultancies after harvest in Vietnam. It was sponsored by the Canadian Department of Foreign Affairs, Trade and Development, aiming to support sustainable development in rural areas.
The progamme is expected to help farmers earn 36.6 million USD more by the end of 2019.
The IFC will help by increasing the financial organisations’ capacity and helping them expand their financial services in the agricultural sector.-VNA
International Finance Corporation of the World Bank Group has confidence in Vietnam’s long-term economic prospects and commits to supporting its growth during difficult periods.
The International Finance Corporation (IFC), a member of the World Bank Group, awarded its first EDGE resource efficiency certifications in Vietnam, at a ceremony held in Ho Chi Minh City on December 16.
The International Finance Corporation (IFC), a member of the World Bank Group, has invested 6.5 million USD in the Pan Pacific Corp's (PAN) expansion in the agricultural and food sector, the IFC announced on January 22.
National Assembly Chairman Nguyen Sinh Hung has urged farmers nationwide to make more efforts to grasp and exploit all development opportunities brought about by the integration.
The achievements that Vietnam has gained in agriculture is significantly ensuring food security and implementing the United Nations’ Millennium Development Goals.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative photo. (Source: VNA)
