Coffee review

Vietnam invests heavily in coffee and cashew acquisitions

Published: 2025-08-21 Author: World Gafei
Last Updated: 2025/08/21, International Business News according to Vietnam's "people's Daily" reported that a few days ago, Vietnam's Ministry of Agriculture and Rural Development suggested that the national bank arrange 45 trillion dong credit funds to support the acquisition of coffee and cashew nuts. Among them, 16 trillion dong is provided to enterprises to buy coffee. Provide 29 trillion dong loans to cashew enterprises, of which 13 trillion dong is used to purchase domestic raw materials of cashew nuts, and 13 trillion dong is used

According to Vietnam's People's Daily, Vietnam's Ministry of Agriculture and Rural Development recently suggested that the State Bank arrange 45 trillion Vietnamese dong credit funds to support coffee and cashew purchases. Among them, 16 trillion dong of working capital was provided to enterprises to purchase coffee. It provided 29 trillion VND loans to cashew nut enterprises, of which 13 trillion VND was used to purchase domestic cashew nut raw materials, 13 trillion VND was used to purchase foreign cashew nut raw materials, and 3 trillion VND was a long-term loan for enterprises to purchase machinery and equipment.

(Editor: Leo)

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