(TBKTSG Online) –Vietnam Cashew Association ( Vinacas ) is preparing a petition to the Government to support medium and long -term loans at an interest rate of 11-12 % / year for the loan amount over 29,500 billion buys for processing activities and export

According to Vinacas , if the Government will support the business of buying raw cashew things nguoNganh billion for 29,500 new workers at a processing facility that is categorized cashew . Photo: TL . ( Saigon Times Online ) – Vietnam Cashew Association ( Vinacas ) is preparing a petition to the Government to support medium and long -term loans at an interest rate of 11-12 % / year for the loan amount over 29,500 billion buys for processing operations and export According to Vinacas , if the Government will support the purchase of crude business people to 35,000 VND / kg . This price is higher than the current price of crude is about VND 7,000-8,000 / kg Also in this petition , the bank wants to raise Vinacas mortgage loan rates up 90 % by value of inventory or assets of the business rather for the 70 % present value because this year there are not many big changes with the weather forecast Vinacas total production of crude the country will be at 380,000 tons , up 30,000 tons from the previous crop . Every year , businesses that are dependent credit supply from banks to buy enough things planned . Like 2011, this year , estimated Vinacas whole industry will import 450,000 tons of raw cashew in the amount of 13,230 billion from Africa , Indonesia Vinacas petition deadline is raised loans is 12 months instead of 6 as long this month . According to Vinacas if the bank repayment period short ( 6 months ) will make it difficult for exporters as it may cause the price pressure from businesses that purchase of Vietnam by the purchaser know businesses need money to pay debt the bank plans to export in 2012, the Ministry of Agriculture and Rural Development sector which aims to export nearly 200,000 tonnes , earning U.S. $ 1.75 billion , however , to give Vinacas export target what is the industry's only 170,000 tonnes of cashew nuts of all kinds and 60.0000 tonnes of cashew shell oil with exports of U.S. $ 1.5 billion , lower than U.S. $ 250 million compared with the plan of putting out 2011 , cashew exports were 150,000 tons of people , 40,000 tons of cashew nut shell oil revenues to the value of 1.3 billion U.S. dollars . i population to 35,000 VND / kg . This price is higher than the current price of crude is about 7,000-8,000 VND / kg .