Apr 1, 2012

Vietnam - Most seafood companies demanding urgent capital


A source of Vietnam Association for Seafood Exporters and Processors (Vasep) reported that most seafood companies are demanding urgent capital with the lowest level of 10 billion dong and the highest at 500 billion dong for additional working capital and material purchase.

More than 90% of these firms expect to enjoy higher credit line to boost the processing of tra catfish for export, business and processing, raising tra and purchasing materials.

92.3% of seafood firms in Vietnam need to borrow urgent loans in the second quarter of this year (lowest at 10 billion dong and highest at 500 billion dong) to develop production and business.

53.85% of these companies demand to borrow capital for investment and development activities (lowest at 2 billion dong and highest at 300 billion dong) for raising white-leg shrimps, purchasing equipments and others.

VietBiz24



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