Saigon – Hanoi Commercial Joint Stock Bank (HNX: SHB) has become the largest lender among nine local commercial banks that join the Vietnam Sustainable Agriculture Transformation (VnSAT), which is financed by the World Bank (WB), with the credit line of VND700 billion ($30.17 million), local media reported. Recently, the WB has raised the credit line for SHB by VND300 billion for the rice module of the project. The VnSAT project aims to improve farming practices and value chains in rice and coffee farming in the Mekong Delta and the Central Highlands, the two major good commercial production areas in Vietnam and promote the institutional strengthening of public agencies to help implement the country’s agricultural restructuring plan. Nine Vietnamese banks that are participating in the VnSAT project are SHB, Agribank, Techcombank (HOSE: TCB), Oriental Bank (OCB), Co-opBank, VPBank (HOSE: VPB), LienVietPostBank (UPCoM: LPB), Sacombank (HOSE: STB), and ABBank. (Dan Tri, Thoi Bao Kinh Doanh, Lao Dong, doisong, Tin Tuc)
