According to IFC Country Manager for Vietnam, Cambodia and Laos, Kyle Kelhofer, agriculture plays a crucial role in the country’s economy and future, and the IFC has continued its support to boost access to financial sources in agriculture as long-term reasonable capital sources will help farmers and agricultural businesses improve their income, create more jobs and bring further turnover from exports, contributing to the country’s economic growth.
The handbook will help the financial institutions develop and operate new credit products through grasping opportunities and addressing risks in agricultural credit, organising financial institutions to manage and reduce risks via adjusted internal process, appropriately designed loans and co-operative relations with subjects in a value chain.
The book also shares specific cases of other regional financial institutions which have successfully provided agricultural loans.
The handbook is compiled by the IFC as part of a programme on Post-Harvest Agricultural Finance Development and Consultation in Vietnam funded by the Department of Foreign Affairs, Trade and Development, under the Canadian Government. The programme aims to help Vietnam sustainably develop rural areas by increasing Vietnamese farmers’ income by US$36.6 million by 2019.
