Investment bank finances coffee export

The Bank for Investment and Development of Vietnam (BIDV) will provide a loan of 800 billion VND for the Tay Nguyen Coffee Import-Export Co. to support the latter’s export activities.

The coffee exporter said on Nov. 24 that BIDV’s loan is expected to facilitate its activities amid coffee prices’ fluctuations and upheavals in the world financial market.

The Tay Nguyen Coffee Import-Export Co. is one of the world’s leading Robusta coffee exporters, with its average export volume reaching 160,000 tonnes a year.

The company plans to ship abroad 200,000 tonnes of coffee in the 2008-2009 crop.

VNA

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