Coffee exporter receives 48.5 million USD loan

The Bank for Investments and Development of Vietnam (BIDV) will loan 800 billion VND (48.5 million USD) to the Tay Nguyen Coffee Import-Export Co to support its export activities.

The coffee exporter said BIDV’s loan was expected to facilitate its activities amid coffee price fluctuations and upheavals in the world financial market.

The company is one of the world’s leading Robusta coffee exporters, with average export volume reaching 160,000 tonnes a year. The company plans to ship 200,000 tonnes of coffee abroad from the 2008-2009 crop.

VNA

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