Credit institutions support ASF-affected pig breeders

Credit institutions have assisted households affected by African swine fever (ASF) with 357 billion VND (15.35 million USD), heard a press conference in Hanoi on June 13.
Credit institutions support ASF-affected pig breeders ảnh 1Credit institutions have assisted households affected by African swine fever (ASF) with 357 billion VND (15.35 million USD), heard a press conference in Hanoi on June 13. (Photo: VNA)

Hanoi (VNA) – Creditinstitutions have assisted households affected by African swine fever (ASF)with 357 billion VND (15.35 million USD), heard a press conference in Hanoi on June13.

According to Nguyen Quoc Hung, Director ofthe State Bank of Vietnam (SBV)’s Credit Department, the credit institutionshave restructured loan terms, maintained the group of loans worth 68 billionVND (2.9 million USD), exempted and reduced interest rates worth 13 billion VND(559.000 USD) and granted new loans worth 275 billion VND (11.82 million USD)to pig breeders.  

Since the beginning of this year, thecentral bank has instructed the credit institutions to take solutions to removedifficulties facing rice production and pig farming sectors.

In March, the SBV also issued a documentrequesting the credit institutions and SBV branches in cities and provinces to assistclients affected by ASF.

TheASF in pigs has appeared in 55 out of 63 provinces and centrally run cities inthe country, forcing the cull of 2.5 million pigs, or 7.5 percent of the totalpig stocks, it was reported at a conference on fighting the disease andrestoring the pig farming industry on June 13.

As of June 11, the disease had beenreported at 3,980 communes in 407 districts of 55 provinces and cities, with HoChi Minh City the latest hit. Meanwhile, 199 communes in 92 districts of 25provinces and cities have recorded no new outbreaks for at least 30 days.However, new outbreaks emerged again in 55 communes in 15 provinces and citiesafter a 30-day period of no new cases.

Africanswine fever does not affect humans but causes haemorrhagic fever in pigs andwild boars that is almost always fatal. There is currently no antidote orvaccine, with the only known preventative measure being a mass cull of infectedlivestock. The disease spreads by contact between infected pigs or other wildanimals and can inflict massive economic damage on farms.-VNA
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