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Culled Animal Households Can Defer Debt Payments

01 August 2008

VIET NAM – Any animal breeding households whose poultry and cattle are culled due to the diseases are allowed to defer their payment of debts, declared the Governor of the State Bank in a recent official document.

The duration of the deferment is two years for households of raising cattle, goats and deer and one year for households of raising pigs and poultry.

Credit organisations shall not collect the interest rates of loans arisen during deferment and continue giving loans so that these households can restore their animal breeding or change jobs.

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