Coffee trader signs loan deal to reach export target

tohang

Standard Chartered Bank (SCB) on Tuesday signed a loan agreement worth US$24 million with the Daklak September 2nd Import-Export Co Ltd (Simexco Daklak), the second largest state-owned coffee trader in Viet Nam.

HCM CITY (VNS) — Standard Chartered Bank (SCB) on Tuesday signed a loan agreement worth US$24 million with the Daklak September 2nd Import-Export Co Ltd (Simexco Daklak), the second largest state-owned coffee trader in Viet Nam.

Simexco General Director Le Duc Thong said the loan would help the company achieve its export revenue goal.

Louis Taylor, General Director of Standard Chartered Viet Nam, said that the Vietnamese coffee industry had seen spectacular development over the past 20 years and had become one of the main driving forces behind the country's exports.

The strategic partnership between SCB and Simexco is evidence of the bank's commitment to sustainable development in Viet Nam.

Founded in 1993, Simexco Daklak has built up a dynamic purchasing network directly from farms and invested in modern coffee processing factories, staff training and quality control systems in key coffee-growing areas of Viet Nam. — VNS



  • Share:

see also

Agriculture sector records trade surplus this year

Agriculture sector records trade surplus this year

This year, the agriculture sector''s production value is estimated to increase by over 3.2 per cent, while agricultural, forestry and fishery export value is expected to reach a historic high of $62.4 billion, up 18 per cent year on year.
Festival celebrating Vietnamese salt production to be held in 2025

Festival celebrating Vietnamese salt production to be held in 2025

The salt festival will also a platform for exchanging experiences and knowledge in production, processing and trading salt products and OCOP (One Commune, One Product) products across provinces.
Vicem faces second consecutive year of losses

Vicem faces second consecutive year of losses

Among the six enterprises directly managed by the Ministry of Construction, Vicem was the only one to incur losses in 2024.
Việt Nams garment-textile exports expected to reach US44 billion this year

Việt Nam’s garment-textile exports expected to reach US$44 billion this year

Việt Nam’s garment-textile export value is expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, according to the Việt Nam Textile and Apparel Association (VITAS).
Việt Nam, India enjoy robust economic-trade ties in 2024: trade counsellor

Việt Nam, India enjoy robust economic-trade ties in 2024: trade counsellor

Việt Nam and India have witnessed thriving trade and economic cooperation over the recent past, with many highlights observed in 2024, according to Vietnamese Trade Counsellor in the South Asian country Bùi Trung Thướng.