Softer loans won’t quicken Vietnam coffee replanting
Cheaper credit extended to Vietnamese coffee growers for replanting part of the world’s biggest robusta production will not accelerate the process that has already been hindered by lengthy paperwork, traders and analysts said on 31 December.
Vietnam aims to replace old coffee trees, now accounting for a third of its acreage, to boost yields by 2020, but the government-backed credit worth 12.5 trillion dong ($556 million) in place since May 2013 has attracted few growers.
