In addition to prioritizing credit investment to households and individuals, the Bank for Agriculture and Rural Development of Vietnam - North Thanh Hoa Branch (Agribank North Thanh Hoa) has actively implemented many support solutions, enhancing access to credit capital for businesses, contributing to promoting effective production and business, creating jobs for many workers.
To facilitate businesses' access to credit capital, Agribank Bac Thanh Hoa has proactively and flexibly implemented solutions to promote the supply of credit capital to serve production and business activities. In addition to lending with interest support under the Government's programs, Agribank Bac Thanh Hoa is also a pioneer in reducing loan interest rates, always having the lowest lending interest rates in the market in accordance with the regulations of the Government and the State Bank. In particular, the bank focuses on lending to priority areas such as: export, high-tech agriculture, small and medium enterprises, supporting industries. The bank has proactively adjusted to reduce lending interest rates, implementing credit programs of more than 150,000 billion VND with lending interest rates 1% - 3% lower than normal interest rates to encourage and support customers to use capital...
Lam Son Production and Trading Joint Stock Company (Bim Son town) has realized the goal of effective production and business from Agribank's interest-supported loan. Mr. Nguyen Quang Quy, Chairman of the Board of Directors of the company, said: "The company's business line is the production of construction bricks. Since its establishment,
Agribank Bac Thanh Hoa is always a close companion of enterprises. Currently, the company has a debt of 30 billion VND at the bank with a preferential interest rate of 5.2%/year. From the bank's loan capital, the enterprise has invested in facilities, purchased many modern equipment and machinery to improve production activities and improve product quality. Every year, the company sells about 80 million bricks of all kinds to the market, bringing in a stable source of income. The enterprise is creating jobs for 240 workers with an income of 10 million VND/person/month.
Also from loan capital of
Agribank Bac Thanh Hoa, Gia Bao Production and Trading Company Limited, Thanh Long Commune (Thach Thanh) has expanded its production scale, developed production and business effectively. Mr. Nguyen Hoai Thuong, Director of the company shared: “Previously, due to lack of production capital, the company only produced on a small scale. With 26 billion VND in preferential interest rate loans from Agribank Bac Thanh Hoa, the company has invested in machinery and equipment, expanded its purchasing and processing services for plywood and acacia products. The company's revenue has doubled compared to before, creating jobs for hundreds of workers with stable income and full and timely participation in social insurance”.
Agribank Bac Thanh Hoa operates in Sam Son City, Bim Son Town and 6 districts: Nga Son, Hau Loc, Hoang Hoa, Thach Thanh, Ha Trung and Vinh Loc. As a state-owned commercial bank, Agribank Bac Thanh Hoa is always a pioneer in accompanying the Government and the banking sector in implementing policies to support many preferential credit programs. The bank strengthens the promotion and marketing of credit programs, helping businesses learn about and choose suitable credit packages. Specifically, the bank is implementing a credit package of 20,000 billion VND with an interest rate 2.4%/year lower than the normal interest rate for import-export enterprises; a credit package of 15,000 billion VND to finance investment projects in 6 key industries and green fields with an interest rate of 6%/year; 8,000 billion VND credit package in the forestry and fishery sector with interest rates lower than the average lending interest rate for the same term by 1 - 2%/year; support for small and medium-sized enterprise customers with interest rates lower by up to 1.5%/year compared to the normal lending interest rate floor; dual incentives "Accompanying import-export enterprises in 2024" including credit incentives and non-credit incentives... to help enterprises reduce costs in production and business activities. As of early December 2024, Agribank Bac Thanh Hoa is lending capital to more than 200 enterprises with outstanding loans of more than 2,700 billion VND with many programs to reduce lending interest rates to support enterprises, including a preferential support program with the lowest interest rate of 4%/year.
In addition to investing capital for businesses, Agribank Bac Thanh Hoa also provides convenient modern banking services, including account services, border trade payments; bilateral payments with commercial banks, the State Treasury; State budget collection with the General Department of Taxation, the General Department of Customs, the State Treasury; bill payment; money transfer, bill payment via SMS; Internet
Banking; E-Mobile Banking, domestic and international payments and many other banking products and services.
Article and photos: Khanh Phuong
Source: https://baothanhhoa.vn/agribank-bac-thanh-hoa-dong-hanh-cung-doanh-nghiep-phat-trien-san-xuat-kinh-doanh-233223.htm
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