Agribank allocates 20,000 billion VND for preferential credit loans for agriculture, forestry and fishery

Implementing the direction of the Government and the Prime Minister in Resolution No. 46/NQ-CP dated March 8, 2025, Directive No. 05/CT-TTg dated March 1, 2025 and the direction of the State Bank of Vietnam, Agribank has registered to implement a preferential credit program for the agriculture, forestry and fishery sector with a scale of VND 20,000 billion, contributing to removing difficulties for businesses and people and promoting economic growth.

Along with that, Agribank is also implementing many preferential credit programs for many fields, industries and customers of small and medium enterprises, import-export enterprises, individual customers... with a total scale of more than 310,000 billion VND. Individual customers, enterprises engaged in farming, processing, exporting and production and business activities in the fields of agriculture, forestry and fishery can also participate in preferential loans under these programs.

From July 2023, Agribank is the first bank to implement a preferential credit program for the forestry and fishery sector with an initial registered scale of VND 3,000 billion, with a preferential interest rate at least 1.0% - 2.0% lower per year than the average lending interest rate for the same term. Realizing the large capital demand from the market and positive signals from the program, in 2024, Agribank registered twice with the State Bank, increasing the scale of participation in the program to VND 13,000 billion.

Agriculture, forestry and fishery have always been identified by Agribank as one of the priority investment areas. (Photo: Vietnam+)

After more than 18 months of implementation, the total capital disbursed by Agribank has reached nearly 10,000 billion VND, supporting more than 6,500 customers nationwide. Of which, the Southwest region alone - the key area for aquaculture, processing and exporting aquatic products - accounts for more than 50% of the total capital disbursed by the program. This shows that the demand for credit capital for the forestry and aquaculture sector is very large and Agribank's efforts are timely directing capital flows to the right locations, the right subjects and the right needs of customers.

Not only expanding the scale of preferential credit capital, Agribank also focuses on improving access to credit for people and businesses. In the coming time, Agribank will continue to simplify loan procedures through digital transformation and application of technology in credit work, helping customers in the fields of agriculture, forestry and fishery to access capital conveniently and quickly.

Agriculture, forestry and fishery have always been identified by Agribank as one of the key priority areas for capital investment, accounting for about 26% of the total outstanding loans of the entire system. Actively implementing the provision of preferential credit capital to serve the agriculture, forestry and fishery sectors is a specific commitment of Agribank to accompany and resolve difficulties for people and businesses, firmly upholding the mission of serving the development of "Tam Nong" to promote the role of supporting the economy, contributing to promoting the country's economic growth./.

(Vietnam+)

Source: https://www.vietnamplus.vn/agribank-danh-20000-ty-dong-cho-vay-tin-dung-uu-dai-nong-lam-thuy-san-post1033354.vnp