Agribank has proactively and flexibly provided more than VND 180,000 billion in preferential capital to implement 10 low-interest credit programs for customers and businesses to overcome difficulties in production and business activities.
Agribank has proactively and flexibly provided more than 180,000 billion VND in preferential capital to implement 10 low-interest credit programs.
This is Agribank's move to implement Directive No. 14/CT-TTG of the Prime Minister on implementing monetary policy management tasks in 2024, with a pioneering role in seriously and effectively implementing monetary policy and credit policy to promote growth and stabilize the macro economy.Agribank accompanies OCOP
From February 1, 2024 to December 31, 2024, Agribank will allocate VND 2,000 billion to implement a preferential credit program for individual customers investing in the production and business of OCOP products with an interest rate of up to 2.0%/year lower than Agribank's lending floor interest rate. The program applies to individual customers borrowing capital to invest in the production and business of OCOP products, including: Food products, beverage products, medicinal products, and handicraft products. From March 25, 2024, Agribank will allocate VND 10,000 billion in preferential capital to implement a preferential short-term loan program for individual customers to serve their living needs with a preferential interest rate of up to 2.5%/year lower than the lending floor interest rate for living needs (only from 4.0%/year). The program applies to individual customers who need consumer loans to serve their living needs, including: Buying houses, land, building new/renovating, repairing houses; purchasing essential household items (TV, washing machine, refrigerator, air conditioner, etc.); means of transportation (car, motorbike) and other consumer purposes according to Agribank's regulations.Loans for production and business with preferential short-term interest rates from only 3.0%/year
From March 20, 2024, Agribank will allocate VND 50,000 billion to implement a preferential short-term loan program for individual customers serving production and business activities with an interest rate of up to 2.0%/year lower than the floor interest rate for production and business loans corresponding to each term (only from 3.0%/year). The program applies to individual customers borrowing capital for production and business activities with the method of borrowing each time, borrowing according to the limit, borrowing according to the overdraft limit on the payment account. From February 1, 2024 to December 31, 2024, with the desire to contribute to unblocking the flow of capital into the economy, Agribank will allocate VND 15,000 billion to finance investment projects in 6 key industries and green projects with preferential interest rates for medium and long-term loans, fixed in the first year from only 6.0%/year. The program is for businesses that need to borrow capital from Agribank to implement projects, buy back projects, offset project investment costs or complete and operational projects. Projects in the manufacturing and processing industries; production and distribution of electricity and gas (power source projects); transportation and warehousing; investment projects in construction and business of infrastructure of industrial parks/industrial clusters, construction of factories for rent; loans for investment in farms for rent; Healthcare, education; projects in green fields.
Funding businesses to invest in projects in 6 key industries and green fields
Agribank promotes preferential credit for SMEs
Accompanying small and medium enterprises (SMEs) to stabilize and promote production and business activities, Agribank provides 10,000 billion VND of short-term preferential credit capital with interest rates lower than the normal lending interest rate floor by up to 1.5%/year. The program, implemented from February 1, 2024 to December 31, 2024, aims to support small and medium enterprises in accessing credit capital to supplement short-term working capital for production and business. Priority is given to enterprises operating in the fields of production, processing, and trading of agricultural, forestry, aquatic products, salt production, high-tech agriculture, and clean agriculture; enterprises that are level 1 agents, distributors of FDI enterprises or of manufacturing enterprises in the Top 50 largest enterprises in Vietnam. At the same time, it contributes to implementing commitments to promote green credit and sustainable development according to Agribank's commitments on environment - society - governance (ESG).Agribank and large enterprises solve capital problems
From February 27, 2024 to December 31, 2024, Agribank will accompany large enterprises to solve the capital problem with 20,000 billion VND of short-term preferential credit capital with interest rates 2.0% lower than normal lending rates per year to supplement working capital to implement production and business plans. Agribank proactively allocates large preferential capital to support corporate customers (including private enterprise customers) to improve operational efficiency and expand production and business, especially in the key period of the Vietnamese economy.Agribank accompanies and develops with Groups and Corporations under the State Capital Management Committee
From February 27, 2024 to December 31, 2024, Agribank will allocate VND 20,000 billion in short-term preferential capital for Groups, Corporations and member units with special preferential short-term interest rates to implement production and business plans, carry out investment projects, build infrastructure, conduct trade transactions, etc. In recent years, with the desire to promote advantages, capital supply capacity and actively contribute to socio-economic development, Agribank has signed cooperation agreements with Groups and Corporations and has made progress in accompanying development in many aspects. The preferential credit program is a step to realize the commitments in the cooperation agreement, harmonizing Agribank's interests in the macro-benefits of the Vietnamese economy. 20,000 billion VND in preferential credit to accompany import-export enterprises Agribank implements a program to accompany import-export enterprises in 2024 with 20,000 billion VND in preferential short-term credit for disbursements in VND, interest rates lower than the normal lending interest rate floor by up to 2.4%/year, along with many incentives on deposit interest rates, service fees and foreign currency exchange rates. When participating in preferential credit programs, customers are also consulted on comprehensive financial solutions, suitable for their needs and actual production and business implementation such as account services, payment and cash flow management (salary payment services, bill payment, automatic investment, ...), e-banking, card services, trade finance and international payments. In addition, implementing the policies of the Government and the State Bank, Agribank also continues to implement a preferential credit program for the forestry and fishery sectors with a total scale of VND 8,000 billion from now until June 30, 2024 and allocates VND 30,000 billion to implement a preferential credit program with social housing interest rates.Mr. Minh
Source: https://baochinhphu.vn/agribank-danh-hon-180000-ty-dong-von-uu-dai-lai-suat-thap-ho-tro-khach-hang-san-xuat-kinh-doanh-102240509165850069.htm
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