Agribank Na Hang staff visited the customer's aquaculture development model.
To meet the increasing financial needs, Agribank has set aside up to VND50,000 billion for a short-term loan program designed to meet the needs of quick working capital for individuals and small businesses. Preferential interest rates of only 4.5%/year with loans from 6 to 12 months are applied to help reduce financial pressure for borrowers, creating favorable conditions for them to focus on expanding production or purchasing necessary raw materials.
With this program, individual customers can quickly rotate capital to serve production and business activities, especially to meet high demand during Tet season, when the market needs a large amount of goods. This not only helps borrowers optimize cash flow but also promotes domestic goods consumption, supporting the domestic supply chain to operate more effectively.
Mr. Dao Dinh Tien's family in Yen Son town has just accessed a 600 million VND loan package from the Agribank Yen Son transaction office with preferential interest rates to invest in expanding their business. Mr. Tien happily said: His family does grocery business, usually before Tet, they need capital to import goods. Luckily, Agribank staff consulted and introduced a short-term loan package with low interest rates, so the family was very happy. With capital, Mr. Tien imported goods early, with a variety of types and items to best meet people's Tet shopping needs.
Ms. Pham Thi Tuyen, village 3, Thai Son (Ham Yen) has also accessed a short-term loan package with preferential interest rates from Agribank to serve the production and business needs at the end of the year. Ms. Tuyen confided: She was supported to borrow 400 million VND to invest in business during Tet, Agribank helped her implement the plan, relieving the pressure on capital during the end of the year and the beginning of Tet. It is known that Ms. Tuyen's family operates in the field of fresh food processing, often during Tet there is a need for shopping, so having capital will proactively source goods to serve the market.
In addition to the 50,000 billion VND short-term loan program, Agribank Vietnam also reserved 20,000 billion VND for medium and long-term loans, to support individual customers in implementing large investment plans or expanding long-term business operations. Currently, Agribank Tuyen Quang branch has directed transaction offices to coordinate with local authorities to disseminate information to the people, support individual customers and businesses to access capital as quickly as possible to invest in production and business.
With capital, Hong Phat Organic Agricultural Service Cooperative (Chiem Hoa) develops effective production and business.
With a preferential interest rate of only 6.0%/year for the first 6 - 12 months, the program has reduced the burden of interest costs for customers in the early stages of project implementation. The program is especially suitable for households and businesses that need capital to invest in new machinery, equipment or build infrastructure to serve production and business in order to realize long-term plans while creating a premise to improve product quality and increase competitiveness in the market.
In addition, Agribank also launched a preferential "Green Credit" loan program for individual customers with a loan interest rate floor of only 3.5%/year to encourage and support individual customers to implement green and environmentally friendly projects such as: organic agricultural production, renewable energy, clean technology...
Implementing Directive No. 29/CT-TTg of the Prime Minister dated August 27, 2024, on stimulating consumption, supporting production and business and developing the domestic market, Agribank's implementation of large preferential credit packages from the beginning of 2025 is a financial solution and a strategic step to implement economic policies, while clearly demonstrating the bank's commitment to accompanying customers on the journey of economic recovery and development.
Source: https://baotuyenquang.com.vn/agribank-viet-nam-chi-nhanh-tuyen-quang-kich-cau-tieu-dung-thuc-day-san-xuat-kinh-doanh-205131.html
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