Accompanying businesses for sustainable development

In addition to prioritizing the development of the agricultural sector, branches of the Bank for Agriculture and Rural Development (Agribank) in the province have flexibly applied many mechanisms and policies, implemented programs to reduce interest rates, extend, restructure debt repayment terms for corporate customers to access capital with low interest rates, quick and timely procedures to invest in effective production and business development, creating jobs for many workers.

Song Viet Thanh Hoa Joint Stock Company develops production and business effectively, creating jobs for hundreds of workers.

Implementing many solutions to clear capital flows, Agribank branches in the province have actively invested in credit, helping customers access capital quickly and effectively. Van Lang Yufukuya Company Limited located in Hai Yen Commune, Nghi Son Town was given priority by Agribank Nam Thanh Hoa to borrow 100 billion VND in working capital to implement a coal pellet export project. From this capital, the company has renovated the entire production line and machinery, increasing the factory's capacity to 150,000 tons of coal pellets/year, double that of the old line. Currently, 100% of the company's products are exported to markets such as Korea, Japan, EU countries... and are highly appreciated by partners and have signed long-term consumption contracts.

Also from loan capital of

Agribank, Song Viet Thanh Hoa Joint Stock Company has expanded its production and business scale effectively, creating jobs for many workers. Mr. Nguyen Nhu Long, director of the company, said: In the development process of the enterprise, there has always been the close companionship of Agribank Thanh Hoa. Currently, the enterprise is accessing a credit package with a preferential interest rate reduced by up to 2% from Agribank. Low interest rates have created conditions for enterprises to buy more vehicles, import more goods, and create jobs for workers. In 2024, the unit strives to grow by 40 - 45% compared to 2023.

To facilitate businesses' access to credit capital, Agribank branches in the province have proactively and flexibly implemented solutions to promote credit capital supply to serve production and business activities. In particular, focusing on lending to priority areas such as: export, agriculture, high technology, small and medium enterprises, supporting industries. In particular, since the beginning of 2024, banks have proactively adjusted lending interest rates down, 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...

Specifically, from April 22, 2024 to December 31, 2024, Agribank will implement a dual incentive package "Accompanying import-export enterprises in 2024" including credit incentives and non-credit incentives. In particular, the total preferential credit scale is VND 20,000 billion, applied to short-term disbursements in VND, with interest rates lower than the normal lending interest rate floor by up to 2.4%/year. The incentive is for legal customers and private enterprises operating in production and import-export business with short-term capital needs. In addition to credit incentives, enterprises participating in the program will enjoy preferential deposit interest rates, preferential service fees and preferential foreign currency exchange rates. Agribank reduces fees for international payment fees, trade finance and foreign currency exchange rates, etc. until June 30, 2025. Along with that, Agribank continues to spend 10,000 billion VND to implement a preferential credit program for small and medium-sized enterprise customers with interest rates up to 1.5% lower per year than the normal lending interest rate floor. Lending to individual customers producing and trading OCOP products with preferential interest rates up to 2.0% lower per year than the normal lending interest rate floor...

In addition to investing capital for businesses, Agribank branches in the province also provide modern banking services, including account services, deposits, centralized capital management services, insurance, domestic and international payment services and many other banking products and services.

With flexible solutions, mechanisms, and preferential interest rate programs, Agribank branches in the province always accompany businesses to gradually stabilize and expand production and business activities, creating jobs with stable income for thousands of workers. In the coming time, banks will continue to effectively implement the Connection Program, promptly remove difficulties, create favorable conditions in the production and business process of enterprises, especially enterprises operating in the agricultural and rural areas, with the goal of effective growth and together moving towards a green, clean, safe and sustainable agriculture.

Article and photos: Khanh Phuong

Source: https://baothanhhoa.vn/dong-hanh-cung-doanh-nghiep-phat-trien-ben-vung-224175.htm