Along with the entire Agribank system, Agribank branches in the province have continuously grown, becoming key banks leading capital to rural areas, contributing to bringing the Party's resolution on "three rural areas" (Resolution No. 26-NQ/TW dated August 5, 2008, 7th Central Conference (10th tenure) on agriculture, farmers, and rural areas) into life. Thereby, making important contributions to socio-economic development, effectively implementing the National Target Program on New Rural Development.
The mountainous district of Như Xuân still faces many difficulties in socio-economic development. Small industrial clusters; most of the craft villages are in the processing stage, limited commercial services, the young labor force is not interested in the agricultural economy or household economy in the locality. Therefore, the ability to absorb Agribank capital in the area is still limited. Faced with the above situation, Agribank Như Xuân - Nam Thanh Hoa has directed the development of a network of lending groups, increased close contact with the area, propagated preferential credit policies on agriculture to each village and hamlet; provided maximum support in procedures to unblock Agribank capital flows in the district. In addition to lending capital, Agribank Như Xuân also supports businesses with many modern payment solutions of digital banking such as: salary payment, payment of national public services, essential life services, VietQR... By the end of December 2024, the total mobilized capital of the branch reached more than 600 billion VND; Total outstanding debt reached over 800 billion VND.
Mr. Do Trong Hoc, Cat Van commune, said: “During the process of starting a business, I always received the support of capital supply from Agribank. With the trust of the Farmers' Association, I was given a loan from the bank, invested in buying 300 macadamia seedlings, converted 1ha of ineffective cassava and sugarcane to grow macadamia. I was fortunate that Agribank Nhu Xuan always created conditions for capital supply during peak periods when it was necessary to expand the model, buy dryers to process macadamia nuts, so production and business were favorable. Stable interest rates, fast capital disbursement, timely meeting the investment needs of the family, the family's economic model was very effective. After more than 4 years of testing, 1ha of macadamia trees yielded about 3.5 tons/ha, bringing in revenue of about 200 million VND/ha/year. Realizing that macadamia trees are suitable for local climate and soil conditions and bring high economic value, the family expanded the macadamia growing area to 4 hectares with 1,500 trees; the entire area has yielded stable harvests, with an estimated yield of 16 tons/year.
From the beginning of 2024 to now, the Agribank system in the province has made efforts to adjust mobilization interest rates and reduce operating costs, so it has been able to make 3 adjustments to reduce lending interest rates, with the average lending interest rate at the end of 2024 decreasing by 1.75%/year compared to the end of 2023. At the same time, actively promote Agribank's preferential credit programs to support businesses and people to recover and develop the economy such as: Preferential credit program for small and medium-sized enterprises with a scale of 10 trillion VND with the lowest interest rate of 3.5%/year; Preferential short-term loan program for individual customers serving production and business activities with a scale of 50 trillion VND with an interest rate of only 3%/year; Preferential short-term loan program for individual customers serving living needs with a scale of 10 trillion VND with an interest rate of only 4%/year. By the end of 2024, the total outstanding loans of Agribank branches reached VND 66,450 billion, an increase of VND 7,024 billion, a growth rate of 11.8%, accounting for 31% of the credit market share in the area. The promotion of credit policies in agricultural and rural development of Agribank branches has contributed to the development of diverse industries and sectors of agriculture and rural areas from cultivation, livestock, aquaculture, processing to investment and upgrading of infrastructure and rural roads in localities. Thanks to access to Agribank capital, people have more conditions to expand their scale, improve production and business skills; many farming households have applied scientific and technical advances in production, improved productivity, quality, developed household economy, and achieved high income; Enterprises in the agricultural sector have seen many improvements in business, creating many jobs for workers, and contributing significantly to local budget revenue.
In addition to business activities, during the year, Agribank branches sponsored more than 10 billion VND for charity and social security activities with outstanding activities such as: sponsoring social security for health and education; giving Tet gifts to policy families and poor households; sponsoring gratitude activities; supporting people to overcome the consequences of storm No.
Article and photos: Khanh Phuong
Source: https://baothanhhoa.vn/kien-dinh-su-menh-tam-nong-236104.htm
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