In Dien Bien province, the Bank for Agriculture and Rural Development (Agribank) is the key unit in encouraging "three-agricultural" lending. In recent years, Agribank has allocated a proportion of outstanding loans to the "three-agricultural" sector of over 50% of total outstanding loans; actively supporting and promoting economic restructuring in agriculture, contributing to hunger eradication and poverty reduction, and building new rural areas. According to statistics from Agribank Dien Bien Provincial Branch, by July 31, 2023, the total outstanding loans to the "three-agricultural" sector reached VND 3,786,393 billion, accounting for 53% of total outstanding loans, with a total of 14,932 customers. In which, focusing on the following areas: Cultivation, animal husbandry, agricultural service activities, agricultural product development; forestry and fisheries.
In 2008, taking advantage of the land, Mr. Lo Van Oai's family (Hoong Lech Cang village, Thanh Chan commune, Dien Bien district) started a business with the VAC model including: 1,000m2 of fish pond; 1.4ha of production forest; 20 Dien grapefruit trees and poultry farming. After nearly 10 years of construction and design, the model was effective, opening up an economic development direction suitable for local conditions. In 2017, Mr. Oai boldly borrowed 250 million VND from Agribank Dien Bien district to invest and expand the scale from household to farm with 4,000m2 of fish pond ; 5,000m2 of fruit trees; 3.3ha of production forest; building barns for raising large livestock. To date, the comprehensive farm model of Mr. Lo Van Oai's family has generated an income of more than 300 million VND/year. According to Mr. Oai, thanks to the loan from Agribank, he has had enough resources to convert his household economic model to a farm model. Since switching to a comprehensive farm, Mr. Oai's family has escaped poverty, their lives have improved, and their children have had the opportunity to study and develop.
In parallel with facilitating loans for projects and economic models at household scale, Agribank Dien Bien Branch always accompanies local authorities and people in implementing programs and projects on agricultural production development. For example, the Project on Restructuring the Agricultural Sector towards increasing added value and sustainable development, Agribank has created conditions for customers to borrow capital to renovate mixed gardens, buy seedlings, agricultural materials, build factories, invest in technological lines... participate in production links according to the value chain, increasing value per unit of cultivated area.
Implementing the policy of developing coffee trees in Muong Ang district, Agribank Muong Ang District Branch has created conditions for 1,383 customers to borrow capital to develop growing areas, build factories, and process coffee products with a total outstanding loan of VND 335,645 billion. Agribank has become a familiar and reputable support for households and businesses in the area.
Ms. Bui Thi Viet Ha, Ha Chung Coffee Processing Facility, Muong Ang District said: Every year, we cooperate and purchase coffee products from 3-4 garden owners with a total output of about 4-5 tons of coffee husks to process finished coffee. After many years of operation and research, in 2019, the facility successfully built Ha Chung coffee products that meet OCOP standards and are ranked 3 stars. By 2022, the facility has successfully upgraded the product rating from 3 stars to 4 stars. During its operation, the facility always has the support of Agribank, Muong Ang District Branch. When the facility needs to borrow capital, the bank always creates favorable conditions in all stages from appraisal, file approval to disbursement.
Currently, Agribank Dien Bien Branch is closely following the province's major policies on agricultural development such as: Developing specialized areas for high-quality fruit trees; macadamia tree planting projects; developing medicinal plants under forest canopy... to organize and implement programs and credit packages to help people and businesses easily access capital sources, contributing to the effective implementation of projects.
The effectiveness of prioritizing capital sources for "three rural areas" has contributed significantly to the implementation of the National Target Program on New Rural Development in the province. The capital support from the Agribank Dien Bien Provincial Branch system has contributed to promoting production, business, job creation, labor restructuring, and improving people's lives. Currently, the whole province has 1 commune meeting the advanced new rural standards, 21 communes meeting the new rural standards. According to statistics, 100% of communes meeting the new rural standards and advanced new rural standards have outstanding debts at Agribank branches in the province with a total outstanding debt of hundreds of billions of VND. To ensure timely supply of capital and convenient services to meet the diverse needs of customers, people, and businesses, Agribank has proactively researched and implemented many creative, effective, and practical ways. Accordingly, Agribank Dien Bien Province Branch has signed agreements with organizations: Farmers' Association, Women's Union; trade unions of agencies and units... to develop loan groups; deploy mobile banking using specialized cars to bring capital and many convenient banking services to serve people, especially in remote and mountainous areas, to have conditions to develop production and get rich right on their homeland.
In order to continue to unblock the flow of credit capital serving the "three rural areas", in the coming time, Agribank Dien Bien Branch will strengthen capital mobilization measures, expand the lending sector, and focus on expanding the lending target. At the same time, maintain relationships with local authorities and Party committees to develop the market, market share of loans for production households and individuals, loans by agreement, loans by groups and the agricultural and rural sectors.
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