5 outstanding preferential credit programs for Agribank's corporate customers in 2023

10/27/2023 8:27 PM

Accompanying businesses to solve credit needs in the final period of the year, and implementing the Prime Minister's direction in Official Dispatch No. 990/CD-TTg dated October 21, 2023 on continuing to resolutely implement solutions to increase access to credit capital, remove difficulties for production and business activities and perform the task of collecting the state budget in 2023, Agribank actively deploys 5 outstanding preferential credit programs for corporate customers in 2023.

5 outstanding preferential credit programs for Agribank's corporate customers in 2023

Preferential credit program for large corporate customers

Agribank has allocated 20,000 billion VND to implement a preferential credit program for corporate customers, corporations/general companies that need short-term loans at Agribank to ensure production and business activities, purchase of goods, raw materials, materials, fuel, etc.

The program with the most preferential interest rate of the year is for large enterprises that are in need of expanding and promoting production and business activities, applying short-term disbursements from September 25, 2023 to December 31, 2023 (or until the program scale is reached).

Preferential credit program for small and medium enterprises (SMEs) customers

The program is for small and medium-sized enterprises that need additional working capital to implement production and business plans. Preferential interest rates are up to 0.7% lower per year than the normal lending floor, depending on the term. Priority is given to the fields of production, processing, and trading of agricultural, forestry, aquatic products, salt production, high-tech agriculture, and clean agriculture.

The program lasts until December 31, 2023 or until the program budget runs out.

Preferential credit program to finance import and export customers in 2023

Incentives for enterprises producing and trading in export and import goods (exporting rice, meat, seafood, coffee, agricultural products, handicrafts, etc.; importing beverages, fertilizers, machinery and equipment, gasoline, cosmetics, construction materials, etc.).

The program lasts until December 31, 2023 and applies to short-term loans with diverse lending methods suitable for the working capital needs of each participating business.

The preferential interest rate of the program is up to 1%/year lower than the current lending interest rate floor of Agribank for each term range. In addition to the preferential interest rate, customers participating in the program also enjoy attractive incentives on foreign exchange rates and service fees.

Preferential credit program to finance investment projects in 5 key industries

Incentives for corporate customers investing in projects in 5 key industries, including processing, manufacturing, 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 park clusters; loans for investment in leased farms; investment in construction of factories and warehouses for lease.

The offer applies to medium and long-term loans with disbursement from September 20, 2023 to December 31, 2023 (or until the program runs out). Fixed interest rates for the first 2 years for medium and long-term loans, preferential interest rates from only 7.3%/year.

Preferential credit program for forestry and fishery sectors

Borrowers under the program are legal entities and individuals with projects/plans serving production and business activities in the fields of forestry (forestry and related service activities, purchasing, consuming, exporting, processing, preserving forest products) and aquaculture (exploitation, farming, purchasing, consuming, exporting, processing, preserving aquatic products).

The program will be implemented until June 30, 2024 and may end earlier when the budget is fully disbursed. The preferential interest rate of the program is at least 1% - 2%/year lower than the average lending interest rate of the same term of Agribank in each period.

In addition, Agribank also actively implements interest rate support programs according to Decree No. 31/2022/ND-CP; Social housing loan program according to Resolution 33/NQ-CP.

Continuing to promote its key role in providing credit capital, Agribank provides long-term loans to enterprises investing in pig farms for lease; enterprises implementing investment projects in construction and business of infrastructure of industrial parks/industrial clusters nationwide with unlimited loan terms suitable to the scale of the project and the enterprise's plan.

For detailed information on Agribank's credit programs for corporate customers, please contact the Customer Care and Support Center: 1900558818/02432053205 or at 2,300 Agribank transaction points nationwide.

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