Agribank invests in developing clean agriculture and high-tech agriculture

In that comprehensive picture, Agribank - as the leading commercial bank investing in "Tam Nong", has been affirming its pioneering position in providing capital, financial solutions and accompanying people and businesses to build a modern and sustainable agriculture.

Ms. Nguyen Thi Uyen, Director of Hoang Thuc Cooperative, Yen Nguyen Commune (Chiem Hoa) takes care of mud-free eels.

Agribank always allocates more than 65% of total outstanding credit to the agricultural and rural sectors, in which the proportion of loans for clean agricultural development, circular agriculture, and high-tech agriculture is increasing. Agribank has implemented a preferential credit program with a minimum scale of VND 50,000 billion to serve clean agricultural production for public health. The program's borrowers are enterprises, cooperatives, cooperative unions, farm owners, etc. participating in stages of the chain of safe agricultural products on a large scale with loan interest rates reduced from 0.5%/year to 1.5%/year compared to loan interest rates for the agricultural and rural sectors.

From Agribank's capital, many people have realized their dream of developing clean agriculture and high-tech agriculture on their homeland.

Thanks to capital from Agribank, Mr. Nguyen Viet Lam, Khuon Phay, Khang Nhat commune (Son Duong) has pioneered the development of high-tech agriculture. This is also the model that is considered the most effective and sustainable. According to Mr. Lam, starting a business in the field of high-tech agriculture requires a lot of capital, fortunately with the support from Agribank, he has realized his dream of clean agriculture. Mr. Lam said: With 8,000 m2 of production area, each year his company supplies the market with hundreds of tons of melons, sweet peppers and baby melons. Annual revenue reaches over 3 billion VND.

With more than 3 billion VND borrowed from Agribank Tuyen Quang , Ms. Nguyen Thi Uyen, Director of Hoang Thuc Cooperative, Yen Nguyen Commune (Chiem Hoa) has built a clean agriculture and circular agriculture model. Ms. Uyen shared: With the loan, she invested in developing a fattening cattle farm, livestock waste is recycled to raise earthworms; earthworms become a food source for raising eels. Ms. Uyen affirmed: Thanks to the support of Agribank, Hoang Thuc Cooperative has developed sustainably, currently with an annual revenue of nearly 3 billion VND, creating regular jobs for 5 workers.

Mr. Dao Quang Uy, Deputy Director of Agribank Vietnam - Tuyen Quang Province Branch, said: Agribank always identifies agricultural and rural lending as the focus, in which high-tech agriculture is a priority area with many incentives for customers borrowing capital. Agribank constantly strives to improve lending processes and methods, reduce costs to expand credit investment to help customers access loans quickly; at the same time, deploy solutions to shorten the time for project appraisal, loan plans and increase loan limits for customers.

Agribank has strengthened close coordination with local authorities and ministries to implement high-tech agricultural development projects, while removing difficulties and obstacles for customers such as accessing bank capital right from the project formation and mortgaged assets.

In the context of increasingly severe globalization and climate change, developing clean agriculture and high-tech agriculture is no longer an option, but an inevitable path to create safe products and ensure food security. Agribank continues to firmly adhere to its mission of serving the development of agriculture, farmers, and rural areas, accompanying the province, people and businesses to build a green, safe, efficient and sustainable agriculture - Deputy Director Dao Quang Uy affirmed.

Source: https://baotuyenquang.com.vn/agribank-dau-tu-phat-trien-nong-nghiep-sachnong-nghiep-cong-nghe-cao-214019.html