Agribank Lam Son: Launch pad for clean and high-tech agriculture in Thanh Hoa

Support farmers to develop high-tech agricultural models

One of the clear examples of Agribank Lam Son's support is the story of Mr. Ha Cong Dang, Director of the High-Tech Cooperative in Xuan Phu Commune, Tho Xuan District. Starting from working as an employee at high-tech companies, Mr. Dang decided to return to his hometown to start a business. Thanks to a loan from Agribank Lam Son, he has built nearly 1 hectare of greenhouse to grow cantaloupe, bringing in a profit of about 60% and an annual revenue of more than 1 billion VND. His cooperative currently has 6 main employees, at times up to 10 people, and has also transferred cantaloupe growing techniques to 14 households in the area.

The model of growing cantaloupe in greenhouses using high technology brings high economic efficiency.

Similarly, Mr. Nguyen Hai Dang in Tho Xuong commune, Tho Xuan district has developed a model of growing red pomelos and guavas since the early difficult years. With loan support from Agribank Lam Son, Mr. Dang has built a large-scale area of ​​red pomelos and guavas, creating jobs for 11 regular workers and achieving an annual revenue of about 1.5 billion VND. His products are not only consumed locally but also expanded to major cities such as Hanoi, Da Nang and through online channels such as Facebook and YouTube.

As the owner of the largest grapefruit garden in the area, Mr. Dang said: In 2020, the Luan Van Hai Dang grapefruit product of Lam Son - Sao Vang Modern Agriculture Company Limited, whose director is his son Nguyen Viet Dung, was evaluated and ranked as a 4-star OCOP product. Luan Van grapefruit is not like other grapefruit varieties, because it must be planted from the 5th year onwards to produce a stable harvest. In terms of economic value, grapefruit normally costs 120,000 VND/fruit. However, on the days before Tet, the selling price of grapefruit can increase from 200,000 VND - 250,000 VND/fruit. Red grapefruits presented to the king with calligraphy cost about 350,000 VND/fruit. A pair of beautiful grapefruits considered VIP can even cost more than 1,000,000 VND.

Luan Van grapefruit has been recognized by Thanh Hoa Provincial People's Committee as a 4-star OCOP product.

Flexible credit policy, supporting clean and high-tech agriculture

Agribank Lam Son has implemented many preferential credit programs to support the development of clean and high-tech agriculture. According to Mr. Hoang Thanh Quang, Director of Agribank Lam Son, the branch has developed a plan and proposed many solutions to implement agricultural and rural loans according to Decree No. 55/2015/ND-CP. In particular, the branch has reduced costs, reduced input mobilization interest rates many times to adjust lending interest rates; directly supported customers to help restore production and business activities.

In addition, Agribank Lam Son also implements lending programs targeting subjects in the fields of agriculture, rural areas, and farmers such as: Loan program for investment, production, and trading of OCOP products; loan program for small and medium enterprises. By the end of April 2025, the total mobilized capital of the branch reached over 1,177 billion VND, an increase of 160 billion VND compared to the beginning of the year; total outstanding loans reached 1,380.6 billion VND, an increase of 68 billion VND compared to the beginning of the year; in which, loans mainly serve agriculture and rural areas.

Customers transact at Agribank Lam Son branch

Credit policy for farmers is not simply providing capital but also a strategic tool to minimize financial risks in agricultural production. In the context that farmers often face many uncertainties such as natural disasters, epidemics or price fluctuations, having a stable and timely source of capital becomes a decisive factor to maintain production and life.

Through the 50,000 billion VND package, a series of large projects on high-tech agriculture and clean agriculture have come into operation and brought high economic value, contributing greatly to economic growth. At the same time, Agribank has implemented a loan program for production and business of OCOP products, applied to 3-5 star OCOP products, with interest rates up to 2.0% lower per year than the VND lending floor according to Agribank's regulations in each period.

Promoting the achieved results, in the coming time, Agribank Lam Son will proactively improve and simplify lending procedures and processes to improve customers' access to credit capital. At the same time, proactively and flexibly deploy many solutions to effectively promote credit growth associated with controlling and improving credit quality, directing credit capital flows to key economic programs of the district, production and business sectors, priority sectors, serving the growth drivers of the socio-economy in the district; thereby, contributing to promoting the restructuring of the agricultural sector and building new rural areas in the area.

With its continuous efforts, Agribank Lam Son continues to affirm its role as a launching pad for clean and high-tech agriculture in Thanh Hoa, contributing to building a modern, sustainable and prosperous agriculture.

Source: https://thoibaonganhang.vn/agribank-lam-son-be-phong-cho-nong-nghiep-sach-va-cong-nghe-cao-tai-thanh-hoa-164068.html