Aiming at the mission of serving the community and developing the high-tech agricultural economy, Bac A Commercial Joint Stock Bank ( BAC A BANK ) is currently one of the banks actively implementing the Rural Finance Project III (RDFIII) - sponsored by the World Bank (WB) and the Bank for Investment and Development of Vietnam (BIDV) as the focal bank.
BAC A BANK has signed a re-lending contract with BIDV and officially become a member bank, providing preferential capital from RDFII to individuals, cooperatives and small and medium enterprises - determined according to Decree 80/2021/ND-CP of the Government. During the implementation process, the bank has recorded many positive results. As of December 31, 2024, the average outstanding loan balance from RDFII capital at BAC A BANK increased by 1.4 times compared to the beginning of the period, showing clear efficiency in allocating and using capital.
Continuing that momentum, BAC A BANK continues to act as an intermediary to disburse preferential capital RDFIII to support increasing economic benefits for businesses and individuals/households in rural areas, improving access to financial services in a sustainable manner.
Through this source of capital, businesses can receive funding up to 70% of the total investment of the sub-project, with a maximum limit of 2 billion VND. Interest rates from only 8.95%/year and flexible policies on collateral help customers optimize cash flow, easily implementing production and business projects in rural areas, except for major cities: Hanoi, Ho Chi Minh City, Hai Phong and Da Nang.
In particular, RDFIII capital serves a variety of investment purposes such as: purchasing production equipment, machinery, raw materials, input products... serving agricultural - industrial - service activities in rural areas. Many customers shared that this is a "practical and timely" capital flow, not only supporting production development but also helping to increase income and create stable jobs for local workers.
In addition to its financial support role, the Project also contributes to raising public awareness of environmental protection and sustainable development - this has also been the consistent orientation in BAC A BANK's development strategy since its inception. The effective implementation of RDFIII not only demonstrates the Bank's commitment to spreading comprehensive finance, but also affirms its efforts to realize the investment strategy in high-tech agriculture, promote comprehensive rural economy, gradually build a closed value chain and improve the efficiency of agricultural production in Vietnam.
As the Director of AKD Transport Company Limited, which benefits from the RDFII Project and is in the process of completing the loan application from RDFIII, Mr. Luu Quang Thanh excitedly shared: "Operating in the field of road freight transport in rural areas, we understand that financial barriers are always the biggest challenge in the process of expanding our operations. The capital from the Rural Finance Project II (RDFII) that BAC A BANK connected has truly become an important boost, helping us upgrade our transportation system and access the market."
With a customer-centric orientation, BAC A BANK is committed to accompanying businesses in effectively accessing capital from RDFIII - contributing to promoting the transformation of rural economic structure towards multi-value integration, increasing added value and sustainable development. BAC A BANK staff is not only always ready to advise and support procedures to ensure quick, transparent and effective access to capital, but also closely following reality, receptive to learning about the economic characteristics of each region. From there, the Bank can connect financial resources with the unique agricultural advantages of the locality - opening up a direction for long-term sustainable growth for both businesses and the community.
For more information, please refer to the Rural Finance Project Funding Program III (RDFIII) Handbook : or visit the website: www.baca-bank.vn , contact BAC A BANK branches/transaction offices or Customer Care Center: 1800 588 828.
Source: https://daibieunhandan.vn/bac-a-bank-dong-hanh-cung-doanh-nghiep-tiep-can-nguon-von-phat-trien-nong-nghiep-nong-thon-tu-du-an-rdfiii-10374297.html
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