BAC A BANK participates in the international festival of Vietnam - Hau Giang rice industry 2023

Bac A Commercial Joint Stock Bank ( BAC A BANK ) participated in the Vietnam Rice Festival in a special year, marking the "transformation" of our country's rice industry to high quality value, taking green growth as the foundation.

Festival in a special year with many records set With the theme "Green Rice - Healthy Living", the 2023 Vietnam - Hau Giang International Rice Festival is organized by the Ministry of Agriculture and Rural Development in coordination with Hau Giang province and the Central Committee of the Vietnam Farmers' Union , taking place in mid-December 2023 in Vi Thanh city, Hau Giang province. The festival is an important event, affirming the role and positioning of the Vietnamese rice industry in the region and in the international arena. This is also the first time the Vietnam rice festival has been raised to an international level, attracting the participation of 37 countries, global organizations, and 12 foreign enterprises. In addition, about 30 provinces and cities have registered for the "One Commune One Product" (OCOP) program series with 60 booths.

Source: https://festivalluagao.haugiang.gov.vn/

Along with the above "telling numbers", the Festival takes place in the context that the entire rice industry is setting many new records, Vietnam is aiming to become a pioneer country in producing quality rice, reducing emissions, developing in a green and sustainable direction. 2023 is a year with many favorable factors, our country's rice export reached more than 8.1 million tons with a turnover of nearly 4.7 billion USD - an increase of 14.4% in volume and 35.3% in turnover compared to 2022, this is the highest turnover in the history of rice export of our country. Notably at this event, Bac A Commercial Joint Stock Bank (BAC A BANK) organized a booth, arranged a team of experienced staff to carry out activities to introduce diverse products and services to individual and corporate customers. Actively supporting and participating in the Vietnam Rice Festival event shows the role and efforts of BAC A BANK in supporting economic development, connecting opportunities for units and enterprises in the Vietnamese rice industry in particular and agriculture and rural areas in general; at the same time, affirming BAC A BANK's strategy of accompanying high-tech agricultural enterprises and enterprises operating in the field of food production.

Accompanying the agricultural sector with many specialized and specific products Identifying agriculture as a strong and important production sector of Vietnam, BAC A BANK always focuses on implementing and synchronizing many practical solutions and policies to accompany the fields of high-tech agriculture; planting and caring for industrial crops, vegetables, flowers, fruits; producing clean food... Designing specialized products helps the Bank get closer to the credit needs of each group of businesses by industry, easily optimizing customer benefits. Following the above programs, in 2024, BAC A BANK plans to allocate thousands of billions of VND in preferential loans to rice enterprises. In particular, BAC A BANK will coordinate with enterprises supplying seeds, fertilizers, and pesticides to sponsor farmers and agricultural cooperatives, applying mechanization and technology to build footprint-free fields. Regarding the rice industry in particular, BAC A BANK's credit activities have recently had positive investments. From August 2023, the Credit Granting product for Corporate Customers in the rice industry has been officially deployed throughout the banking system, with many unique preferential features.

Accordingly, BAC A BANK flexibly implements credit granting forms, from pre- and post-delivery lending to discounting of documents, guarantees, and factoring. More attractively, the Bank always prioritizes simplifying administrative procedures, accepting a variety of types of collateral, suitable for the business characteristics of the industry, including: Real estate, machinery and equipment, goods or debt claims with preferential loan rates on collateral value. The subjects participating in BAC A BANK's preferential credit package are enterprises exporting, supplying, producing and processing rice. By accessing capital with flexible value and terms, suitable for the needs and characteristics of the business, enterprises can make the most of every opportunity in the current "favorable time, favorable location, and favorable people" period of the industry. For detailed information, please visit the website www.baca-bank.vn, contact BAC A BANK branches/transaction offices or Customer Care Center 1800 588 828.

CLO

Source: https://www.congluan.vn/bac-a-bank-tham-gia-festival-quoc-te-nganh-hang-lua-gao-viet-nam--hau-giang-2023-post281119.html