Agribank branches promote lending to household economy.
While many young people tend to leave their hometowns to start a business in the city, there are young people who travel "backwards" from the city to their hometowns to start a business to bring their hometown products far and wide. Mr. Do Trong Hoc, Director of Thanh Phat Macadamia Cooperative, Cat Van Commune (Nhu Xuan) is one of them. Born and raised in a mountainous district, although he has worked for many years in enterprises in big cities, Mr. Hoc still yearns to bring high-quality crops to take root in his hometown. With that burning thought, plus the encouragement of the local government, after nearly 10 years of working for companies, accumulating a little capital and experience, in 2013, Mr. Hoc decided to return to his hometown to start a business with a completely new crop in the locality. After 4 years, his family's macadamia trees have been harvested, with a yield of about 3.5 tons/ha. Realizing that this crop is suitable for the local climate and soil, bringing outstanding economic value, Mr. Hoc wants to continue investing to cover more than 4 hectares of his family's forest hills. However, capital is still limited, but with encouragement and guidance from Agribank staff Nhu Xuan, he has built an economic development plan and established Thanh Phat Macadamia Cooperative. With working capital, he has expanded the production scale of his family and the cooperative members. On average, each year, Thanh Phat Macadamia Cooperative processes and consumes over 6 tons of dried macadamia, with a selling price of 280 thousand VND/kg, after deducting costs, for a profit of about 25%.
The success of each Agribank credit officer is not about lending customers a large amount of money, but behind that Agribank capital is the spread, inspiration, "winging" for entrepreneurs, especially young people in the countryside to start businesses, create jobs for hundreds of local workers, bring hometown products to fly high, get rich right in their homeland without having to leave their homeland. For each Agribank officer in the province, from loans of billions to loans of only 30 to 50 million VND, they must persevere. On average, each credit officer of Agribank branches is in charge of hundreds of customers. Many households and private enterprises in the province have built their businesses from the initial small loans of Agribank... The credit capital for investment in the private economic sector of the branches has always been given attention. Up to now, the proportion of investment credit for this sector accounts for about 80% of the total outstanding loans of banks. In 2024, Agribank branches in the province reduced lending interest rates 4 times, bringing the average lending interest rate at the end of the year down nearly 2% compared to the beginning of the year and among the lowest in the market.
To further support the private economic sector, in the first 5 months of 2025, units continued to reduce short-term lending interest rates by 0.2% - 0.5% to promote credit growth, while implementing 9 preferential credit programs with lending interest rates 1 - 3% lower than normal interest rates, ensuring full provision of credit products to all customers.
Not only promoting the extensive branch network from the highlands, border areas to the plains and coastal areas, to bring private economic households, small and medium enterprises closer to the bank, Agribank also deploys cooperation with farmers' associations, women's unions at all levels so that Agribank's capital always meets the production and business needs as well as the consumption needs of people and businesses. Along with proactively meeting the capital needs of production households and individuals, ensuring safe and sustainable credit growth, the branches
Agribank in the province has expanded the market along with controlling and improving credit quality and efficiency. Strictly implementing legal regulations on credit procedures; promptly adjusting, updating and supplementing customer information to household economic records to effectively serve loan appraisal and product and service development. At the same time, to prevent and limit risks, Agribank branches have directed affiliated branches and transaction offices to strengthen inspection and supervision; early detection of potential risk signs, taking measures to handle and avoid bad debt. Limiting credit granting to potentially risky fields and business lines; strengthening management of overdraft and unsecured loans; at the same time focusing on improving professional qualifications, operational skills and handling of practical situations for credit officers.
Article and photos: Luong Khanh
Source: https://baothanhhoa.vn/chap-canh-cho-kinh-te-tu-nhan-kinh-te-ho-phat-trien-250595.htm
Comment (0)