Dak Nong has easy access to agricultural capital

Flexible loan procedures

Recently, Mr. Nguyen Nhan Trung's family, Quang Son commune, Dak Glong district (Dak Nong) came to the Joint Stock Commercial Bank for Investment and Development ( BIDV ) Dak Nong Branch to borrow capital to invest in a coffee garden. After making the proposal, the bank's credit officer directly contacted him.

Agricultural Bank ( Agribank ) guides loan application for customers

The process of reviewing, preparing documents, and appraising was carried out very quickly by the bank. In less than 2 days, Mr. Trung was able to borrow 200 million VND according to his needs. With the capital, Mr. Trung promptly invested in fertilizers and irrigation systems for his garden.

“Compared to before, I find the loan procedures at the bank much more convenient. Borrowers like us only need to have a need and make a request, and the credit officer will proactively contact us. If it is favorable, the loan will be disbursed within a few days,” Mr. Trung shared.

Similarly, thanks to the quick and convenient loan procedures, Mr. Dau Van Phuong's family in Truong Xuan commune, Dak Song district ( Dak Nong ) easily borrowed 250 million VND to invest in expanding livestock farming.

Many households in Quang Son commune, Dak Glong district (Dak Nong) have borrowed capital from commercial banks to invest in gardens.

According to Mr. Phuong, currently, many credit institutions have branches in Dak Nong. The process of borrowing capital for people is more convenient. Especially farmers with a well-invested livestock system and well-developed gardens and orchards can easily access capital for production.

“For a long time, credit officers have regularly gone to the commune to introduce loan packages. People who want to borrow capital just need to contact the credit officer to complete the application. The time and procedures for borrowing are now simpler and faster. Interest rates at each credit institution are different, so people have more choices,” Mr. Phuong affirmed.

Many Dak Nong farmers have access to loans for agricultural production (Photo: Duc Hung)

According to the Joint Stock Commercial Bank for Investment and Development (BIDV) Dak Nong Branch, the bank is increasingly focusing on customers. BIDV Dak Nong is promoting improvements in the credit granting process, creating favorable conditions for customers to easily access loans, especially in the agricultural and rural sectors.

“When customers make a proposal, we assign each relevant department to process the loan application, appraisal, etc. Information about loans, interest rates, and procedural instructions are provided by us on the spot for those who need to borrow capital for production. Thanks to that, time and travel costs are greatly reduced,” affirmed the leader of BIDV Dak Nong.

Many businesses operating in the agricultural sector in Cu Jut district (Dak Nong) have access to capital from commercial banks to invest in production.

Regarding the loan process, the leader of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) Dak Nong Branch emphasized that people and businesses often have a fear of borrowing from large banks because they are afraid of strict procedures and loan conditions. To overcome this, the credit officers in charge of each area must patiently "remove" this mentality.

In the past, loan procedures, interest payment methods, interest calculation methods as well as production plans... were all directly consulted and prepared by Vietcombank credit officers. Working time and answering customer questions were also specifically and transparently determined by the affiliated departments.

T boost loan growth

Lending to agriculture and rural areas is one of the areas where credit institutions in Dak Nong prioritize capital. In particular, capital is focused on production activities, export business, supporting industries, high-tech enterprises, small and medium enterprises, etc.

According to the State Bank of Region XI, in the first months of the year, many banks in Dak Nong have simultaneously adjusted to reduce deposit interest rates, contributing to lowering lending interest rates and supporting economic recovery and development.

Many credit institutions have reduced interest rates to help people and businesses easily access credit capital to develop production and business.

Joint Stock Commercial Bank for Investment and Development (BIDV) Dak Nong Branch is always ready to provide capital for the economy.

Simplifying loan procedures has created favorable conditions for people to access capital in a timely manner. When demand increases, disbursement is quick, contributing to promoting outstanding loan growth at credit institutions.

Bank credit capital invested in this sector has contributed to increasing the value of agricultural, forestry and fishery production in the first quarter of 2025. Accordingly, in the first quarter of 2025, the province's agricultural, forestry and fishery sector reached VND 1,869 billion, an increase of 8.73% to the province's GRDP.

Agricultural capital in Dak Nong is easily accessible (Photo: Duc Hung)

Deputy Director of BIDV Dak Nong Branch Vo Quoc Viet said: “In recent years, the credit growth rate for the agricultural and rural sectors at the unit has been constantly increasing. By the end of April 2025, the outstanding loans at the unit were approximately 8,000. Of which, outstanding loans for the agricultural and rural sectors alone accounted for nearly 80%.

According to the State Bank of Region XI, by the end of April 2025, the outstanding loans of the entire economic sector in the area were nearly 53,000 billion VND. Loans to the agricultural and rural sectors alone accounted for 75%.

Capital from credit institutions contributes to creating conditions for small and medium enterprises in the province to invest and expand their scale.

Credit institutions are stepping up customer care services. Banks are focusing on statistics, situation monitoring, and credit capital investment for key industrial crops such as coffee, pepper, rubber, etc.

Credit institutions have had credit policies and timely capital allocation to facilitate people's access to loans to boost production, especially in remote areas. Digitalization and meeting the increasing needs of customers are always focused on.

In the first quarter of 2025, the mobilized capital in Dak Nong province reached about 24,770 billion VND, an increase of 5,836 billion VND compared to the end of 2024. Total outstanding loans reached about 52,893 billion VND, an increase of 7,423 billion VND compared to the end of 2024.

Source: https://baodaknong.vn/dak-nong-de-tiep-cap-von-nong-nghiep-251710.html