Investing capital for economic development

Mr. Le Van Tuong's family in Linh Son commune received a loan from Agribank Lang Chanh to invest in expanding production and doing business effectively.

As a customer who has been with Agribank Lang Chanh for many years through saving money and borrowing capital to build a household wooden furniture factory, Mr. Le Van Tuong, Linh Son commune, has just received a disbursement of 100 million VND from the bank. From this source of capital, he has invested in buying more machinery and equipment, thereby increasing capacity and product quality to expand the market and customers, creating jobs with stable income for 4 workers.

In order to have capital to meet local credit needs, Agribank Lang Chanh has focused on taking good care of traditional customers, expanding marketing to new customers, effectively implementing capital mobilization programs, attracting idle capital sources in the community. The bank has focused on lending capital for production development, especially lending for agriculture, rural areas, traditional craft development, lending for farm economic development, afforestation... At the same time, actively improving processes, shortening project appraisal time, loan plans and increasing loan limits for customers. Closely coordinating with local authorities to remove difficulties and obstacles for customers such as loan limits and mortgaged assets. Along with that, many preferential credit programs have been implemented, supporting low interest rates to help people invest in production and business development. Thereby creating jobs, increasing income, promoting local socio-economic development.

To create the best conditions for customers to access capital conveniently, Agribank Lang Chanh has actively deployed electronic banking services and cashless payments. The bank has coordinated with telecommunications enterprises to improve internet infrastructure in remote areas, contributing to narrowing the digital gap between regions. Agribank Lang Chanh staff regularly organizes training sessions, instructing people on how to use smartphones, register to use Agribank Plus services, use e-wallets for convenient payment and transfer, reducing risks in using cash.

Mr. Le Van Phuc, Giao An commune, shared: "At first, I was hesitant because I was not proficient in technology, but after being thoroughly instructed by bank staff, I now know how to use a smartphone to make transactions via Agribank's application very conveniently. I mostly use online payments for tuition, electricity bills... to reduce travel time."

Mr. Dinh Van Tinh, Director of Agribank Lang Chanh, said: “The bank has proactively coordinated with the Party Committees, authorities of communes, and mass organizations to propagate to the people to clearly understand the credit policy serving agriculture and rural areas. Focus on credit investment for households developing agricultural, forestry, and livestock economies in the direction of concentrated farms, and establishments and enterprises developing production. At the same time, pay attention to innovating the transaction style in a professional and modern direction, creating a friendly transaction space. In order for capital to reach farmers, Agribank Lang Chanh staff have gone to the grassroots to advise and guide people to borrow capital and use capital for the right purpose and effectively. Review and balance to fully meet the capital needs of customers in the area, focusing on lending objects for agriculture, rural areas, production enterprises with good financial status, cooperatives, and enterprises recovering production...”.

By mid-August 2025, the total outstanding debt of Agribank Lang Chanh reached nearly 1,000 billion VND, with more than 6,200 customers borrowing capital, an increase of 6.7% compared to the beginning of the year. In addition to proactively coordinating with local authorities at all levels to propagate and guide people to grasp the conditions and procedures for loan applications, the bank also regularly increases the unsecured loan limit, helping people access capital easily and conveniently.

In addition, the bank has also had very practical policies to support people in borrowing capital to reduce difficulties and develop production and business, such as: reducing interest rates for medium and long-term loans; reducing interest rates for new loans many times, many preferential interest rate packages for individual and corporate customers such as the preferential loan package for individuals of 11,000 billion VND and the preferential loan package for corporate customers of 20,000 billion VND. From the preferential capital of Agribank Lang Chanh, hundreds of thousands of households in the communes of Linh Son, Dong Luong, Van Phu, Giao An have actively risen up to develop the economy, enrich themselves legitimately, and create more stable jobs with good income for local workers.

With flexible solutions, mechanisms, and preferential interest rate programs, Agribank Lang Chanh has been working with the Agribank system to support people and businesses to expand production and business activities, create jobs, and increase income. Thereby, actively contributing to the transformation of the local economic structure.

Article and photos: Khanh Phuong

Source: https://baothanhhoa.vn/dau-tu-nguon-von-phuc-vu-nbsp-phat-trien-kinh-te-258456.htm