A fulcrum to help farmers have capital for production and economic development

Together with Agribank Nong Cong credit officers to check the use of loan capital at the family of Mr. Nguyen Dinh Tiep, owner of a comprehensive farm in Thai Son village, Trung Chinh commune, he shared: "Recently, the epidemic situation, economic difficulties, especially the high prices of food and breeding animals have created financial burdens for the family. However, with the sharing and companionship of Agribank Nong Cong, especially in supporting the reduction of loan interest rates, it has created motivation to help the family overcome difficulties and maintain stable operations. Hopefully, the banking industry in general and Agribank Nong Cong in particular will continue to implement many preferential loan packages and reduce interest rates to support businesses and business households in the area to overcome difficulties, maintain and expand the scale of production and business".

Many households in Nong Cong commune received loans from Agribank to invest in effective economic development.

Over the years, the Bank for Agriculture and Rural Development, Nong Cong - Nam Thanh Hoa Branch (Agribank Nam Thanh Hoa) has continuously diversified and improved the quality of products and services to effectively mobilize capital, creating the most favorable conditions for organizations, individuals and enterprises to access investment loans, expand production and business scale. In particular, determining capital as a premise for the bank to deploy and expand business activities, Agribank Nong Cong has always proactively sourced capital, creating the most favorable conditions for organizations, individuals and enterprises to access capital for investment in production and business. Doing well in capital mobilization, the bank has actively promoted and encouraged customers to deposit money in many flexible and convenient forms to mobilize idle capital from the people and economic organizations; innovated service style, creating the most favorable conditions for customers to come and transact. Implementing many capital mobilization promotion programs, savings and rewards... Agribank Nong Cong has created trust and encouraged customers to deposit money. In addition, the bank also assigned specific capital mobilization targets to each staff member, in order to promote the sense of responsibility, initiative and creativity in capital mobilization. As of early November 2025, the total mobilized capital of Agribank Nong Cong reached 3,057 billion VND.

To ensure credit for agricultural and rural development, Agribank Nong Cong is focusing on improving marketing activities and appraisal quality; promoting pre- and post-loan inspection and examination; training to improve staff skills and qualifications; developing retail banking services and closed banking services for customers who have relationships with the branch. Innovating transaction style towards professionalism and modernity, creating a friendly transaction space. Reviewing and balancing to fully meet capital needs for customers in the area, focusing on lending objects for agriculture, rural areas, production enterprises with good financial status, cooperatives, and production recovery enterprises. Carrying out the mission of serving "three farmers", the bank always prioritizes capital sources, effectively implementing credit programs for agricultural and rural development policies, priority areas under the direction of the Government, the State Bank and the orientation of the province and localities. To date, the branch's outstanding debt has reached VND2,877 billion with 10,489 customers borrowing capital. In addition, in localities affected by natural disasters, the bank has urgently inspected and reviewed the level of damage of each borrower. At the same time, it re-evaluated the collateral and production and business plans to have timely financial support solutions, helping people restore production activities. To date, Agribank Nong Cong has considered waiving interest for more than 650 customers who suffered heavy losses with outstanding debt of more than VND87 billion. Along with that, the bank has implemented debt restructuring measures, supplemented new loans, and promptly handled risky debts, helping people overcome difficulties soon.

Mr. Do Chu Huy Anh, Director of Agribank Nong Cong, said: To improve service quality and serve customers, the bank has promoted administrative reform, simplified loan application procedures; publicly and transparently posted credit policies; assigned staff to actively follow the locality, grasp people's needs to advise and implement appropriate credit programs. Organized training on loan application procedures for loan group leaders in villages and sub-regions. At the same time, proactively coordinated with Party committees, authorities of communes, and mass organizations to propagate to people to clearly understand credit policies serving agriculture and rural areas. Focused on credit investment for households developing agricultural economy, livestock farming in the direction of concentrated farms; establishments, enterprises developing production, and cooperatives.

Accompanying and sticking with farmers, Agribank Nong Cong has become a close friend, a fulcrum to help farmers have capital for production, develop the economy, escape poverty sustainably and become rich, contributing to gradually changing the face of the countryside.

Article and photos: Khanh Phuong

Source: https://baothanhhoa.vn/diem-tua-giup-nong-dan-co-von-san-xuat-phat-trien-kinh-te-269093.htm