Agribank capital flows help Cu Chi grow strongly

Coming out of the resistance war to save the country, the legendary land of Cu Chi - once known as "The land of steel and bronze", is growing stronger day by day, bringing a new dynamic and modern appearance. Contributing to that development is the important role of bank credit capital, in which Agribank is one of the main pillars that has persistently supported the people and businesses here to invest in production, business, and develop the local economy.

Flowers bloom on steel land

Located in An Nhon Tay and Trung Lap Ha communes (Cu Chi district), Duc Sang orchid garden of Ms. Trinh Nguyen Anh Thu is one of the typical models of effective agricultural production, bringing high economic value. Starting from the first 5,000 mokara orchid roots, Ms. Thu quickly expanded the area to 6 hectares with 250,000 mokara orchid roots of various types. Currently, Ms. Thu's orchid garden harvests 6,000 - 7,000 branches per day, of which 70% are sold domestically, the rest are consumed in Cambodia, bringing in an average revenue of more than 1 billion VND/month.

To have resources for this strong development, Ms. Thu said that, in addition to the support of the People's Committee of Cu Chi district in accessing the city's agricultural restructuring incentive policy, she also received very timely support in terms of capital from Agribank Cu Chi branch.

With a capital of 19 billion VND borrowed from Agribank Cu Chi branch, Ms. Thu has expanded the area, invested in greenhouses, automatic irrigation systems, seedlings, agricultural materials, etc. to help increase productivity and product quality. In particular, the bank's preferential interest rate has significantly reduced the financial burden and created favorable conditions to maintain a stable cash flow during the production process.

The support of Agribank Cu Chi branch is a timely support that helps her grasp the opportunity and rise strongly. During the loan process, she also received enthusiastic support from the bank from the loan, disbursement, debt restructuring, and interest rate reduction during difficult times.

Similarly, Thien Nhien Viet Import Export Company Limited - a company specializing in the production of vegetable, root and fruit powders under the Quang Thanh brand has also had strong development. Although it has only been in operation for less than 10 years, this company has achieved many admirable achievements: 4-star OCOP certification, recognized as a Golden Agricultural Product of Ho Chi Minh City; Outstanding Rural Agriculture title at the city and national levels.

From the first 1 hectare of raw vegetables in Cu Chi, up to now, Thien Nhien Viet has expanded the raw material area to 200 hectares in many other localities. Currently, Quang Thanh branded products are not only widely available in large supermarket systems and reputable distribution chains nationwide, but are also exported to many countries around the world.

Looking back at the company's development over the years, Mr. Nguyen Hong Bac, Director of Thien Nhien Viet Import-Export Company Limited, especially emphasized the accompanying role of Agribank Cu Chi branch right from the early days of starting the business. Because the property was located in a suspended planning area, most banks refused the company's loan requests, leading to great difficulties for investment and production activities. When it seemed like the company had reached a deadlock, Agribank Cu Chi branch opened a new direction, helping the company access timely loan sources.

“The support from Agribank Cu Chi branch is very meaningful, helping the company have resources to invest in new technology to improve product quality and expand the market. Without that companionship, we probably could not have achieved the sustainable development we have today,” Mr. Bac shared.

With many proactive and creative solutions, Agribank Cu Chi branch has become an important fulcrum in the local economic development.

Together for development

Duc Sang Orchid Garden and Thien Nhien Viet Import Export Company Limited are just two of many agricultural production models that have proven to be highly effective in Cu Chi. Like flowers blooming on the land of steel, these models have a direction that is suitable for market demand and have developed strongly thanks to the intelligence and creativity of business people and timely support from Agribank loans.

In particular, Agribank Cu Chi branch staff have had many proactive and creative solutions in approaching and providing credit capital to customers, contributing to spreading capital flows to the economy. Mr. Le Van Dung, Deputy Director in charge of corporate customers, Agribank Cu Chi branch said that in recent years, the branch has proactively created close connections with the network of local administrative units, to each residential group, neighborhood, Farmers' Association, Women's Association, production groups... to grasp the needs of customers as soon as possible. This network of agencies and units is also a reliable and effective information channel for the branch in assessing the capacity of customers, thereby providing appropriate and effective lending options.

Thanks to that, Agribank's credit flow has penetrated all the villages and hamlets of Cu Chi, like an underground stream that adds vitality to this land that is hot and dry all year round. Every year, the preferential credit programs implemented by Agribank are disseminated by branches in many forms to customers.

Accordingly, in just the first two months of 2025, the loan turnover for the agricultural and rural sector at Agribank Cu Chi branch reached approximately 510 billion VND, bringing the total outstanding loans for this sector at the branch to nearly 4,050 billion VND, accounting for over 98% of the branch's total outstanding loans.

At the Bank - Enterprise Connection Conference held in Cu Chi recently, Mr. Le Dinh Duc, Vice Chairman of Cu Chi District People's Committee, assessed that the close connection between customers and banks has created favorable conditions for both sides to develop together, thereby promoting local enterprises to develop production and business, contributing to the economic growth of the district.

50 years after the liberation day, every inch of land and people of Cu Chi are continuing to affirm their mettle and will to overcome all difficulties and obstacles to rise up in the process of economic construction and development. Currently, Cu Chi is welcoming a series of large infrastructure projects such as Ho Chi Minh City - Moc Bai Expressway, National Highway 22, Ring Road 3, Metro Line 2... to become a new satellite city of Ho Chi Minh City. In the journey of rising up this historic land, Agribank Cu Chi branch will continue to have new and suitable solutions in providing capital for people and businesses to develop the economy sustainably, contributing to creating a new face for the heroic revolutionary land.

Source: https://thoibaonganhang.vn/dong-von-agribank-tiep-suc-cu-chi-vuon-minh-manh-me-163512.html