Provincial Women's Union and Agribank Lao Cai II branch signed an inter-sectoral agreement

On November 19, the Lao Cai Provincial Women's Union and the Bank for Agriculture and Rural Development of Vietnam - Lao Cai II Branch (Agribank Lao Cai II Branch) held a signing ceremony of an inter-sectoral agreement on implementing credit policies to serve agricultural and rural development according to Decree 55/2015/ND-CP of the Government.

Scene of the signing ceremony.

The agreement continues to promote the effective cooperation between the two units over the past 8 years, contributing to the transmission of Agribank 's credit capital to female members to invest in production and increase income. In particular, many low-income members without collateral have had the opportunity to access loans to expand production and stabilize their lives.

Leaders of the Provincial Women's Union and Agribank Lao Cai II Branch signed an agreement to coordinate the implementation of agricultural and rural credit.

In the period of 2018 - October 2025, through the loan groups managed by the Women's Union, the loan turnover of Agribank Lao Cai II Branch reached 3,550 billion VND. The entire branch has established 68 loan groups with 1,261 members; total outstanding loans reached 177 billion VND, the bad debt ratio remained at 2.5%. The average outstanding loan per group reached 3 billion VND/group; the average outstanding loan per household increased from 84 million VND in 2018 to 140 million VND in October 2025 (an increase of 55.5 million VND/household). The timely capital has helped people proactively expand production, develop family economy , contributing to improving the lives and local economy.

Agribank Lao Cai II Branch is currently providing loans to 100% of villages, hamlets and communes in the province, continuing to affirm its role as a 100% state-owned commercial bank in investing in agriculture, rural areas and local women.

Comrade Dinh Minh Ha - President of the Provincial Women's Union spoke at the signing ceremony.

According to the agreement, the Lao Cai Provincial Women's Union will strengthen coordination with Agribank branches and local authorities in promoting agricultural and rural credit; popularizing non-cash payment policies; and regularly exchanging information with banks to handle arising problems. The Union will also coordinate with Agribank Lao Cai II Branch to implement programs and projects to help members access loans conveniently and quickly.

Comrade Nguyen Ngoc Thuan - Director of Agribank Lao Cai II Branch spoke at the signing ceremony.

As for Agribank Lao Cai II Branch, the unit affirmed that it will continue to expand lending through loan groups, simplifying procedures to create maximum conditions for women to borrow capital to develop production. Agribank also aims to consolidate and develop loan groups to improve the scale and quality of credit; at the same time, promote the development of digital banking, helping women members access safe and convenient financial services.

Source: https://baolaocai.vn/hoi-lien-hiep-phu-nu-tinh-va-agribank-chi-nhanh-lao-cai-ii-ky-ket-thoa-thuan-lien-nganh-post887159.html