Business Connection – Agribank Binh Thuan

BTO-On the afternoon of May 7, in Phan Thiet city, Agribank Binh Thuan branch organized the trade conference "Connecting businesses - Agribank Binh Thuan".

Mr. Nguyen Huu Cau spoke at the conference.

Attending the conference were Mr. Phan Thanh En - Director of the State Bank of Vietnam, Binh Thuan branch, representatives of relevant departments and more than 100 enterprises operating in various fields in the province. The conference was chaired by Mr. Nguyen Huu Cau - Director of Agribank, Binh Thuan branch.

In the past time, Agribank Binh Thuan has implemented programs to support customers to overcome difficulties such as: Exemption and reduction of interest and fees to support customers affected by the Covid-19 epidemic with a debt structure of 1,008 billion VND in principal and 115 billion VND in interest/290 customers.

Interest exemption and reduction for affected customers is 73 billion VND/375 customers. Interest and fee exemption and reduction aims to support customers who borrow capital to overcome difficulties in the recovery period after the Covid-19 pandemic with the amount of interest and fee exemption and reduction of 75 billion VND/476 customers. Agribank Binh Thuan has restructured the debt repayment period and maintained the debt group according to Circular 02/2023/TT-NHNN at 2,590 billion VND.

At the same time, effectively deploy preferential credit packages for customers associated with the provision of other convenient products and services to attract customers, including: Preferential loans for export business customers with interest rates reduced by 2% - 2.5% compared to normal lending rates with loan turnover in 2023 reaching 52 billion VND. Loans with interest rate support from the state budget for loans of enterprises, cooperatives, and business households according to Decree No. 31 of the State Bank, the support level for customers is 2%/year. Loans to encourage the development of high-tech agriculture and clean agriculture of 290 billion VND. Preferential consumer loans for individual customers who are civil servants, public employees, and workers receiving salaries from the state budget, with interest rates reduced by 0.5% compared to normal consumer lending rates, loan turnover to date is over 21 billion VND. Consumer loan program for healthcare workers with interest rate support for customers of 1.5%/year...

Agribank leaders answer questions from businesses

Mr. Nguyen Huu Cau said: The organization of the conference is to hope that more and more customers will access preferential capital from Agribank to ensure lending activities and support businesses, thereby strengthening the bank-customer relationship, improving access to credit, access to policies and promoting credit growth, contributing to the socio-economic development of the locality...

Agribank has introduced preferential interest rate loan packages such as: Preferential package for small and medium enterprises, cooperatives, and business households of VND 10,000 billion, due December 31, 2024. Large enterprise package of VND 20,000 billion. Green sector loan package of VND 15,000 billion, with 6 industries of processing, manufacturing, warehousing, and leasing farms, with medium and long-term loan terms. Forestry and aquatic product loan package of VND 8,000 billion including production, processing, and export with medium and long-term loan terms, the package has an additional incentive of 50% reduction in export payment fees. Package for enterprises exporting agricultural, forestry, aquatic products, and logistics of VND 20,000 billion. Social housing loan package of VND 30,000 billion, due December 30, 2030, customers are construction units and home buyers with medium and long-term terms. Loans for early repayment of debt (debt repurchase) at other credit institutions. Investment project packages for industrial clusters and industrial zones, medium and long-term loan terms, loan amount equal to 70% of project costs. Loan packages to increase credit limits to expand production and business...

Through the dialogue, businesses asked many questions about loan packages, especially green products, which are a global trend. Agribank answered these questions on the spot for businesses to understand…

Agribank and businesses sign memorandum of understanding on preferential interest rate loans

Speaking at the conference, Mr. Phan Thanh En - Director of the State Bank of Vietnam, Binh Thuan branch: Agribank Binh Thuan branch has taken the lead in implementing the Party's policies and the State's policies to support customers facing difficulties such as those affected by the Covid-19 pandemic, difficulties in production and business through exemption and reduction of interest fees for customers affected by the pandemic.
Agribank's organization of the trade conference "Connecting businesses - Agribank Binh Thuan" is a great opportunity for both banks and customers to cooperate well, helping banks have more customers and businesses have more loan channels with preferential interest rates to promote production and business development...

At the end of the conference, many businesses signed a memorandum of understanding with Agribank on loans with preferential interest rates.

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