Bank invests credit in closed livestock sector

In recent years, Gia Lai has been an attractive destination for investors in pig farming projects with a closed technology model. Following the investment and development trend in this field, in early May 2025, Agribank - Dong Gia Lai Branch signed a credit financing agreement for the Kim Ngan Son Pig Farm Investment Project invested by Kim Ngan Son Livestock Company Limited (Dong Da Ward, Pleiku City).

The project is being implemented in Ia Me commune (Chu Prong district) on an area of ​​over 27 hectares, expected to supply about 48,000 pigs each year. The total investment is 150 billion VND, of which Agribank - Dong Gia Lai branch provides credit of 98 billion VND.

Agribank Dong Gia Lai Branch signed a credit agreement to provide funding for the Kim Ngan Son Pig Breeding Project (ADVCC). Photo: Son Ca

Mr. Pham Van Huong - Executive Member of Kim Ngan Son Livestock Company Limited - said: "The capital from Agribank will create favorable conditions for the Company to build a modern closed-loop livestock farm. We expect the cooperative relationship between the two sides to be increasingly sustainable and develop to a new level."

According to Mr. Tran Quang Tuan - Deputy Director in charge of operations of Agribank - Dong Gia Lai Branch: "Gia Lai has many advantages in terms of land fund and suitable conditions to attract investment in developing closed-technology livestock farms. This is the first large-scale livestock project funded by the Branch with credit in the province".

Currently, the project is being implemented by the investor to build infrastructure. When put into operation, the entire closed-technology livestock farming process will be undertaken by CP Vietnam Livestock Joint Stock Company.

“During the project approach, the Branch researched issues related to livestock farming processes, quality control, disease prevention and control, and environmental sanitation, all in accordance with the standards of CP Vietnam Livestock Group. This is also an important factor for the Branch to consider and decide on credit financing.

Currently, Agribank-Dong Gia Lai Branch is applying an interest rate of 6-6.5%/year for the project in the first 2 years. After this project, the Branch also approached a number of other closed livestock farm projects for credit investment"- Mr. Tuan said.

BIDV Pho Nui Branch is currently providing credit for 2 large-scale closed-technology pig farm projects (ADVCC). Photo: Son Ca

Similarly, BIDV-Pho Nui Branch has just signed a credit agreement to finance the HTB sow farm project invested by HTB Land Livestock Investment Company Limited (Uar Commune, Krong Pa District). The project has a designed capacity of 2,400 sows, with a land area of ​​116,000 m2. The total investment capital of the project is over VND 101 billion, of which BIDV-Pho Nui Branch provides credit of VND 65 billion. This is the second large-scale pig farm project invested in by BIDV-Pho Nui Branch.

Mr. Huynh Quang Hung - Director of BIDV - Pho Nui Branch - informed: "To have a complete project, from the investment procedures to the project implementation steps are very strict. When we approach the project, we must ensure full legal factors and investment prospects, then we will decide to invest credit for the appropriate project".

Developing closed-technology livestock farms is an area that the province is promoting to attract investment, and is also part of the credit investment strategy of BIDV-Pho Nui Branch. Previously, BIDV-Pho Nui Branch signed a sponsorship agreement for the Ea So sow farm project (Ea Kar district, Dak Lak province).

This is a large-scale livestock project with a capacity of 5,000 sows. The total investment is over 201 billion VND, of which BIDV - Pho Nui Branch provides credit of 125.5 billion VND. Currently, the Branch has provided credit according to the project progress with an outstanding loan of 104 billion VND.

Source: https://baogialai.com.vn/ngan-hang-dau-tu-tin-dung-vao-linh-vuc-chan-nuoi-khep-kin-post323025.html