People get rich from loans from Agribank Thanh Hoa.

In the socio-economic development of the country, agriculture, farmers, and rural areas (the "three pillars" of agriculture) have always played a crucial role. Particularly in Thanh Hoa, a locality with a large area and population, Agribank has affirmed its role as a leading commercial bank, pioneering in deploying credit to serve the development of the "three pillars" of agriculture.

Thời báo Ngân hàng•09/05/2025

Agribank has helped many farmers become wealthy on their own land.

Agribank Thanh Hoa has helped many farmers become wealthy on their own land.

With a mission to serve agriculture, farmers, and rural areas, Agribank Thanh Hoa branch (Agribank Thanh Hoa) always adheres to the policies and guidelines of the Party, the State, the State Bank of Vietnam, and Agribank Vietnam. The branch has promptly and effectively implemented many preferential credit programs to help farmers access capital for production, increase income, improve their living standards, and contribute to building new rural areas.

Preferential loans – a foundation for people to rise up and become wealthy.

An Nong commune in Trieu Son district is one of the shining examples of the high-tech agricultural development movement thanks to its partnership with Agribank. Mr. Le Van Phuong, a farmer in the commune, has been involved in frog farming for over 30 years. Initially, he only raised frogs on a small scale, with unstable income. But since accessing preferential loans from Agribank, his model has seen remarkable development.

Currently, Mr. Phuong owns a large-scale frog farm with over 2 million froglets, generating annual revenue of up to 3.5 billion VND and a stable profit margin of approximately 50%. He also combines this with raising eels and mudfish to diversify his product range, supplying households both within and outside the province. Mr. Phuong's farm has created stable employment for 6 local workers, providing them with a steady income.

Mr. Phuong used to work in Hanoi earning 15 million VND per month, but due to high living costs and the need to support two children through university, he decided to return to his hometown to start his own business. Thanks to this, both of his children have graduated from university and have stable jobs at large Japanese and foreign companies. His youngest son is also about to enter university.

Mr. Phuong shared: “Currently, I have borrowed 500 million VND from Agribank to maintain production, however, I very much hope to continue accessing more preferential capital from the agricultural credit program to import more feed, seeds and provide technical support to the surrounding farmers.”

It's not just Mr. Phuong's family; many other farming households in Trieu Son have also prospered thanks to the support of Agribank. Another outstanding example is that of Mr. Khuong Chi Dinh, a member of the Farmers' Association of Dan Quyen commune, Trieu Son district.

Starting with a loan of just 200 million VND from Agribank, he boldly invested in a model of raising French hybrid pigeons combined with deer farming. Currently, Mr. Dinh has increased his total loan to 2 billion VND. His farm raises 5,000 pairs of pigeons with a closed-loop process from breeding to selling, shortening the growth time to just 30 days. On average, he sells one batch of pigeons to the market each week, mainly supplying large distributors in Hanoi and Da Nang. Simultaneously, Mr. Dinh is also raising 15 deer to diversify his income sources.

The family of Mr. Khuong Chi Dinh, a member of the Farmers' Association of Dan Quyen commune, Trieu Son district, received a loan from Agribank Trieu Son to invest in effective economic development.

The family of Mr. Khuong Chi Dinh, a member of the Farmers' Association of Dan Quyen commune, Trieu Son district, received a loan from Agribank Trieu Son to invest in effective economic development.

Revenue from Mr. Dinh's family farm is very promising, reaching 1.5 billion VND in 2022, and averaging 1.3 billion VND per year in 2023 and 2024. The decrease in revenue in the last two years is due to falling market prices. Currently, his farm employs 3 permanent workers, each with a stable income of 8 million VND per month.

Mr. Dinh shared: “Thanks to the preferential credit from Agribank and the dedicated guidance of the bank's staff, I was able to confidently invest in expanding my business, contributing to improving my family's economy and creating more jobs in the locality.”

Agricultural credit is a driving force for the development of new rural areas.

In recent years, Agribank Thanh Hoa's business operations have shown many positive signs. As of the end of April 2025, total mobilized capital reached VND 28,132 billion, an increase of 7.2% compared to the beginning of the year. Total outstanding loans reached VND 28,539 billion, a growth of 3.8% compared to the beginning of the year. Service revenue increased by nearly 10% compared to the same period. It can be said that most key indicators have shown stable growth and closely followed the planned schedule, creating an important foundation for Agribank Thanh Hoa to complete and exceed its 2025 annual plan.

Mr. Nguyen Thuan Phong, Director of Agribank Thanh Hoa, stated: "The branch has always clearly defined its role as a leading bank in investing in agriculture and rural areas. Currently, loans in this sector account for up to 85% of the total priority loans. We are implementing many solutions simultaneously: lending through loan groups, preferential credit programs, shortening appraisal time, and ensuring transparency in the process; while also closely coordinating with the Farmers' Association and the Women's Union to disseminate credit policies serving agricultural and rural development to customers in the area. In the coming time, Agribank Thanh Hoa will continue to improve service quality, expand digital credit, and especially strengthen the role of mobile transaction points to reach people in remote areas." Agribank Thanh Hoa will always stand by, listen to customers' opinions, support, and create all conditions to help people have sufficient capital to implement their production and business plans, overcome difficult times, stabilize and develop, contribute to building new rural areas in the locality, and effectively implement Government Decree 55/2015/ND-CP on credit policies serving agricultural and rural development.

The bank aims to reduce processing steps and shorten loan approval times. Particularly for the agricultural sector, seasonal loans and group loans have helped people access loans more quickly and conveniently. Furthermore, to maximize convenience for borrowers, expanding collateral options such as using agricultural machinery and agricultural products as alternatives to large fixed assets is also being considered. Credit guarantee funds between banks and local authorities are being piloted to provide additional support for households lacking collateral. Agribank Thanh Hoa has pioneered the application of digital technology in banking operations to optimize loan processes and reduce administrative procedures for customers. People can easily conduct financial transactions through the Agribank E-Mobile Banking application, from money transfers and bill payments to mobile phone top-ups, savings deposits, and online loan applications.

With outstanding results and strong innovations in customer approach, Agribank Thanh Hoa has been affirming its position as a leading bank in the agricultural sector. The bank not only supports people in developing their household economies but also contributes to building sustainable rural communities, reducing the need for people to resort to illegal lending. The close partnership between the bank and farmers will continue to be key to promoting strong rural development in Thanh Hoa in the coming years.

Source: https://thoibaonganhang.vn/nguoi-dan-lam-giau-tu-von-vay-agribank-thanh-hoa-163926.html