People get rich from Agribank Thanh Hoa loans

In the country's socio-economic development, agriculture, farmers and rural areas (nong and agribusiness) always play a key role. Especially in Thanh Hoa, a locality with a large area and population, Agribank has affirmed its role as a leading commercial bank, a pioneer in deploying credit to serve the development of nong and agribusiness.

Agribank Thanh Hoa has helped many farming households get rich on their homeland.

With the mission of serving agriculture, Agribank Thanh Hoa branch (Agribank Thanh Hoa) always closely follows the policies of the Party, the State, the State Bank 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 lives and contribute to building new rural areas.

Preferential capital - a support for people to rise up and get rich

An Nong Commune, Trieu Son District is one of the bright spots in the high-tech agricultural development movement thanks to the cooperation with Agribank. Mr. Le Van Phuong, a farmer member of the commune, has been involved in frog farming for more than 30 years. Initially, he only raised frogs on a small scale, with unstable income. But since accessing preferential loans from Agribank, his model has made great strides.

Currently, Mr. Phuong has a large-scale frog farm with more than 2 million frogs, generating annual revenue of up to 3.5 billion VND, with a stable profit of about 50%. He also raises eels and loach to diversify the products supplied to households in and outside the province. Mr. Phuong's farm has created stable jobs for 6 local workers, with a stable income.

Mr. Phuong used to work in Hanoi with a salary of 15 million VND/month, but due to the high cost of living and having to support two children through college, he decided to return to his hometown to start a business. Thanks to that, his two children have now graduated from college and have stable jobs at large Japanese and foreign companies. His youngest son is also about to enter university.

Mr. Phuong shared: “I am currently borrowing 500 million VND from Agribank to maintain production, however, I really hope to continue to access more preferential capital from the agricultural credit program to import more food, seeds and provide technical support to the surrounding people.”

Not only Mr. Phuong's family, many other farming households in Trieu Son have also risen up thanks to the support of Agribank. One of the other outstanding models is that of Mr. Khuong Chi Dinh, a member of the Farmers' Association of Dan Quyen Commune, Trieu Son District.

Starting with only a loan of 200 million VND from Agribank, he boldly invested in a model of raising French-bred pigeons combined with deer. Currently, Mr. Dinh has increased the total loan to 2 billion VND. His farm raises 5,000 pairs of pigeons with a closed process from breeding to selling, shortening the growing time to 30 days. On average, he sells a batch of pigeons to the market every week, mainly supplying to large suppliers in Hanoi and Da Nang. At the same time, 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 effectively invest in economic development.

The revenue from Mr. Dinh's family model is very promising, reaching 1.5 billion VND in 2022, an average of 1.3 billion VND/year in 2023 and 2024, the revenue in the last 2 years has decreased due to the decrease in market prices. Currently, his farm employs 3 regular workers, each with a stable income of 8 million VND/month.

Mr. Dinh shared: "Thanks to preferential credit capital from Agribank and the dedicated guidance of bank staff, I can confidently invest in expanding the scale, contributing to improving the family economy and creating more jobs in the locality."

Agricultural credit is the driving force for new rural development

In recent years, Agribank Thanh Hoa's business activities have recorded many positive signals. By the end of April 2025, total mobilized capital reached VND 28,132 billion, up 7.2% compared to the beginning of the year. Total outstanding loans reached VND 28,539 billion, up 3.8% compared to the beginning of the year. Service revenue increased by nearly 10% over the same period. It can be said that most of the key indicators have grown steadily and closely followed the planned progress, creating an important foundation for Agribank Thanh Hoa to complete and exceed the plan for the whole year of 2025.

Mr. Nguyen Thuan Phong - Director of Agribank Thanh Hoa said: The branch always clearly identifies its role as a key bank in investing in agriculture and rural areas. Currently, outstanding loans in this field account for 85% of total outstanding loans. We have implemented many synchronous solutions: lending through loan groups, preferential credit programs, shortening appraisal time, transparent procedures; at the same time, closely coordinating with the Farmers' Association and the Women's Union to propagate and disseminate credit policies serving the development of agriculture and rural areas to customers in the area. In the coming time, Agribank Thanh Hoa will continue to improve service quality, expand digital credit and especially promote the role of mobile transaction points to reach people in remote areas. Agribank Thanh Hoa will always accompany, listen to customers' opinions, support, and create all conditions to help people have enough capital to implement production and business plans, overcome difficult times, stabilize and develop, contribute to building new rural areas in the area and effectively implement Decree 55/2015/ND-CP of the Government on credit policies serving agricultural and rural development.

The bank aims to reduce the number of processing contacts and shorten the time for loan approval. Especially for the agricultural sector, seasonal loans and group loans have helped people access more quickly and conveniently. In addition, to create maximum conditions for borrowers, expanding the form of collateral such as using agricultural machinery and agricultural products instead of large fixed assets is also being studied and applied. 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 activities to optimize the loan process and reduce administrative procedures for customers. People can easily conduct financial transactions through the Agribank E-Mobile Banking application, from transferring money, paying bills, to recharging phones, making savings deposits, and registering for online loans.

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 economy but also contributes to building a sustainable rural community, minimizing the situation where people have to resort to black credit. The close cooperation between the bank and farmers will continue to be the key to promoting the strong development of Thanh Hoa's rural areas in the coming years.

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