Support production development

Workers of Hieu Thuy Company Limited operate forest product processing equipment using preferential loans from Agribank Dinh Lap Lang Son Branch.

In late July 2025, we had the opportunity to visit the fattening cattle farming model of Ms. Loc Phuong Thao's family in Kien Moc commune. Ms. Thao shared: My family has been raising cattle for more than 8 years now. In 2022, with the propaganda and guidance of Agribank officials at Dinh Lap Lang Son Branch, my family set up a project to borrow 1.5 billion VND according to Resolution 08 dated December 10, 2019 of the Provincial People's Council on special policies to encourage investment, develop cooperation, link production and consumption of agricultural and rural products in the province for the period 2020 - 2025 to expand the scale of livestock farming. With the loan capital and my family's counterpart capital, I invested in barns, increased the herd to 65 commercial cows in the form of confinement and invested in planting 3 hectares of elephant grass to reserve food sources for the herd. Thanks to the timely capital support, the family's livestock farming has been very favorable. With the reinvestment, the scale of the family's cattle farm has been increasingly expanded. Currently, on average, each year, my family sells more than 70 cows to the market, bringing in an income of over 500 million VND after deducting expenses.

Not only people like Ms. Thao have access to preferential capital, recently, Agribank's loan capital has helped many businesses in the area have capital to invest in production and business development. Mr. Hoang Trong Hieu, Director of Hieu Thuy One Member Co., Ltd., Dinh Lap commune said: The business operates mainly in the field of forest product processing, the demand for capital is very high. In 2020, with the guidance of bank staff, I set up a loan project according to Resolution 08 to invest in large-scale machinery and equipment, in a short time, the bank approved a loan of 5 billion VND for the company. By 2024, the company continued to receive advice from Agribank Dinh Lap staff on suitable credit packages and completed loan procedures for more than 10 billion VND. Thanks to the timely capital support, the company has more resources to open more production facilities for forest product processing. Since then, production productivity has increased by 40 - 50%. From the beginning of 2024 until now, the company's revenue has reached about 200 billion VND, double compared to before, creating stable jobs for over 20 employees.

These are just two of many cases of preferential loans to develop production and business in the area. Up to now, the total outstanding loans at the branch have reached 645 billion VND, an increase of 66 billion VND compared to December 31, 2024, with over 2,000 customers.

Mr. Dao Viet Cuong, Director of Agribank Dinh Lap Lang Son Branch, said: In order to promptly provide capital to people and businesses, the branch has assigned credit officers to directly monitor and grasp the area to coordinate with local authorities and commune-level associations to propagate, advise and guide households to prepare loan applications and use capital appropriately and effectively. At the same time, 85 loan groups with 744 members were established to propagate the bank's preferential loan programs, especially loan programs for agricultural and rural development. Through implementation, all loan households used the capital for the right purpose and effectively.

Mr. Nguyen Hong Duc, Director of Agribank Lang Son Branch commented: In recent years, Agribank Dinh Lap Branch is one of the three leading branches in transmitting credit capital quickly and promptly to customers, without allowing capital appropriation or loan arrears. Thanks to that, over the years, the branch has been commended and rewarded by Agribank Lang Son for completing its tasks excellently.

In the coming time, the branch will continue to deploy and implement well credit policies for rural agricultural development, especially loan packages under priority programs, reducing preferential interest rates according to regulations such as: short-term loans with preferential interest rates for individual customers serving production and business; green credit loan program for individual customers; loan program serving rural agricultural development... Thereby, contributing to creating more motivation for people and businesses to develop production, strive to get rich on their homeland.

Source: https://baolangson.vn/tao-luc-cho-nguoi-dan-va-doanh-nghiep-tu-nguon-von-agribank-5053837.html