Agricultural credit: A "midwife" for farmers.

The transformation of Vietnam's agricultural sector in recent years has been marked by the significant impact of credit flows. In particular, the State Bank of Vietnam's official increase in the credit program for agriculture, forestry, and fisheries to 185 trillion VND has opened a new chapter for the rural economy .

Dak Lak, with its fertile land, is facing a great opportunity as preferential capital flows are unlocked. In reality, once they have access to capital, farmers are no longer confined to small-scale household farming models but are boldly investing in large-scale models, applying science and technology to production and livestock farming.

Thanks to a loan from Agribank , Mr. Nguyen Van Anh Tuan's household (Ea Knop commune, third from the left) has additional financial resources to invest in a modern livestock farm.

As one of the households that received preferential loans from Agribank, Mr. Nguyen Van Anh Tuan, owner of a pig farm in Ea Knop commune, shared: "From my family's accumulated capital and a portion of the loan from Agribank Ea Kar Branch, my family has invested in a pig farm with a scale of 1,200 pigs." In the near future, Mr. Tuan plans to raise an additional 240 sows to ensure a steady supply of breeding stock. He believes that the loan from Agribank will be a solid foundation for his family to confidently expand the farm's scale.

Mr. Vo Tien Nam, Deputy Director of Agribank Dak Lak Branch, said that the unit always identifies its leading role in investing in the development of agriculture, forestry, and fisheries. As of March 31, 2026, the total outstanding loans of the branch reached over 25 trillion VND. Of which, loans for agriculture, forestry, and fisheries accounted for 36.2% and the retail trade sector accounted for 40.1%.

People are processing loan applications at Agribank Ea Kar Branch.

According to Mr. Nam, the implementation of credit programs, especially the 185 trillion VND package as directed by the State Bank of Vietnam, has many advantages. First, the extensive network of 28 branches and transaction offices makes it easy for people to access capital. In addition, Agribank has the advantage of long-term ties with the locality, understanding the specific production characteristics and needs of the people, thereby offering flexible credit products that suit the actual conditions. Regarding policy mechanisms, the effective implementation of Decree 55/2015/ND-CP has created conditions for many households to borrow capital without collateral, thereby shortening procedures and promptly meeting the capital needs for production.

Despite the advantages, there are still many obstacles regarding collateral. Mortgaging assets on agricultural land, especially those formed from high-tech investments, remains problematic due to legal issues and valuation mechanisms. Regarding proof of capital use, the production activities of farming households are mainly traditional, using cash and lacking invoices and supporting documents, making it difficult to meet the requirements of some credit programs. In terms of capital absorption capacity, high-tech agricultural models require large capital investments and long payback periods, while farmers remain cautious due to risks from natural disasters and diseases.

To make credit flows a truly powerful leverage, Agribank Dak Lak Branch proposes the need for a synchronized legal mechanism in recognizing investment assets on land. At the same time, it is necessary to promote the implementation and support policies for agricultural insurance to minimize the risks of natural disasters.

Rain

Source: https://baodaklak.vn/kinh-te/202604/tin-dung-tam-nong-ba-do-cho-nong-dan-a876eec/