Support for business development

To unblock capital flows, Agribank Tuyen Quang branch has actively invested in credit, helping customers access capital quickly and effectively.

With a loan of 5 billion VND from Agribank Son Duong, Word Win Win Company Limited (Son Duong) has realized its production and business goals. Ms. Nguyen Thi Thu Ha, Director of the Company, said: The company's business line is to produce connecting cables for electronics and refrigeration factories at home and abroad. Although there are many customers, the capital source is limited, so the company only produces on a small scale. Fortunately, in 2023, Agribank Son Duong branch has created all conditions for the company to access long-term capital. With an additional 5 billion VND in long-term loans, the company will expand its production scale without worrying about interest rate pressure. According to Ms. Ha, the company will expand from 3 factories to 5 factories, attracting about 50 more workers, the expected production volume will increase by about 60%, which will certainly meet the highest demand for goods for customers.

Ho Toan Joint Stock Company (Yen Son) is an enterprise that effectively uses Agribank's products and services to invest in developing dairy farming.

From the loan capital from Agribank, Thanh Tuyen Investment and Construction Consulting Joint Stock Company, located at Group 13, An Tuong Ward ( Tuyen Quang City) has revived its production and business activities to make a profit. Mr. Pham Trung Nghia, Director of the company, shared: In 2022, the company invested in fattening buffaloes, but the price of buffalo meat continuously decreased, the capital source did not generate profit but gradually depleted. In the most difficult times, the company was facilitated by Agribank to access preferential loans. From the loan capital, the enterprise has changed its business direction, from livestock farming to forestry processing and construction of small and medium-sized works. According to Mr. Nghia, on average, each month, the enterprise purchases and processes and supplies from 7 to 10 thousand m3 of round wood and wood chips to 2 companies: An Hoa Pulp and Paper Joint Stock Company and Woodsland Tuyen Quang Joint Stock Company. In addition, Thanh Tuyen Investment and Construction Consulting Joint Stock Company also cooperated to invest in developing pig farming and silkworm farming. Mr. Nghia happily affirmed: The company's revenue increased by 30% compared to before, starting to make a profit, creating jobs for 15 workers.

Supporting small and medium enterprises, Agribank Tuyen Quang has been expanding its business area into other fields of large-scale industrial production. Currently, Agribank Tuyen Quang cooperates with Agribank Yen Bai to sign a credit contract with a total capital of over 960 billion VND for Song Lo 7 Hydropower Joint Stock Company to borrow capital, of which, Agribank Tuyen Quang meets 60% of the total capital.
According to the report of Agribank Tuyen Quang, by the end of April, the mobilized capital of Agribank Tuyen Quang reached nearly 12,900 billion VND; outstanding credit balance was over 12,300 billion VND, a growth rate of over 4.3% compared to 2024. In particular, loan turnover for corporate customers reached over 960 billion VND, bringing the total outstanding debt of this customer segment to nearly 3,300 billion VND, accounting for 27% of the total outstanding debt of the Branch.

Mr. Dao Quang Uy, Deputy Director of Agribank provincial branch, said: Agribank's business strategy is to bring prosperity to customers and wherever there are customers, there is Agribank. On April 28, Agribank held a conference connecting banks with corporate customers. Agribank committed to continuing to implement solutions to increase access to capital, promote credit growth, including proactively adjusting lending interest rates, implementing large-scale credit programs to encourage and support customers to use capital to invest in production and business, and promote economic growth.

Source: https://baotuyenquang.com.vn/tro-luc-cho-doanh-nghiep-phat-trien-211449.html