Bao Phong Production and Trading Company Limited (Hoang Son commune) received a loan from Agribank Hoang Hoa to invest in expanding production and doing business effectively.
With the loan capital from Agribank Hoang Hoa, Bao Phong Production and Trading Company Limited (Hoang Son commune) has expanded its production and business scale effectively, creating jobs for many workers. Mr. Nguyen The Son, Director of the company, said: "In the process of starting up and developing the enterprise, there has always been the close companionship of Agribank Hoang Hoa. From the initial loans of only a few hundred million VND, up to now, the enterprise's credit limit granted by the bank has reached more than 5 billion VND with preferential interest rates. Low interest rates have created conditions for enterprises to invest in purchasing more machinery, expanding factories, creating jobs for more than 400 workers. In 2025, the unit strives to grow by 20 - 25% compared to 2024".
Currently, Agribank Hoang Hoa is focusing on prioritizing credit capital to implement key programs such as: lending for agricultural and rural development; individuals, production and business enterprises, export goods, lending for local economic development projects. Through credit programs, Agribank Hoang Hoa has been making important contributions to poverty reduction, new rural development, promoting the restructuring of the agricultural sector in localities. Since the beginning of the year, the bank has proactively reduced operating costs and reduced lending interest rates for each customer group. Agribank Hoang Hoa has implemented credit product packages for preferential loans for small and medium enterprises; preferential loans for large corporate customers, preferential investment project financing for corporate customers, preferential financing for import-export customers... helping businesses reduce costs in production and business activities. At the same time, the bank also strengthens the promotion and marketing of credit programs, helping businesses learn about and choose suitable credit packages. Currently, the interest rate for new loans for short-term loans is only from 4.5%/year, medium and long-term loans from 5.5%/year. Thanks to that, many farmers and cooperatives in the area have had the opportunity to expand production scale, increase income, contribute to local economic development and sustainable new rural development.
Mr. Le Nguyen Anh, Director of Agribank Hoang Hoa, said: “Investment in agriculture and rural areas is a major policy of the Party and the State. On that basis, the branch thoroughly disseminates to staff and employees, promotes propaganda on mass media to help people grasp the policy to design convenient products suitable for customers. At the same time, arrange sufficient capital to meet the needs of agriculture and rural areas. In addition, direct staff to closely follow the locality, regularly grasp the borrowing needs of each household to fully and promptly meet them. In particular, from July 1, 2025, when the two-level local government comes into operation, in order for credit activities and capital investment for people and businesses to be smooth and uninterrupted, the bank has had many solutions to continue maintaining relationships with local authorities, supporting customers in lending investment, implementing digital transformation, increasing human resources to support customers, and applying interest rate policies. incentives... to best support customers".
By the end of June 2025, the total outstanding loans of Agribank Hoang Hoa reached more than 4,068 billion VND, with more than 11,000 customers borrowing capital, the outstanding loan growth rate increased by 9.3% compared to the beginning of the year. Agribank Hoang Hoa is focusing on implementing credit programs for "green" fields, such as high-tech agricultural production, clean agriculture, organic agriculture; lending to enterprises and cooperatives, ensuring adequate and timely loan capital for investment in production and business development... With flexible solutions, mechanisms, and preferential interest rate programs, Agribank Hoang Hoa always accompanies people and businesses to gradually stabilize and expand production and business activities, creating jobs and stable income for thousands of workers.
Article and photos: Minh Ha
Source: https://baothanhhoa.vn/uu-dai-nguon-von-phat-trien-nbsp-san-xuat-kinh-doanh-254666.htm
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