Prioritize credit capital for loans in the forestry and fishery sectors.

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Operating in the field of processing and exporting fish cakes and fish meal products, over the past 2 years, this enterprise has encountered many difficulties due to the impact of the epidemic and economic recession. With the guidance and support of the Bank for Agriculture and Rural Development, Thanh Hoa branch, the enterprise has been able to access a preferential credit package for loans for enterprises operating in the forestry and fishery sectors . The loan capital is large, the preferential interest rate is reduced by up to 2% compared to other regular loan packages, in addition, the enterprise also receives many other fees from the bank in the process of importing and exporting goods.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 1.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 2. — *Mr. Nguyen Nhu Long, Director of Song Viet Thanh Hoa Joint Stock Company, Thanh Hoa province*

Mr. Nguyen Nhu Long, Director of Song Viet Thanh Hoa Joint Stock Company, Thanh Hoa province, said: " To continue production and business activities, we can say that we are very lucky to have access to the support package of the agricultural bank. It helps us save a lot of costs in production and business, purchase more raw materials and produce better quality orders."

Export orders increased by about 40% compared to the same period last year. Each month, enterprises exporting these wood products need from 20 to 30 billion VND in working capital to purchase raw materials and boost production. Having access to preferential credit packages for forestry and aquatic products, enterprises always receive capital disbursement from Agribank Thanh Hoa as soon as they need it.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 3.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 4.

Mr. Nguyen Trong Hung, Deputy Director of Thanh Hoa Industrial Wood Company Limited, Thanh Hoa province, said: "When accessing the 2% reduced credit package, it helps businesses reduce costs, capital pressure, and reduce costs to compete in the market. In the coming time, the company hopes to increase the credit limit, maintain or reduce interest rates to help businesses continue to overcome difficult times."

Since July 2023, the credit package for forestry and fishery products has been implemented. Currently, 2,169 customers of Agribank Thanh Hoa have had access to a loan balance of VND 2,750 billion. Recently, Agribank Vietnam has increased the capital scale of the forestry and fishery loan program to more than VND 8,000 billion from now until June 30, 2024. This is a condition for Agribank Thanh Hoa to continue implementing preferential credit interest rates for customers.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 5.

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 6.

Mr. Do Quang Liem, Deputy Director of Agribank Thanh Hoa branch, said: " We have directed credit officers to shorten appraisal time and enhance technology in project evaluation. Second, we conduct surveys to assess customer needs for lending, coordinate to review and re-evaluate interest rate support programs to detect inadequacies and unreasonable proposals to propose appropriate recommendations to effectively implement the forestry and aquatic product lending program."

Ưu tiên nguồn vốn tín dụng cho vay lĩnh vực lâm sản, thuỷ sản- Ảnh 7.

By the end of the first quarter of 2024, the total outstanding balance of Agribank Thanh Hoa's credit programs reached more than VND 26.5 trillion, up 2% compared to the beginning of the year, higher than the national average. Currently, the bank is also proactively reducing operating costs and reducing lending interest rates for customers. At the same time, it continues to implement 17 preferential lending programs with short-term interest rates from only 3%/year and medium and long-term loan interest rates from only 6%/year for each subject to support people and businesses to overcome the current difficult period.

Source: THNM/TTV News

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