Agribank increases capital scale to 20,000 billion VND for loans to agriculture, forestry and fishery

Implementing the direction of the Government, the Prime Minister and the direction of the State Bank, Agribank actively implemented a preferential credit program for the agriculture, forestry and fishery sector with a scale of 20,000 billion VND.

From July 2023, Agribank is the first bank to implement a preferential credit program for the forestry and fishery sector with an initial registered scale of VND 3,000 billion. Preferential loan interest rates are at least 1% - 2% lower per year than the average loan interest rate for the same term.

Realizing the large capital demand from the market and positive signals from the program, in 2024, Agribank registered twice with the State Bank, increasing the scale of participation in the program to 13,000 billion VND.

After more than 18 months of implementation, the total capital disbursed by Agribank reached nearly 10,000 billion VND, supporting more than 6,500 customers nationwide. Of which, the Southwest region alone - the key area for aquaculture, processing and exporting seafood - accounted for more than 50% of the total capital disbursed by the program.

This shows that the demand for credit capital for the forestry and fishery sector is very large. On the other hand, Agribank always prioritizes directing capital to the right location, the right target and the right customer needs.

In 2025, the Government, Prime Minister and State Bank will direct the expansion and adjustment of the scale of the credit program for the agriculture, forestry and fishery sectors to a maximum of VND 100,000 billion.

Implementing this direction, Agribank continues to register to increase the scale of participation in the program to 20,000 billion VND, supporting investment capital for the development of agriculture, forestry and fishery.

Agriculture, forestry and fishery have always been identified by Agribank as one of the priority investment areas - Photo: AGR

Priority preferential loans for agriculture, forestry and fishery

Along with that, Agribank is also implementing many preferential credit programs to many fields, industries and customers of small and medium enterprises, import-export enterprises, individual customers... with a total scale of more than 310,000 billion VND.

Individual customers, businesses engaged in farming, processing, exporting and production and business activities in the fields of agriculture, forestry and fishery can also participate in preferential loans under these programs.

Not only expanding the scale of preferential credit capital, Agribank focuses on improving credit access for people and businesses.

In the coming time, Agribank will continue to simplify loan procedures through digital transformation and technology application in credit activities, helping customers in the fields of agriculture, forestry and fishery to access capital conveniently and quickly. Agriculture, forestry and fishery have always been identified by Agribank as one of the key areas for priority capital investment, with a proportion of about 26% of the total outstanding loans of the whole system.

Actively implementing the provision of preferential credit capital to serve the agriculture, forestry and fishery sectors is a specific commitment of Agribank to accompany and remove difficulties for people and businesses, firmly upholding the mission of serving the development of "Tam Nong" to promote the supporting role of the economy, contributing to promoting the country's economic growth.

Source: https://tuoitre.vn/agribank-bo-sung-20-000-ti-dong-cho-vay-uu-dai-linh-vuc-nong-lam-thuy-san-20250418181531158.htm