Agribank contributes to building brands for Vietnam’s agricultural products
(Updated at 10:35, 11/1/2019)
Prior to the issuance of the Government’s Resolution No. 30/2017/NQ-CP on the VND 100 trillion credit package to develop high-tech agriculture at the end of 2016, Agribank had a preferential credit package of minimum VND 50 trillion for clean agricultural production.
Thanks to the capital of Agribank, many models of large-scale agricultural production, agricultural enterprises applying high technology and clean agriculture have been able to borrow money from Agribank to develop brands for agricultural products in a professional manner.
Vietnam is now emerging as one of the top five exporting countries of agricultural products. Many agricultural products have been successfully exported to fastidious markets such as coffee, rubber, pepper, cashew nuts, fruits, etc.
According to the Ministry of Agriculture and Rural Development, despite the great pressure from the competition and the decline in world market prices of many industrial crop products, Vietnam's agricultural export turnover still hit record number, in 2018 hit a new record reaching USD 40 billion.
In the agricultural and rural markets, Agribank is the bank that initiated and pioneered the implementation of preferential lending programs for clean agricultural and high-tech agricultural projects.
In order to welcome the "wave" of investment in developing high-tech agriculture, clean agriculture, Agribank has been actively accompanying the agricultural sector to overcome difficulties and challenges in the process of economic development and international integration, climate change, environmental pollution especially food hygiene and safety.
Recently, Agribank and Yanmar, Japan's second-largest enterprise operating in the field of manufacturing, supplying equipment and machinery for agriculture, marine engines signed an agreement to develop a financial support program for customers that are businesses, cooperatives, households and individuals who need to borrow money at Agribank to buy machinery from agents of Yanmar Vietnam. The cooperation is an important "bridge" for farmers to access the most advanced and modern technology and machinery in the world.
With a network of 2,233 branches and transaction offices across the country, 30 years of companion and development with the country with operational experience in the agricultural and rural markets, Agribank is really a bank of "Tam Nong" when continually expanding its network to the most remote border and island areas to provide banking and financial services to each village, meeting the needs of customers in agricultural and rural areas.

Huong Nguyen
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