* Unleashing capital for "agricultural and rural development"
With the characteristics of a border area that develops both industry and agriculture and border gate economy, Agribank Bac Long An Branch always proactively follows the economic development orientation of the province and the direction of the headquarters, the State Bank of Vietnam (SBV) in the region to adjust credit activities appropriately, contributing to the sustainable development of the border area. In particular, the Branch always focuses on focusing capital on the agricultural and rural sectors, implementing well the "three farmers" policy and maintaining traditional customers.
Mr. Luong Van Nghiep's family in Dong Thanh commune has 1 hectare of land for production. However, due to lack of capital, he only grew rice in the past, which did not bring him much income. Since he borrowed capital from Agribank , he has boldly implemented the VAC (garden - pond - barn) production model. On 800 square meters of his family's pond, he raises square-head tilapia. He harvests 3 crops each year, earning 70-80 million VND. On the land he used to grow rice, he now grows grass to raise cows. Currently, in his barn, there are always 5 sows and some calves. In addition, Mr. Nghiep also raises chickens, ducks, frogs... and works as an agent distributing animal feed. Thanks to that, his family's economy is very stable.
Mr. Luong Van Nghiep's square-head perch farming model provides stable income thanks to capital support from Agribank.
Ho Hoang Thuan's family in Binh Thanh commune, Tay Ninh province currently has 5 hectares of lemon trees that are bearing fruit. In addition to growing lemons, Thuan's family also cultivates 1.5 hectares of rice and purchases and sells rice to farmers in the area during harvest season. In addition, since the Vietnam - Cambodia Border Patrol Road was built and completed, Thuan and his wife opened a grocery and beverage shop to serve travelers. Thanks to many sources of income, Thuan's family's economy is currently very stable.
Mr. Ho Hoang Thuan (left cover) introduces his family's lemon growing area.
One of the reasons that helped his family develop quickly and have enough to eat and save like today is that over the past 6 years, he and his wife have had access to capital from Agribank. From the initial loan of a few tens of millions, thanks to Mr. Thuan's family always keeping their reputation with the bank, they have now been granted a loan limit of up to 3 billion VND. If in 1998, he and his wife came here from Ben Tre to start a business with nothing, now the total area of land and garden of the family has reached 5 hectares. The valuable thing is that not only knowing how to enrich the family, Mr. Thuan and his wife also create jobs for dozens of local workers, especially during the agricultural harvest season, helping people have a stable life in this border area.
Mr. Nguyen Van Sang (left cover) invested in a large-scale fattening cattle farm.
Despite having a great advantage when his parents gave him 10 hectares of land to cultivate nearly 10 years ago, Nguyen Van Sang’s family in My Quy commune still faces many difficulties. The lack of investment capital makes him struggle with growing coconuts, rice and raising livestock on a small scale, making his income always unstable.
Since being introduced and accessing capital from Agribank, Mr. Sang has boldly converted a part of his land to grow grass and invested in building a fattening cattle farm. Each cow, after 3 months of raising, will earn a profit of 3-4 million VND. With a scale of raising 300 cows/batch, he earns a net profit of nearly 4 billion VND each year. Currently, the source of beef imported from Thailand is interrupted, so the price of domestic beef has increased by about 10,000 VND/kg, so local cattle farmers are very excited because their profits are higher.
When talking about the sweet results from the family economic model, the people here are very grateful for the attention and capital support from Agribank. Not only does it have material significance, it is also a spiritual motivation, helping people feel secure in working and producing on the spot, contributing to preserving and protecting the country's border areas.
* Building on a solid foundation
The success of Agribank Bac Long An Branch is not only measured by numbers, but also confirmed by the real stories of people getting rich who have access to capital. In recent times, the Branch has proactively lowered interest rates, shared difficulties with businesses and people, ensured stable growth of mobilized capital, and maintained its leading position in market share in the local commercial banking system. The capital structure has been adjusted reasonably, input costs have been reduced, and production and business needs have been met in a timely manner.
Agribank credit officers visit the model and advise on credit programs to farmers.
In 2024, Agribank Bac Long An Branch will closely follow the direction of Agribank and the State Bank of Vietnam Region 13, while linking credit activities with local socio-economic development programs. By the end of 2024, Agribank Bac Long An Branch will rank 6th in terms of outstanding loan size in the Southwest region, with a bad debt ratio of only 0.38% of total outstanding loans. The automated banking infrastructure network including 9 CDM machines, 18 ATMs, 104 POS machines and 91 card acceptance points has well met customers' cashless transaction needs.
At the same time, the Branch pays special attention to credit quality, applies preferential interest rates, enhances digital transformation, expands e-banking products, and brings quality financial services to individual and corporate customers. By June 30, 2025, the Branch's mobilized capital will reach VND 10,865 billion (an increase of over 9% compared to the end of 2024), reaching 92.1% of the growth plan.
Currently, Agribank Bac Long An Branch continues to maintain its market share, leading the commercial banking system in the area. Total outstanding loans reached VND 18,992 billion (up 9.5% compared to the end of 2024), reaching 89.4% of the growth plan. Bad debt accounts for 0.17% of total outstanding loans (down VND 34.29 billion compared to the beginning of 2025), lower than the 2025 plan assigned by the Head Office of 0.48% (Head Office assigned 0.65%).
Ms. Huynh Thi Kim Khanh, Deputy Director of Agribank Bac Long An Branch, said: "In 2025, the Branch strives to increase the total mobilized capital to nearly 11,000 billion VND, total outstanding loans to nearly 19,200 billion VND, and service revenue to about 54 billion VND. We continue to effectively implement preferential credit policies, accompanying the National Target Programs on new rural construction, sustainable poverty reduction and socio-economic development in ethnic minority and mountainous areas. In addition to business tasks, the Branch will always be associated with social security activities in the locality, contributing to improving the material and spiritual life of the people, while spreading the image of Agribank - Bank for the community".
MINH KHUONG - MINH HUYEN
Source: https://baocantho.com.vn/agribank-chi-nhanh-bac-long-an-tay-ninh-dong-hanh-phat-trien-kinh-te-vung-bien-gioi-a188492.html
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