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Over the past time, Agribank Vinh Long has always actively contributed to promoting the restructuring of the agricultural sector and improving people's lives, making positive contributions to the socio-economic development of the province.
One of the typical examples of effective linkages between banks, businesses and farmers is Quoc Thao Company Limited, located in Thanh Duc Commune, Long Ho District ( Vinh Long Province). Established in 2013, the company specializes in producing, processing and trading agricultural products for export with a capacity of 5,800 tons/year, focusing on the US market and countries that prefer tropical fruits.
Agribank officials visit pineapple growing area of Quoc Thao Company Limited.
The factory's production time is closely linked to the crop season in the province and surrounding areas. The main crop lasts about 7 months, from March to June and from October to December every year. Before the COVID-19 pandemic, the company used to mobilize over 1,000 workers at peak times. Currently, the company still maintains about 800 regular workers, while creating stable jobs for hundreds of workers in the raw material area.
Not only cooperating in purchasing agricultural products from farmers, Quoc Thao Company Limited also proactively built a growing area of over 230 hectares in many localities in the province to stabilize the source of raw materials for processing. Mr. Cao Minh Quoc, Director of Quoc Thao Company Limited shared: Credit capital from Agribank helps businesses expand their scale, increase processing capacity, and reduce dependence on raw materials outside the province. Thanks to that, sales increased 10 times compared to the time of establishment.
Mr. Le Van Bay, Deputy Director of Agribank Vinh Long Branch (3rd from right) visited Quoc Thao Company Limited.
In addition to supporting businesses, Agribank also provides capital directly to people in raw material areas. When banks play the role of "financial support", while businesses provide technical support and product consumption, a closed production chain has been formed, helping to improve quality, clearly trace the origin and increase the competitiveness of Vietnamese agricultural products in the international market.
According to Ms. Dinh Thi Thi, in Tan Hung commune, Binh Tan district, farmers in the area who have linked raw materials with Quoc Thao Company Limited, having the Company purchase products and access preferential loans has helped farmers feel secure in production, increase income and stick with the local staple crop for a long time.
Thanks to the credit flow from Agribank Vinh Long, many local workers have jobs and stable incomes. Ms. Huynh Thi Mong Kha, a worker at Quoc Thao Company Limited for more than 10 years, said that her average income is 15-16 million VND/month, a dream number in rural areas. Also working at the company, Ms. Mong Kha, despite being pregnant and working part-time, still has a stable income of 7-8 million VND/month. Such stories demonstrate the role of Agribank not only as a bank providing capital, but also contributing to creating livelihoods and accompanying people in long-term development.
Strategic vision, commitment to accompany
As a financial pillar, Agribank Vinh Long is effectively implementing many preferential credit programs, notably the Program to accompany export enterprises in 2025, giving priority to agricultural processing enterprises. Along with that are investment credit packages for clean, high-tech agriculture , contributing to increasing productivity, quality and traceability, factors that are becoming mandatory "passports" for Vietnamese agricultural products to enter the world market.
Mr. Cao Minh Quoc, Director of Quoc Thao Company Limited (second person, from left) introduces the agricultural export production process to Agribank staff.
Mr. Cao Minh Quoc, the company's director, emphasized: "Agribank has helped us not only grow but also develop a sustainable agricultural export ecosystem. If the government and Agribank continue to have many policies to support export enterprises, it will be very good. We can expand the raw material area to 500 hectares by 2028 and increase our competitiveness in the international market." According to Mr. Quoc, continuing to expand investment for farmers and expanding the company's raw material area is a vital condition for Vietnamese agricultural products to be competitive when many large markets are increasingly tightening technical barriers and tariffs.
Officials from the Agribank Representative Office in the Southwest Region and Agribank Vinh Long Branch visited the agricultural processing factory of Quoc Thao Company Limited (Thanh My 1 Hamlet, Thanh Duc Commune, Long Ho District, Vinh Long).
Currently, with 35 transaction points covering the whole area, Agribank Vinh Long is maintaining a total outstanding loan balance of over 13,000 billion VND, of which more than 71% is focused on the agricultural sector. This is a clear demonstration of the steadfastness in the mission of serving "Tam Nong".
Mr. Le Van Bay, Deputy Director of Agribank Vinh Long affirmed: Agribank is always proactive in providing capital and financial services to farmers and businesses, promoting exemplary agricultural models, aiming at green, efficient and sustainable production". Not only stopping at traditional lending activities, Agribank Vinh Long also pioneers in supporting the construction of value chains from production - processing - consumption, especially in key industries such as rice, vegetables and fruits for export. Through preferential credit programs such as Green Credit, loans for clean and high-tech agricultural production, OCOP support, or the Program to accompany export enterprises in 2025, Agribank is creating a flexible financial corridor, helping businesses and farmers access resources more conveniently and effectively.
Agribank Vinh Long Branch is growing strongly, actively contributing to the modernization of agriculture, developing the local economy and enhancing the competitiveness of Vietnamese agricultural products in the international market. With a long-term companion strategy, proactive finance and close adherence to practical needs, Agribank Vinh Long will contribute to realizing the goal of developing green agriculture - low emissions - sustainable integration in the new era.
By continuing to improve specialized credit products, expanding the transaction network, applying digital technology to the capital provision process and customer management, Agribank Vinh Long branch continues to be the most trusted companion of farmers and businesses, an important lever to promote the sustainable, autonomous and modern development of the agricultural economy.
MINH KHUONG - MINH HUNG
Source: https://baocantho.com.vn/agribank-chi-nhanh-tinh-vinh-long-dong-hanh-cung-nganh-nong-san-xuat-khau-a187498.html
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