Agribank actively implements 5 preferential credit programs
So far this year, state-owned Agribank has been actively implementing five preferential credit programs for businesses, per the Prime Minister's request to improve firms' access to credit to boost production and state budget revenue.

Agribank is among the biggest banks in Vietnam. Photo courtesy of Agribank.
Preferential credit program for large corporate customers
Agribank allocates VND20,000 billion ($814.1 million) to implement a preferential credit program for business customers and groups/corporations that need short-term loans at Agribank to ensure production and business activities, purchase raw materials, and others.
The program provides the most preferential interest rates of the year for large enterprises wishing to expand and promote production and business activities, applicable to short-term disbursements from September 25, 2023 to December 31, 2023 or until sufficient funds have been disbursed.
Preferential credit program for small and medium-sized enterprises (SMEs)
The program is for small and medium-sized enterprises that need additional working capital for production and business plans. Preferential interest rates are up to 0.7 percentage points per year lower than normal lending interest rates, depending on the term.
In particular, the business fields of production, processing, agriculture, forestry, fisheries, salt industry, high-tech agriculture, and clean agriculture are given priority. The program lasts until December 31, 2023 or until the funds have been fully disbursed.
Preferential credit program for import-export customers
The program lasts until December 31, 2023 and is applicable for short-term loans with diverse lending methods suitable to the working capital needs of each business participating in the program.
The program's preferential interest rate is up to one percentage point per year lower than Agribank's current lending interest rate floor for each term range. In addition to interest rate incentives, participants can also enjoy attractive incentives on foreign currency exchange rates and service fees.
Preferential credit program to finance investment projects in 5 key industries
This is a preferential package for corporate customers investing in projects in five key industries, including processing and manufacturing, gas and electricity production and distribution (energy projects); transportation and warehousing; investment on construction and business in industrial park/industrial park cluster infrastructure; farm investment loans; and loans to invest in the construction of factories and warehouses for rent.
Offer applies to medium and long-term loans with disbursement from September 20, 2023 to December 31, 2023 (or until funds have been fully disbursed); fixed interest rates for the first two years for medium - long term loans, preferential interest rates from only 7.3% per year.
Preferential credit program for forestry and fishery sectors
Borrowers under the program are legal entities and individuals with projects/plans serving production and business activities in the field of forestry and fisheries. The program implementation period lasts until June 30, 2024 or may end earlier when funds are fully disbursed. The program's preferential interest rate is at least 1% - 2% per year lower than Agribank's average lending interest rate for the same term in each period.
In addition, Agribank is also actively implementing interest rate support programs according to Decree No. 31/2022/ND-CP; social housing loan program according to Resolution 33/NQ-CP, and others.
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