Agribank has launched a 2 trillion VND preferential loan program, "Mechanization - Enhancing Agricultural Value," to help individuals invest in agricultural machinery and equipment. Available until 14/5/2027, the program targets individual customers seeking to purchase new machinery from Agribank's approved list for agricultural mechanization. Customers can access short-term, medium-term, or long-term loans, covering up to 100% of their capital needs, with preferential interest rates starting at 5.8% annually. Eligibility requires meeting Agribank's existing credit conditions and specific program criteria.

Many individuals have received financial support from Agribank to purchase agricultural machinery and equipment. Photo: Agribank

An Agribank representative stated the program aims to boost mechanization in production, enhancing labor productivity, agricultural product quality, and economic efficiency for farmers. Beyond preferential interest rates, participants also benefit from free issuance and a first-year annual fee waiver for Agribank credit cards. The bank also announced simplified procedures and quicker processing times to facilitate faster access to funds for individuals.

In recent years, alongside traditional credit services, Agribank has expanded its lending to include clean agriculture, high-tech agriculture, and the One Commune One Product (OCOP) program, thereby boosting the added value of Vietnamese agricultural products.

Agribank serves as a primary bank, providing capital support for farmers to advance agriculture. Photo: Agribank

Further demonstrating its commitment, Agribank is a key partner in a significant national initiative. In 2025, following directives from the Government and the State Bank of Vietnam, Agribank collaborated with the Ministry of Agriculture and Environment and local authorities to launch a credit program. This program supports the project for sustainable development of one million hectares of high-quality, low-emission specialized rice cultivation in the Mekong Delta. To bolster this initiative, Agribank has committed at least 30 trillion VND to a loan program, linking the production, processing, and consumption of high-quality, low-emission rice.

Agribank provides funding for low-emission rice farmers in the Mekong Delta. Photo: Agribank

Beyond individual households and cooperatives, Agribank also finances numerous businesses, corporations, and integrated supply chains within key sectors like rice, coffee, and seafood. This capital is allocated across the entire process, from raw material production and processing to export, thereby enhancing the value and global supply chain participation of Vietnamese agricultural products.

Over nearly 40 years, Agribank has consistently prioritized capital allocation to the agriculture, farmer, and rural sectors. Currently, it serves over 23 million customers, holds total assets exceeding 2.6 quadrillion VND, and has outstanding loans to the economy nearing 2 quadrillion VND. This represents approximately 30% of the banking system's total outstanding loans for agriculture, farmers, and rural development. Moving forward, the bank announced its continued focus on green agriculture, the circular economy, and sustainable development. This commitment aligns with the economy's green transition and the advancement of the agriculture, farmer, and rural sectors.

By Minh Ngoc