This initiative aligns with directives from the Government and the State Bank, contributing to a broader 500 trillion VND credit package. This package prioritizes infrastructure and technology sectors, aiming to support enterprises in their digital transformation journeys and foster sustainable development.
Agribank's program is a medium and long-term credit scheme designed for infrastructure investment and digital transformation projects. It provides a maximum interest rate reduction of 1.5% annually compared to the average for the same term. Enterprises can benefit from this preferential rate for up to 24 months from the date of disbursement. The bank also offers advisory services to help businesses select loan structures and terms that align with their financial plans.
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Agribank staff assisting and advising customers. Photo: Agribank |
The program targets both new enterprises and existing Agribank borrowers, including private companies. These businesses must seek capital for infrastructure and digital technology projects within strategic sectors such as electricity, transport, and technology. The eligible project categories are defined by the Ministry of Industry and Trade, the Ministry of Construction, and the Ministry of Science and Technology. Funds can be utilized for new project implementation, project acquisition, or to cover expenses for ongoing or completed initiatives.
Beyond the preferential capital, Agribank provides integrated financial solutions to ensure comprehensive and efficient project execution. These include: account services, payment and cash flow management, e-banking, card services, trade finance, and foreign currency trading.
A bank representative underscored the program's role in realizing the Government's vision for comprehensive digital transformation and sustainable economic growth. In recent times, Agribank has actively expanded credit for infrastructure and digital technology investments. This focus has supported enterprises in enhancing operational capabilities, boosting business efficiency, and adapting to emerging technology trends.
Minh Ngoc
