Agricultural and rural loans increase outstanding debt

Many credit institutions in Lam Dong are focusing on prioritizing loans for the agricultural and rural sectors, meeting capital needs for investment in production development.

Many Lam Dong farmers have borrowed capital from local credit institutions to develop their economy.

More flexible loan procedures

Recently, Mr. Nguyen Nhan Trung's family in Quang Son commune came to Dak Nong Joint Stock Commercial Bank for Investment and Development (BIDV) to borrow capital to invest in a coffee garden. After making the proposal, the bank's credit officer contacted him directly.

The process of reviewing, preparing documents, and appraising was carried out very quickly by the bank. In less than 2 days, Mr. Trung was able to borrow 200 million VND according to his needs. With the capital, Mr. Trung promptly invested in fertilizers and irrigation systems for his garden. "Compared to before, I find the loan procedures at the bank much more convenient. Borrowers like us only need to have a need and a proposal, and the credit officer will proactively contact us. If it is favorable, the loan will be disbursed within a few days," Mr. Trung shared.

Similarly, thanks to the quick and convenient loan procedures, Mr. Dau Van Phuong's family in Truong Xuan commune easily borrowed 250 million VND to invest in expanding the scale of livestock farming. According to Mr. Phuong, Lam Dong currently has many credit institutions. The loan process for people is more convenient.

Especially farmers with a well-invested livestock system and well-developed gardens have easy access to capital for production. “For a long time, credit officers have regularly gone to the commune to introduce loan packages. People who want to borrow capital just need to contact credit officers to complete the application. The time and procedures for borrowing are now simple and quick. Interest rates at each credit institution are different, so people have more choices,” Mr. Phuong affirmed.

According to the Dak Nong Investment and Development Joint Stock Commercial Bank (BIDV), credit institutions are increasingly focusing on customers. For example, BIDV Dak Nong is promoting improvements in credit granting processes, creating favorable conditions for customers to easily access loan sources, especially in the agricultural and rural sectors. “When customers make a proposal, we assign each relevant department to handle from loan applications, appraisals, etc.

Information about loans, interest rates, and procedural instructions are provided on the spot for those who need to borrow capital for production. Thanks to that, time and travel costs are greatly reduced," said Mr. Pham Quoc Viet - Deputy Director of BIDV Dak Nong.

Regarding the loan process, the leader of the Joint Stock Commercial Bank for Foreign Trade (Vietcombank) Dak Nong emphasized that people and businesses often have a "reluctant" mentality to borrow capital from large banks because they are afraid of strict procedures and loan conditions. To overcome this, the credit officers in charge of each locality must patiently "remove" this mentality.

Promoting loan growth

Lending to agriculture and rural areas is one of the areas that credit institutions in Lam Dong prioritize capital sources. In particular, capital sources are focused on production activities, export business, supporting industries, high-tech enterprises, small and medium enterprises...

According to the State Bank of Region X, in the first months of the year, many banks in Lam Dong have simultaneously adjusted to reduce deposit interest rates, contributing to lowering lending interest rates, supporting economic recovery and development. Many credit institutions have reduced interest rates, in order to help people and businesses easily access credit capital to develop production and business.

Simplifying loan procedures has created favorable conditions for people to access capital in a timely manner. When demand increases, disbursement is quick, contributing to promoting outstanding loan growth at credit institutions.

According to the State Bank of Region X, by the end of July 2025, the outstanding loans of the entire economic sector in the area were over VND350,000 billion. Particularly, loans for the agricultural and rural sectors accounted for over 75%. Credit institutions have stepped up the implementation of customer care services.

Banks pay attention to statistics, situational awareness, and credit investment for some key industrial crops such as coffee, pepper, rubber, etc. Credit institutions have had credit policies and timely capital allocation to facilitate people's access to loans to boost production, especially in remote areas. Digitalization and meeting the increasing demands of customers are always focused on.

By the end of July 2025, the mobilized capital in Lam Dong province was nearly 220,000 billion VND, an increase of 11.9% compared to the beginning of 2025. Total outstanding loans reached about 350,800 billion VND.

Source: https://baolamdong.vn/cho-vay-nong-nghiep-nong-thon-tang-du-no-388939.html