Bringing commercial credit to rural areas

Agribank Binh Dinh penetrates deeply, leading market share

Immediately after the province implemented the 2-level local government model, Agribank Binh Dinh reviewed and consolidated 12 branches and 10 transaction offices in Binh Dinh province (old), widely announced the new name and specific address of each transaction point so that customers could know and easily access.

The Bank has also designed and provided many large-scale credit packages with competitive interest rates for individual customers, including a short-term credit package for production and business (SXKD) of VND50,000 billion; a medium- and long-term loan package of VND10,000 billion for customers buying houses and receiving land use rights transfers.

In addition, Agribank Binh Dinh also launched two other credit packages, each worth 10,000 billion VND, for young people to borrow money to buy houses and for loans to buy social housing.

“We are constantly improving service quality, simplifying procedures, and creating the most favorable conditions for customers in rural areas to access and borrow capital for production, business, and consumption.

In addition to fixed transaction points, the bank also organizes mobile transaction points using specialized cars in some localities, ensuring that capital reaches customers as quickly as possible," said Mr. Nguyen Huu Cau, Director of Agribank Binh Dinh.

Many rural customers borrow capital from credit packages of Agribank Binh Dinh.
**Photo: T.Sy**

Thanks to its extensive network, Agribank Binh Dinh easily delivers capital and convenient services to customers. Ms. Pham Thi Hong (doing business in the agricultural sector in Quy Nhon Bac ward) said: Every time I have a capital shortage, I go to Agribank Binh Dinh and the bank solves it right away, with reasonable interest rates. Thanks to that, we always ensure contracts with partners, stable business operations and development.

As of September 30, there were 38,500 customers borrowing capital at Agribank Binh Dinh, with a total outstanding loan balance of VND 18,500 billion, of which outstanding loans in the agricultural and rural sectors reached VND 11,288 billion, accounting for 61% of total outstanding loans, continuing to maintain the No. 1 position in credit market share in the Dong Gia Lai region.

Boosting credit in rural areas

Recognizing rural areas with great potential and room for development, BIDV Phu Tai has increased human resources for 6 credit transaction offices in wards and communes: Binh Dinh, Phu My, Bong Son, Tay Son, Phu Cat, Tuy Phuoc. At the same time, it has promoted lending to people and businesses to invest in production, business and consumption.

Currently, BIDV Phu Tai is offering many credit packages with attractive interest rates. For individual customers, the bank offers a credit package of 200 trillion VND for short-term production and business loans, with interest rates 0.5-1% lower than normal lending rates per year; a package of 150 trillion VND for medium and long term, with competitive interest rates.

Along with promoting credit, BIDV Phu Tai also pays special attention to customer care. **Photo: T.Sy**

In addition, BIDV Phu Tai also launched a credit package to support young people to borrow to buy houses and many other credit packages for small traders and customers who pay their salaries through BIDV...

Customers who are organizations and enterprises can access and borrow capital from the short-term credit package of VND450,000 billion and the medium- and long-term package of VND75,000 billion.

Mr. Le Ba Duy - Director of BIDV Phu Tai - said: "Currently, 3,300 customers have accessed and borrowed capital from the above credit packages with a total outstanding debt of VND 5,731 billion. We continue to improve service quality, simplify procedures, and create the most favorable conditions for customers in rural areas to access and borrow capital for production, business and consumption."

The list of banks establishing transaction points and promoting credit in rural areas also includes Sacombank Binh Dinh, VietinBank Phu Tai, Vietcombank Phu Tai, Nam A Bank Binh Dinh, LPBank Binh Dinh...

Mr. Pham Van Khoa - Deputy Director of Sacombank Binh Dinh - said: "We have established credit transaction offices in the wards and communes of Bong Son, Tam Quan, Dap Da, Tay Son, Quy Nhon Tay and invested in synchronous technical infrastructure, built card acceptance stations in localities, provided credit packages with competitive interest rates and many convenient services".

Developing a credit transaction network in localities helps banks easily transfer capital flows and services and utilities to customers. Customers have also quickly accessed many bank products with reasonable interest rates to invest in production and business development and consumption. Currently, the bank's total outstanding debt has reached more than 5,000 billion VND, of which outstanding debt in rural areas accounts for 50% of total outstanding debt.

By September 30, 2025, outstanding loans for investment in agricultural and rural development in the province are estimated at VND 117,970 billion, an increase of VND 4,023 billion compared to the beginning of the year.

Mr. Nguyen Tra Duong - Deputy Director of the State Bank of Vietnam, Regional Branch XI - affirmed: The expansion of commercial banks' networks and promotion of credit in rural areas helps businesses and people access more information related to the mechanisms and policies of the Government, the State Bank of Vietnam and the province.

Customers have many options to borrow capital with reasonable interest rates, thereby reducing difficulties in capital as well as interest costs to develop production and business, increase income, and create jobs. In addition, banks promoting credit in rural areas also contribute to significantly limiting people's access to black credit.

Source: https://baogialai.com.vn/dua-tin-dung-thuong-mai-ve-nong-thon-post569521.html