Immediately after the Project "Sustainable development of one million hectares (ha) specializing in high-quality rice cultivation with low emissions associated with green growth in the Mekong Delta until 2030" was promulgated, many localities in the Mekong Delta have started Activating the first high-quality rice growing models, applying strict sustainable farming processes such as using certified seeds, applying alternating wet and dry water management, applying specialized regional fertilization combined with fertilizers. organic fertilizer for rice.
To effectively implement the Party and State's guidelines and policies on agriculture, farmers and rural development to 2030, with a vision to 2045, Agribank and the Ministry of Agriculture and Rural Development have signed a Memorandum of Understanding to implement the Program. cooperation program to provide banking products and services to subjects under the 1 million hectares of high quality rice project.
Accordingly, Agribank advises, supports and provides banking products and services such as: deposit services, loan services, financial services... in accordance with the Project's objectives for participants. family.
The project to develop 1 million hectares of high-quality rice is currently being piloted in 5 provinces and cities: Can Tho, Soc Trang, Tra Vinh, Kien Giang and Dong Thap. Agribank branches in 12 provinces and cities implementing the Project have proactively approached, consulted, and provided information to Project participants on credit policies, processes, and procedures, and products. banking products and services, at the same time grasping loan needs and perfecting appropriate credit products.
Agribank will be the main bank providing credit capital through preferential credit programs to support the production, processing and consumption of high-quality, low-emission rice products in the Mekong Delta.
Currently, Agribank is participating with the State Bank in building a preferential credit program to serve the Project, lending subjects are individuals, farmer households, cooperative groups, cooperatives, and cooperative unions. and businesses participating in the association.
As a key commercial bank in the field of "Tam Nong", Agribank is perfecting the necessary conditions, readying capital sources, banking and financial services to accompany farmers participating in the project. develop new, modern agriculture and model models that keep up with the trend of sustainable development.
From there, contributing to improving the quality of agricultural products associated with reducing emissions and being sustainable in the face of market fluctuations and consumption trends; Helps farmers link up the rice industry value chain, increase income, and improve their lives.
Together with the Ministry of Agriculture and Rural Development, Agribank participates in projects related to agricultural development in the direction of modernization, sustainability, environmental friendliness and reducing emissions during farming, harvesting and processing: Pilot project to build standard agricultural and forestry raw material areas for domestic consumption and export in the 2022-2025 period; Rice and fruit raw material areas in the Mekong Delta.
In recent years, Agribank has expanded investment in projects related to environmental protection, improving the quality and safety of agricultural products, and developing coastal resources for sustainable development; natural disaster risk management; support low-carbon agriculture; Providing clean water and preventing drought and saltwater intrusion.
