From April 22, 2024 to December 31, 2024, Agribank will implement a dual incentive package "Accompanying import-export enterprises in 2024" including credit incentives and non-credit incentives. In particular, the total preferential credit scale is 20,000 billion VND, applied to short-term disbursements in VND, with interest rates lower than the normal lending interest rate floor by up to 2.4%/year. The incentive is for corporate customers and private enterprises engaged in import-export production and business with short-term capital needs.
In addition to credit incentives, enterprises participating in the program enjoy preferential deposit interest rates, preferential service fees and preferential foreign currency exchange rates. Agribank reduces fees for international payment fees, trade finance and foreign currency exchange rates... until June 30, 2025. In particular, import L/C payment fees, import collection payment fees, and foreign currency transfer payment fees are exempted for up to 3 months of transactions. The interest rate on demand deposits for import-export enterprises participating in the program is up to 0.3%/year higher than the current interest rate.
In the first quarter of 2024, import and export growth increased strongly at double digits, with total import and export turnover of goods increasing by 15.5% over the same period last year. Agribank hopes that incentives from the program to accompany import and export enterprises will continue to create momentum to promote positive signals of the economy.
Since the beginning of the year, Agribank has allocated VND95,000 billion in preferential interest rate credit capital for SMEs, large enterprises, corporations/general companies, investment project financing, and import-export enterprises. At the same time, it has allocated more than VND60,000 billion in preferential credit capital for individual customers to borrow for consumption and expand production and business.
Corporate customers who want to learn more about the Accompanying Import-Export Enterprises 2024 program and other preferential credit programs of Agribank, please contact the customer care and support hotline: 1900558818/024.32053205 or at 2,300 Agribank transaction points nationwide.
Agribank is a bank that constantly simplifies lending procedures, improves lending models and methods, and cooperates with local authorities, Farmers' Associations, Women's Associations, and socio-political organizations to deploy over 64,000 lending groups with over 1.2 million members; safely deploys 68 mobile transaction points using specialized cars in 474 communes nationwide, creating favorable conditions for households and individuals in remote areas to access loans and banking services.
