On May 8, TTC AgriS (Thanh Thanh Cong - Bien Hoa Joint Stock Company, HOSE: SBT) and Military Commercial Joint Stock Bank (MB, HOSE: MBB) signed a strategic cooperation agreement, aiming to build a comprehensive digital finance - agriculture ecosystem. This cooperative relationship lays the foundation for accompanying the implementation of specialized financial solutions, optimizing cash flow in the entire value chain of AgriS Commercial Joint Stock Company - from farmers, agricultural enterprises, suppliers to the distribution system.
Within the framework of cooperation, TTC AgriS and MB will deploy whole-line financial solutions, specialized designs based on the combination of smart agricultural technology (Smart Agri) and digital banking (Smart Bank), to optimize cash flow and support stakeholders in the entire value chain from production - processing - consumption of AgriS.
Based on TTC AgriS's capacity to operate circular high-tech agricultural production and experience in accompanying parties in the value chain, the two sides will cooperate in developing and implementing specialized financial products for the entire chain. Including: short-term and long-term credit financing for farmers in all stages of investment, cultivation and harvesting of agricultural products; developing credit granting policies to points of sale. For supplier and distributor partners, TTC AgriS and MB will provide financial support solutions through payment packages, credit limits and automatic disbursement/sales on integrated digital operations platforms.
The two sides affirmed that they will accompany in a sustainable development strategy, integrating a digital finance - agriculture platform through green banking products and other modern digital financial solutions, serving ESG goals. In particular, MB will develop Sustainability-linked loans exclusively for AgriS exchange, serving the strategy of participating in the global FBMC value chain and aiming for net zero emissions by 2035.
Speaking at the ceremony, Mr. Pham Nhu Anh - General Director of MB - emphasized: "This is a solid foundation for us to continue to open a stage of sustainable development for the future. Thereby, moving towards building a comprehensive financial solution to make the most of resources from the ecosystems of both sides, taking technology and innovation as the core, aiming to serve a variety of customers from individuals, business households to factories, suppliers and distributors.
On the side of the strategic partner, Chairwoman of AgriSTC - Ms. Dang Huynh Ung My - affirmed: "The cooperation between AgriSTC and MB is not only a resonance between AgriTech and FinTech in building a comprehensive digital financial and agricultural ecosystem, but also affirms the consistent strategic orientation of AgriSTC in expanding cross-sectoral linkages, promoting the green circular economic model and increasing sustainable value for all parties in our agricultural value chain".
The strategic cooperation between TTC AgriS and MB marks an important milestone in integrating AgriTech and FinTech between two leading enterprises in high-tech agriculture and digital banking. This affirms the strategic cooperation of the two in building a comprehensive financial - digital agricultural ecosystem. This is also a specific step forward in the Smart Bank - Smart Agri strategy, contributing to modernizing the financial system and improving competitiveness for businesses in the agricultural and food sector in Vietnam.
