Prioritizing capital for agricultural and rural development

ĐBP - In recent years, Agribank’s Tuần Giáo Branch has prioritized credit flows for the “three rural sectors” (agriculture, farmers, and rural areas) through various preferential loan programs. As communes across the district accelerate agricultural restructuring, Agribank’s timely capital has become an important “lever” helping farmers maintain production, care for, and expand areas of high-value crops.

Since officially implementing the two-tier local government model, communes in the former Tuần Giáo District have promoted crop restructuring policies, focusing on developing high-value crops such as macadamia and coffee. Supporting this direction, Agribank’s Tuần Giáo Branch has launched a preferential loan program for agricultural and rural development under Decree No.55/2015/NĐ-CP in five communes: Tuần Giáo, Quài Tở, Mường Mùn, Pú Nhung, and Chiềng Sinh.

The program provides capital for agricultural production, covering crop cultivation, animal husbandry, aquaculture, investments in machinery and equipment, construction of barns and warehouses, rural occupations, and agricultural processing. Particularly notable is that households and organizations can access unsecured loans of up to VND 200 million, with preferential interest rates and flexible repayment terms. This policy has applied to loans disbursed since July 1, 2025, creating more opportunities for farmers to invest and expand production.

Văn Đình Việt, Director of Agribank’s Tuần Giáo Branch, explained that to ensure effectiveness, the bank has closely coordinated with local authorities and socio-political organizations to widely disseminate the policy to villages and hamlets. Loan groups have been established, procedures simplified, and transparency ensured, making it easier for people to access credit. Joint working teams from the bank and commune People’s Committees have gone directly to grassroots levels to assess demand, provide guidance, and support households in completing loan applications.

The program has not only removed capital bottlenecks but also encouraged farmers to apply science and technology, expand production, increase income, and stabilize their lives. Agribank has pledged to continue accompanying farmers in developing agriculture and rural areas, building new-style rural communities, and contributing to sustainable local socio-economic development.

Officials from Agribank’s Tuần Giáo Branch inspect the coffee and macadamia plantation of Giàng A Dơ’s family in Mạ Khúa village, Tuần Giáo commune.

After two months of implementation, Agribank’s Tuần Giáo Branch had established 99 loan groups with over 1,300 member households. The program has reached 90 villages and hamlets, with total outstanding loans nearing VND 120 billion. By the end of 2025, it is expected to cover all 151 villages, hamlets, and residential clusters in the five communes.

Since 2022, under Tuần Giáo Commune’s agricultural restructuring plan, Giàng A Dơ’s family in Mạ Khúa village boldly converted swidden land to macadamia and coffee. As the plantation is in its development phase and requires large investments for care, Dơ accessed Agribank’s preferential credit program. He shared that he was able to borrow VND 200 million without collateral, with quick and simple procedures, and used the funds to buy seedlings and fertilizer for his macadamia and coffee areas.

In Chiềng Sinh commune, from 2021 to 2025, crop restructuring has been strengthened, gradually forming concentrated areas for industrial crops such as macadamia, coffee, and rubber. The commune now has 579 hectares of macadamia, 11.7 hectares of coffee, and 628 hectares of rubber. Looking ahead, Chiềng Sinh aims to restructure agriculture toward high-value crops and livestock, targeting 3,700 hectares of macadamia and 2,000 hectares of coffee by 2030, while raising animal husbandry to a fairly developed level to create breakthroughs in agricultural production. To achieve this goal, alongside efforts from local authorities and residents, bank credit capital plays a decisive role.

Bạc Cầm Danh’s family in Phiêng Hin village, Chiềng Sinh commune, recently received a disbursement of VND 150 million from Agribank’s Tuần Giáo Branch to expand their bamboo rat farming model and build barns. He shared that although the model had been economically effective for years, it was limited in scale due to capital shortages. With the preferential loan, his family now has the conditions to expand production toward sustainable household economic development.

According to Đỗ Văn Sơn, Chairman of the Chiềng Sinh commune People’s Committee, the commune has closely cooperated with Agribank’s Tuần Giáo Branch to effectively implement credit programs aligned with three national target programs: building new rural areas, socio-economic development in mountainous and ethnic minority areas, and sustainable poverty reduction. Agribank’s Tuần Giáo Branch has consistently supported farmers with timely capital, enabling cooperatives, production groups, and households to restructure crops and livestock, apply science and technology, and improve productivity, income, and living standards. Credit capital has become a driving force for households to develop high-value agricultural and livestock production models, contributing to sustainable socio-economic growth.

Phạm Trung
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Điện Biên makes efforts to find market for agricultural products

    Điện Biên makes efforts to find market for agricultural products

    ECONOMY -
    ĐBP - These days, some agricultural production areas in the province are entering the harvest season. Many types of agricultural products have been purchased right at the field by enterprises and traders as soon as they are ready for harvest. However, there are still some products with unstable outlets, and their consumption depends heavily on the market, causing inevitable anxiety among farmers.
  • 'Giving launchpad to young sports talents of Điện Biên

    Giving launchpad to young sports talents of Điện Biên

    CULTURE - SPORTS -
    ĐBP - The Education and Training sector’s first-place overall finish at the 12th Điện Biên provincial Sports Games in 2026 reflects the strong growth of school sports in the province. However, behind the medals still lies a gap in specialized training environments. The proposed establishment of a provincial Sports Talent High School is expected to create a breakthrough in discovering and nurturing high quality young athletes for the future.
  • 'For public health

    For public health

    SOCIAL AFFAIRS -
    ĐBP - Responding to the “Action Month for Food Safety” in 2026 with the theme “Ensuring food safety, preventing food poisoning in catering services and street food,” from April 15 to May 15, 2026, interdisciplinary inspection teams from the provincial to the commune and ward levels in Điện Biên simultaneously stepped up inspections and supervision at various establishments.
  • 'Điện Biên urgently prepares for high school graduation exam

    Điện Biên urgently prepares for high school graduation exam

    SOCIAL AFFAIRS -
    ĐBP - With only a few weeks left, the 2026 high school graduation exam will officially take place. This year, the exam features many new points; therefore, along with urgently completing the review program and consolidating knowledge for students, the Điện Biên provincial Education and Training sector is also actively preparing other conditions to ensure the exam takes place safely, strictly, and achieves high results.
  • 'Vietnam’s first border inter-level boarding school opens doors to future

    Vietnam’s first border inter-level boarding school opens doors to future

    SOCIAL AFFAIRS -
    ĐBP - After one semester studying under the roof of their new school, joy is clearly reflected in the eyes and smiles of students at Si Pa Phìn Inter-level Boarding School for Primary and Secondary Education in Si Pa Phìn commune, Điện Biên province - the first inter-level boarding school built in a border commune anywhere in the country.
  • 'Paving the way to the future

    Paving the way to the future

    ECONOMY -
    ĐBP - The Sơn La - Điện Biên - Tây Trang International Border Gate expressway project is identified by Điện Biên province as a key work, creating momentum to promote regional linkages, socio-economic development, and national defense and security in the Northwestern region. With high determination, site clearance work is being heavily promoted, along with the construction of resettlement areas and building consensus among the people to ensure the project is implemented on schedule.
  • 'Voices from years of wartime inspire new generation of Điện Biên

    Voices from years of wartime inspire new generation of Điện Biên

    NEWS - POLITICS -
    ĐBP - To help younger generations gain a deeper understanding of the value of peace, independence, and the nation’s glorious revolutionary traditions, the Điện Biên provincial Youth Union, in coordination with the provincial Veterans Association, organized a cultural exchange program titled “Stories from the years of wartime”. The event attracted a large number of youth union members and young people, creating a meaningful space for dialogue and firsthand historical storytelling from veterans.
  • 'Learning from Uncle Hồ in a border commune

    Learning from Uncle Hồ in a border commune

    NEWS - POLITICS -
    ĐBP - In the border commune of Mường Nhà, the movement of learning and following Hồ Chí Minh’s ideology, morality, and lifestyle is spreading increasingly widely. Every cadre, party member, and citizen in the commune has been actively learning and following Uncle Hồ through specific and practical actions.
  • 'Spreading “Digital Party cell” and “Digital family” models

    Spreading “Digital Party cell” and “Digital family” models

    NEWS - POLITICS -
    ĐBP - Digital transformation is becoming an inevitable trend, profoundly impacting all areas of social life. In this context, bringing technology closer to the people, especially women in rural and ethnic minority areas, is identified as an important task, contributing to bridging the digital divide and creating a foundation for building a digital society.
  • 'Điện Biên works with French Development Agency

    Điện Biên works with French Development Agency

    ECONOMY -
    ĐBP - On May 19, Permanent Vice Chairman of the Điện Biên provincial People’s Committee Lò Văn Cương had a working session with the delegation of the French Development Agency (AFD), led by Olivier Gilard, Project Manager at the Water and Sanitation Division at AFD Headquarters.
  • 'Transportation equation in tourism development

    Transportation equation in tourism development

    TRAVEL -
    ĐBP - Besides its historical advantages, Điện Biên also possesses villages rich in cultural identity and pristine, attractive natural landscapes. This is considered the province’s potential for developing community tourism.
  • 'Building strong “roots” for the Party

    Building strong “roots” for the Party

    NEWS - POLITICS -
    ĐBP - Party member development is one of the key tasks in Party building at the grassroots level. The sourcing and fostering of the elite masses have been implemented synchronously, contributing to enhancing the leadership capacity and combat strength of Party organizations.