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

  • 'Addressing friction in private enterprise

    Addressing friction in private enterprise

    ECONOMY -
    ĐBP - Despite overall progress in administrative reform, the business community continues to voice concerns over the complexity and duration of procedures related to urban planning and construction investment.
  • 'Responsibility and trust

    Responsibility and trust

    NEWS - POLITICS -
    ĐBP - The election day of March 15 in Điện Biên province was a monumental festival for the ethnic communities in the country’s westernmost frontier.
  • 'Điện Biên tightens emission inspections for motor vehicles

    Điện Biên tightens emission inspections for motor vehicles

    SOCIAL AFFAIRS -
    ĐBP - Starting March 1, 2026, the roadmap for tightening emission inspections for motor vehicles in circulation has officially taken effect following Decision No.43/2025/QĐ-TTg by the Prime Minister. This new regulation is regarded as a significant turning point in the management of transport vehicles, shifting toward a more rigorous environmental standard.
  • 'Điện Biên leaders work at Ministry of Finance

    Điện Biên leaders work at Ministry of Finance

    NEWS - POLITICS -
    ĐBP - On March 18, at the Ministry of Finance headquarters, a working delegation from Điện Biên province led by Trần Tiến Dũng, Member of the Party Central Committee and Secretary of the provincial Party Committee, held a working session with the Ministry of Finance to evaluate the implementation of socio-economic development tasks during the first two months of 2026.
  • 'Kindness keeps visitors coming back to Điện Biên

    Kindness keeps visitors coming back to Điện Biên

    TRAVEL -
    ĐBP - With diverse natural landscapes and a wealth of historical and cultural heritage, Điện Biên holds strong potential for tourism development. But beyond its scenic beauty, the province’s appeal also lies in the warmth, friendliness and hospitality of its people. Simple acts and genuine interactions in everyday services have helped shape an image of a sincere and welcoming destination in the eyes of visitors.
  • 'Digital tools light up classrooms in Điện Biên

    Digital tools light up classrooms in Điện Biên

    SOCIAL AFFAIRS -
    ĐBP - More dynamic lessons, greater student engagement and more flexible teaching methods are among the clearest changes driven by the use of information technology in classrooms across Mường Nhé commune. The shift is gradually improving the quality of education and training in this remote border area.
  • 'All-out efforts to keep election day safe

    All-out efforts to keep election day safe

    NEWS - POLITICS -
    ĐBP - Identifying the election of deputies to the 16th National Assembly and People’s Councils at all levels for the 2026-2031 term as a major and wide-ranging political event of special significance, the Party committees and authorities of Mường Ảng commune have focused on directing and implementing all preparatory steps in a coordinated and strict manner in accordance with regulations to ensure a safe election.
  • 'Current landscape of slaughtering in Điện Biên

    Current landscape of slaughtering in Điện Biên

    ECONOMY -
    ĐBP - According to a report from the Agricultural Division under the Điện Biên provincial Department of Agriculture and Rural Development, the province currently lacks a centralized livestock and poultry slaughtering facility. Instead, there are 325 small, dispersed establishments across 38 communes and wards.