Vietnam Bank Supports Nam Dinh Farmers

“Every little helps” is a timeless adage, especially true when building a successful enterprise. Understanding this, the May 2019 policy was enacted to support farmers in accessing preferential loans, contributing to rural economic development. The Vietnam Bank for Social Policies (VBSP) in Nam Dinh province acts as the bridge connecting these policies to the people.

VBSP Nam Dinh: Fostering Agricultural Growth

VBSP Nam Dinh acts as a guiding hand, nurturing and supporting the entrepreneurial dreams of local residents. From investing in modern agricultural machinery and equipment to expanding production and business scale, VBSP accompanies farmers every step of the way.

VBSP branch in Nam Dinh

Preferential Interest Rates – Easing Financial Burdens

A highlight of VBSP is its preferential interest rate policy, significantly lower than other commercial banks. This reduces the financial burden on borrowers, enabling them to confidently focus on production and business.

According to Nguyen Van A, an economic expert at the Policy Institute, this preferential loan capital is partly sourced from the state budget and partly from mobilized capital through savings deposits. This enables VBSP to maintain operations and provide sustainable support to the people.

Simple Procedures, Fast Disbursement

Besides attractive interest rates, VBSP also attracts people with its simple loan procedures and fast disbursement. With complete documentation, individuals can easily access loans without lengthy waiting periods.

Farmers applying for loans at VBSP

Farmer Hai Lua and His New Truck: A Success Story

Farmer Hai Lua, from Giao Thuy district, Nam Dinh, once struggled with transporting agricultural products. Since purchasing a new truck with a preferential loan from VBSP, his family’s life has turned a new page. “Thanks to VBSP, I was able to buy this truck. Now, transporting agricultural products is much easier, and my income has significantly increased,” shared Mr. Hai Lua.

Mr. Hai Lua’s story is just one of many success stories in Nam Dinh thanks to VBSP loans. From these “sown” funds, VBSP contributes to “bumper harvests,” bringing prosperity and happiness to the people.

Important Notes When Borrowing from VBSP Nam Dinh

For a smooth loan process, please note the following:

• Carefully review loan programs, borrowing conditions, and interest rates.
• Prepare complete documentation as required by the bank.
• Use the loan for its intended purpose effectively.
• Repay the loan on time to avoid bad debt.

Need Support? Contact Us Now!

For assistance, please call: 0968239999, Email: [email protected] Or visit us at: TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.

VBSP Nam Dinh – Partnering with you to build a prosperous and happy life. We hope this information provides valuable insights into VBSP Nam Dinh. Let VBSP accompany you on the path to economic development and prosperity for yourself, your family, and society.