BAC A BANK participates in the International Festival of Vietnam Rice Industry - Hau Giang

Festival in a special year with many records set

With the theme "Green Rice - Healthy Living", the Vietnam - Hau Giang International Rice Festival 2023, organized by the Ministry of Agriculture and Rural Development in coordination with Hau Giang province and the Central Committee of the Vietnam Farmers' Union, will take place in mid-December 2023 in Vi Thanh city, Hau Giang province.

The festival is an important event, affirming the role and positioning of the Vietnamese rice industry in the region and the international arena. This is also the first time the Vietnamese rice festival has been raised to an international level, attracting the participation of 37 countries, global organizations and 12 foreign enterprises. In addition, about 30 provinces and cities have registered to participate in the "One Commune One Product" (OCOP) Program chain with 60 booths.

Along with the above “telling numbers”, the Festival takes place in the context of the entire rice industry setting many new records, Vietnam is aiming to become a pioneer country in producing quality rice, reducing emissions, developing in a green and sustainable direction. And 2023 is a year with many favorable factors and achieving proud successes.Rice exportVietnam's rice export volume reached more than 8.1 million tons with a turnover of nearly 4.7 billion USD, an increase of 14.4% in volume and 35.3% in turnover compared to 2022, this is the highest turnover in the history of our country's rice exports.

Notably at this event, Bac A Commercial Joint Stock Bank organized a booth to participate, arranged a team of experienced officers and employees to carry out activities to introduce diverse products and services to individual and corporate customers.

Actively supporting and participating in the Vietnam Rice Festival event shows the role and efforts of BAC A BANK in supporting economic development, connecting opportunities for units and enterprises in the Vietnamese rice industry in particular and agriculture and rural areas in general; at the same time, affirming BAC A BANK's strategy of accompanying high-tech agricultural enterprises and enterprises operating in the field of food production.

Accompanying the agricultural industry with many specialized and unique products

Identifying agriculture as a strong and important production sector of Vietnam, in recent years, BAC A BANK has always focused on implementing and synchronizing many practical solutions and policies to accompany the fields.high tech agriculture; planting and caring for industrial plants, vegetables, flowers, fruits; producing clean food... Designing specialized products helps the Bank get closer to the credit needs of each group of businesses by industry, easily optimizing customer benefits.

Following the above programs, in 2024, BAC A BANK plans to allocate thousands of billions of VND in resourcesconcessional loanfor rice enterprises. In particular, BAC A BANK will coordinate with enterprises supplying seeds, fertilizers, and pesticides to sponsor farmers and agricultural cooperatives, applying mechanization and technology to build "footprint-free fields".

In particular, for the rice industry in particular, BAC A BANK's credit activities have recently had positive and effective investments. From August 2023, the Credit Grant product for Corporate Customers in the rice industry has been officially deployed throughout the banking system, with many unique preferential features.

Accordingly, BAC A BANK flexibly implements credit granting forms, from pre- and post-delivery lending to discounting of documents, guarantees, and factoring. More attractively, the Bank always prioritizes simplifying administrative procedures, accepting a variety of types of collateral, suitable for the business characteristics of the industry, including: Real estate, machinery and equipment, goods or debt claims with preferential loan-to-value ratios.

The beneficiaries of BAC A BANK’s preferential credit package are enterprises exporting, supplying, producing and processing rice. By accessing capital with value and flexible terms, suitable for the needs and characteristics of the business, enterprises can take full advantage of all opportunities in the current “favorable time, favorable location, and favorable people” period of the industry.

For more information, please visit the Websitewww.baca-bank.vn, contact BAC A BANK branches/transaction offices or Customer Care Center: 1800 588 828.