Many policies and solutions for promoting corporate financial access had been discussed by BIDV’s representatives and industry experts and speakers in the “Supply chain management and financing for green agricultural enterprises” seminar.

The Seminar was organized within the framework of the ADB-funded “Greater Mekong Subregion Sustainable Agriculture and Food Security Program”. Held from 25-26 April 2023 in Thailand, the Seminar was attended by industry experts and representatives of financial institutions from Vietnam, Laos, Cambodia and Myanmar, and other agricultural businesses. The Seminar involved discussion on trends of financing for green agribusiness in the Greater Mekong Subregion; opportunities and challenges for development in the future, etc.

For Vietnam, sustainable agricultural and rural development is the Government’s orientation in the Agricultural Sector Restructuring Plan for the period of 2021-2025. The agricultural and rural development has been given various incentives and special support from the Vietnamese government in recent years.

Mrs. Nguyen Thi Kim Phuong - representative of BIDV at the Seminar shared: “As a leading financial institution in Vietnam, BIDV has always been a pioneer in implementing the directions and policies of the Government and the State Bank of Vietnam. In particular, BIDV has paid special attention to financing agriculture and rural development in Vietnam.”

BIDV has recently applied various solutions for supply chain development and green agriculture financing. The bank has extended credit with affordable interest rates for agriculture and rural development In particular, VND7,000 billion has been financed under the Program on Financing SMEs for Sustainability, towards reducing negative impacts on the environment and society; encouraging financing for rural SMEs and women-owned SMEs.

BIDV also prioritizes financing high-tech sustainable, green and clean agricultural production projects; applies supply chain financing (SCF) for enterprises involving in the production chain; provides effective services to various sectors in general and agricultural production and distribution in particular. In addition, BIDV always enhances cooperation with Government agencies and international organizations in sustainable green finance development, promoting the development of businesses in particular and the economy in general.

BIDV representative (right side) and experts, speakers attending the Seminar

The “Greater Mekong Subregion Sustainable Agriculture and Food Security Program” is funded by ADB under the TA-9916 REG package, aiming to support the agricultural development of the Greater Mekong Sub-Region (including Vietnam, Laos, Cambodia, Myanmar, Yunnan province and Guangxi province of China). The Program aims to make the Greater Mekong Subregion a leading producing zone of green, safe and environmentally friendly agricultural products.