Agribank enhances cooperation with Japan’s Yanmar Group
Deputy General Director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a Japanese agricultural machinery manufacturer.
A transaction office of Agribank (Photo: Agribank)
Hanoi (VNA) – Deputy General Director of the Vietnam Bank forAgriculture and Rural Development (Agribank) Pham Toan Vuong has had a working sessionwith representatives from Yanmar, a Japanese agricultural machinery manufacturer.
At the September 11 working session, the two sides reviewed their past cooperationand discussed potential for future collaboration.
In October 2017, Yanmar Vietnam and Agribank signed an agreement on cooperationin implementing solutions, support policy packages and strategic cooperation programmesthrough Yanmar’s official agents and the network of branches and transactionoffices of Agribank nationwide.
After nearly one year, Agribank has created conditions for its customers to getloans to purchase machinery and equipment distributed by Yanmar Vietnam in linewith the bank’s current regulation and Vietnamese law.
By August 31, 2018, the Agribank system had provided loans worth over 200billion VND (8.58 million USD) in total for 430 customers.
Yanmar Vietnam has also realized its commitment when partnering with the Agricultural Bank Insurance Company (ABIC) to present machinery insurance to all Agribank customers who borrow money to buy agricultural machines.
Aribank and Yanmar Vietnam have regularly coordinated in carrying out projectsfor more than 1,000 credit staff and clients.
In the coming time, the two sides will deploy a nationwide mortgage programme,focusing on the Mekong and Red River Deltas, as well as organise customer seminarsand machine performances. Over 100 of such events are expected to be held between nowand March 2019.
Speaking at the working session, Vuong said Agribank will support Yanmar inpromoting its products through the bank’s lending team.
He expressed his belief that Agribank will continue to be an important bridge forVietnamese farmers to access modern technology and high quality machines fromforeign countries, especially Japan.-VNA
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A transaction office of Agribank (Photo: Agribank) 
