RESEARCH ON ACCESS TO FORMAL CREDIT OF FARMER HOUSEHOLDS IN THE MEKONG DELTA, VIET NAM: THE CASE AT THE VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
A study on farmer households’ access to formal credit at Bank for Agriculture and Rural Development of Vietnam in the Mekong Delta (Agribank) by collecting primary data from 390 households showed that 156 farmers households have never had access to official credit sources and 234 farmers have access to capital at 06 Agribanks in the Mekong Delta region: Agribank in Tra Vinh province, Agribank in Ben Tre province, Agribank in Soc Trang province, Agribank in Bac Lieu province, Agribank in Vinh Long province and Agribank in Dong Thap province for the period July 2021 to June 2022. Applying the Probit regression model, the research shows that there are 09 factors affecting farmers' ability to access formal credit sources: Age of household, Purpose of using capital, Average annual income, Average annual spending, Level of Education of household, Area of production land, Certificate of land use right, Agricultural production experience, and Applying science and technology to production. From the research results, the authors have proposed policy implications to improve the ability of households to access formal credit at Agribank in the future.
Formal Credit, Farmer Households, Access, Agribank, Policy Implications...