35 years of excellent implementation of the mission of developing "Tam Nong"

Agriculture, farmers, and rural areas have a very important position and role in the cause of innovation, construction, and protection of the Fatherland. Accompanying the "Tam Nong", especially with agriculture, the pillar of the economy, the Bank for Agriculture and Rural Development of Vietnam ( Agribank ) has become a key bank and has excellently fulfilled its mission since its establishment.

As the only commercial bank (CB) with 100% of charter capital held by the State, Agribank always plays a pioneering and exemplary role in seriously and effectively implementing the policies of the Party and the State on "Tam Nong", on currency, banking, especially credit policies serving agricultural and rural development. Agribank always allocates 65 - 70% of outstanding loans for investment in "Tam Nong", pioneering, responsible, effectively implementing 7 credit policy programs, national target programs, lending for new rural construction to 8,985 communes out of a total of more than 9,000 communes nationwide; providing over 200 convenient and modern banking products and services, developing diverse capital channels and banking services to people and businesses, actively contributing to the cause of economic and social construction and development of localities nationwide.

Determined to bring the Resolution on "Agriculture, Rural Development" into life

Realizing the policies and orientations of the Party, the Government, and the direction of the State Bank on "Tam Nong", Agribank is implementing 7 policy credit programs, national target programs on new rural construction, sustainable poverty reduction and socio-economic development in ethnic minority and mountainous areas. Agribank is an important "bridge" bringing the Government's preferential credit policy to many poor households and other policy subjects across the country, providing people across the country with the opportunity to access official preferential capital sources of the State, contributing to fundamentally changing the quality of life of people in agricultural and rural areas.

Especially in the 15-year journey of implementing Resolution No. 26 of the Party Central Committee (10th tenure) on agriculture, farmers and rural areas, Agribank's capital through the Government's policy credit programs has actively supported the production and business process, together with the entire banking sector, making the goal of sustainable poverty reduction a reality in Vietnam; contributing to maintaining political stability, ensuring national security and defense, limiting black credit,... contributing to the successful implementation of the project to restructure the agricultural sector towards commodity production and sustainable development.

Particularly for the national target program on new rural construction, after more than 10 years of implementation, Agribank's capital has "covered" 100% of communes nationwide, of which over 50% of the capital for new rural construction loans is for investment in production, processing, and business in agriculture, forestry, fishery, and salt industries, helping to increase the value of key agricultural products; nearly 35% of the capital is invested in commercial services; over 15% of the capital is invested in building rural infrastructure... Agribank's credit capital has supported and created conditions for localities to implement "electricity, road, school, and station" projects; households have shifted their crop and livestock structure, gradually increasing productivity and income, contributing to stabilizing their lives; forming specialized areas for the production of agricultural commodities. In addition, Agribank's credit capital continues to be focused on production and business and priority areas; Green credit growth, clean energy, high technology application.

Agribank has always made continuous efforts to diversify capital channels, bringing banking services to rural areas, remote and isolated areas. Up to now, Agribank has deployed over 69,000 loan groups with about 1.5 million members; safely deployed 68 mobile transaction points using specialized cars with over 15,000 transaction sessions, serving over 1.4 million customers in nearly 500 communes nationwide, creating favorable conditions for households and individuals in remote and isolated areas to access loans and banking services. Agribank has also deployed a consumer credit program, up to now the program's loan turnover has reached over 22,000 billion VND with 230,000 households and individuals receiving additional capital to serve legitimate and urgent needs, improving the lives of people in rural areas...

With the active support from Agribank capital, large model fields, clean agricultural production models, high technology have been formed and replicated in all regions, contributing significantly to the results of the restructuring process of agriculture towards diversifying products, applying advanced technology, improving productivity, quality, and value of agricultural products with the active support from Agribank capital.

Agribank's assurance of adequate and timely financial resources and provision of convenient and modern banking services for investment in the agricultural sector has realized the resolutions and policies of the Party and State on "Tam Nong", creating a revolutionary transformation from agricultural production thinking to agricultural economic thinking, together with the banking sector, contributing significantly to stabilizing the macro economy, controlling inflation, promoting growth and ensuring social security, developing agriculture, "supporting" the economy in a modern and sustainable direction.

Creating new position and strength for the role of "supporting" the economy

Promoting the strengths of a commercial bank with a large network in the agricultural and rural areas, present in 9/13 island districts, Agribank always plays a pioneering and leading role in implementing the State's policies and guidelines, is a tool to support and lead the market and contribute to implementing monetary policy, serving the goal of macroeconomic stability, making an important contribution to the development of the country's economy. Agribank has made an important contribution to the continuous development of the agricultural and rural sectors, ensuring national food security; creating new positions and strengths for the role of "support" of the economy, especially in difficult periods of the country.

Along with credit supply, Agribank develops hundreds of convenient products and services, diversifying distribution channels, actively contributing to creating favorable conditions for people in rural areas, remote areas to have access to capital and banking and financial services, promoting the development of non-cash payments in Vietnam and the National Financial Inclusion Strategy.

With the desire to continue to promote the implementation of credit policies serving agricultural and rural development to the people quickly and conveniently, Agribank has implemented many solutions to improve and remove difficulties in lending procedures, simplify loan application procedures, publicly and transparently post credit policies, create favorable conditions for customers to access loans, proactively approach customers, closely coordinate with local Party committees and authorities,... to propagate and disseminate credit policies serving agricultural and rural development to customers in the area.

To consolidate and strengthen its traditional position and firmly adhere to the mission of "Tam Nong", Agribank is proactive and ready with solutions to effectively implement Resolution No. 19-NQ/TW dated June 16, 2022, the 5th Conference of the 13th Party Central Committee on agriculture, farmers and rural areas to 2030, with a vision to 2045; continue to pioneer and lead in implementing credit policies to serve agricultural and rural development; build a modern and integrated Agribank, apply technology towards digital banking, retail banking and maintain a key position in the agricultural and rural financial market.

In addition to business activities, Agribank also pays great attention to social security support with many projects and long-term and comprehensive sponsorship programs across the country. Every year, Agribank allocates about 400-500 billion VND to support the construction of schools, medical stations, charity houses, overcoming the consequences of natural disasters, etc. In 2022 alone, Agribank will allocate 600 billion VND for social security work nationwide. Officers and employees of the entire system always promote a sense of responsibility to the community, enthusiastically responding to meaningful activities "For a green future", "For a green Vietnam".

From an initial specialized bank, through stages of development, Agribank has always affirmed its position and role as one of the large commercial banks, with a large scale and network of operations in the system of credit institutions with nearly 40,000 employees, 2,300 branches and transaction offices; total assets of over 1.89 million billion VND; capital of over 1.78 million billion VND; total outstanding loans to the economy of over 1.49 million billion VND. With its achievements in contributing to the development of the "Tam Nong" economy during the 35 years of development, Agribank has been awarded noble awards by the Party, the State and the State Bank: Hero of Labor in the renovation period, Second-class Independence Medal, First-class Labor Medal, Emulation Flag, Certificate of Merit; Prestigious domestic and international organizations highly appreciate and honor Agribank as a National Brand, Top 10 largest enterprises in Vietnam, credit rating at Ba2 equivalent to national credit rating, "Bank for the community"...

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