Agribank innovates, accelerates, and makes breakthroughs.

In 2025, Agribank has set the goal of innovation, acceleration, and breakthroughs, continuing to focus all resources to exceed business plan targets, achieve safe and efficient growth, and make a practical contribution to the country's economic growth.

Remain steadfast in pursuing the goals.

The year 2025 holds special significance for the country. It is a year of acceleration, breakthroughs, and reaching the finish line; the final year of implementing the 2021-2025 five-year socio -economic development plan; the year of implementing the revolution to streamline the organizational structure; and the year of holding Party congresses at all levels leading up to the 14th National Congress of the Communist Party of Vietnam. All of this is to prepare and consolidate the fundamental elements, creating a foundation for our country to confidently enter a new era – an era of national development, prosperity, and strength, aiming to successfully achieve the goals of the 2021-2030 ten-year socio-economic development strategy.

This year, the Vietnamese economy is projected to continue its positive growth momentum, but it will also face many difficulties and challenges. Uncertainties in the international market; fluctuations in tariff policies from major economies; geopolitical tensions; and long-standing internal issues are creating considerable pressure on macroeconomic management.

In light of this situation, on February 5, 2025, the Government issued Resolution No. 25/NQ-CP, which clearly defined the GDP growth target at 8% or higher and required all sectors, levels, and localities to coordinate closely to ensure the set target. Subsequently, in Resolution No. 77/NQ-CP dated April 10, 2025, the Government requested ministries, sectors, and localities to prioritize strongly promoting high growth while maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy; to proactively and flexibly respond with timely and effective policies to emerging issues, and to steadfastly pursue the growth target.

For the banking sector, the Government requires the State Bank of Vietnam to take the lead and coordinate with relevant agencies and localities to closely monitor the international and regional situation; changes and adjustments in the policies of major economies to proactively, flexibly, promptly, and effectively manage monetary policy; manage exchange rates in accordance with market conditions, and be ready to intervene when necessary to stabilize the foreign exchange market; continue to direct credit institutions to implement more decisively and effectively solutions to strive to reduce lending interest rates, creating conditions for people and businesses to access loan capital at reasonable costs and low capital prices; direct credit towards production and business sectors, priority sectors, and growth drivers; and promote short-term lending to support businesses affected by the US tariff policy. The study also focuses on developing preferential credit packages for people under 35 to buy houses, as well as preferential credit packages of approximately 500 trillion VND for businesses investing in infrastructure and digital technology with long-term loans…

Implementing comprehensive solutions to boost effective growth, with a determination to achieve and surpass the targets for 2025.

Efforts to support the economy, decisive action.

As one of the leading state-owned commercial banks, Agribank clearly defines its responsibility in implementing the policies and guidelines of the Party and Government, contributing to realizing the aspiration of making Vietnam a developed and prosperous nation. The spirit of innovation, along with the decisive implementation of solutions to promote effective and safe growth, are key factors for Agribank to make a positive contribution to the country's socio-economic growth targets in 2025.

At the beginning of the year, the Agribank Party Committee issued Resolution No. 63-NQ/ĐU-NHNo on the tasks for 2025, which also serves as the basis for leading and directing the Party Committee and the entire system to implement key tasks in 2025. Simultaneously, it provided the basis for the Board of Members to issue Resolution No. 01/NQ-HĐTV dated January 6, 2025, on the main targets, tasks, and solutions for 2025, and for the General Director to issue document No. 1567/NHNo-KHCL dated January 24, 2025, on the organization and implementation of tasks and solutions for 2025.

In implementing Conclusion No. 123-KL/TW dated January 24, 2025, of the Central Committee of the Communist Party of Vietnam and Resolution No. 25/NQ-CP of the Government, the Agribank Party Committee issued Action Program No. 42-CTr/ĐU dated March 4, 2025, to implement the Central Committee's Conclusion on the supplementary plan for socio-economic development in 2025, with the goal of achieving a growth rate of 8% or higher. This serves as a basis for guiding the actions of the entire Party Committee and as a foundation for concretizing the content of the Conclusion into Agribank's operations and guiding the actions of the Agribank Party Committee.

In 2025, Agribank is determined to comprehensively fulfill all business targets assigned by the State Bank of Vietnam, the targets and objectives of the restructuring plan, the Resolution of the 10th Congress of the Agribank Party Committee, term 2020-2025, and the Agribank development strategy plan to 2025, with orientation to 2030.

It can be said that the above directives have created a synchronized foundation for the entire system to act in a unified, decisive, and systematic manner right from the first months and quarters of the year. In the first quarter of 2025, the entire system promptly and decisively implemented solutions to promote safe and efficient business operations. Agribank continues to provide a full range of credit products to all customer segments. Simultaneously, to support people and businesses in accessing credit capital and promoting economic growth in accordance with the directives of the Government, the Prime Minister, and the State Bank of Vietnam, Agribank has issued mechanisms and policies and implemented 10 preferential interest rate credit programs with a total scale of approximately 350,000 billion VND to boost credit growth from the beginning of the year. In addition, the bank always focuses on customer development and decisively implements many solutions to restructure operations such as: reorganizing the organizational structure and network; Handling and recovering bad debts; financial management; promoting digital transformation…

By March 31, 2025, Agribank's key business indicators had achieved positive results. Total outstanding loans to the economy reached nearly VND 1.78 trillion, with breakthrough growth compared to the same period in recent years. Total non-performing loans on the balance sheet decreased by VND 1,107 billion (equivalent to 3.79%) compared to the beginning of the year; 69 out of 162 branches reduced non-performing loans; and debt collection after risk management also increased significantly compared to the same period in 2024. These results were achieved not only thanks to the close and flexible management from the head office, but also because many branches changed their business mindset, proactively implemented solutions, and effectively applied policies and products issued by the head office to boost business activities from the beginning of the year, moving away from a seasonal and passive approach.

Many large-scale credit programs with preferential interest rates are available to support individuals and businesses.

To ensure the progress of achieving the business targets for 2025 assigned by the State Bank of Vietnam, the Party Committee, and the Board of Members, as well as the objectives of the Agribank restructuring plan associated with handling bad debts in the 2021-2025 period, the General Director of Agribank requests all units in the system to seriously implement the program and tasks for each month and quarter; to promote the strength of unity, the spirit of innovation, and continuous efforts to transform difficulties and challenges into opportunities for breakthroughs, with high determination, great effort, and decisive action to successfully complete the planned targets. Successfully and effectively implement the Agribank restructuring plan associated with handling bad debts in the 2021-2025 period; the Resolution of the 10th Congress of the Agribank Party Committee, term 2020-2025; and the Agribank development strategy plan to 2025, with orientation to 2030. Preparing to implement the Resolution of the 11th Congress of the Agribank Party Committee, term 2025-2030, creating a foundation for sustainable development and double-digit growth in the 2026-2030 period, bringing the country into a new era - an era of national prosperity and development.

The active and coordinated involvement from the Head Office to the branches is a crucial prerequisite for Agribank to continue overcoming all difficulties and challenges, striving to achieve and surpass the important targets set for 2025, and making significant contributions to the sustainable development of the country together with the banking industry.

Source: https://thoibaonganhang.vn/agribank-doi-moi-sang-tao-tang-toc-dot-pha-163178.html