Agribank – Vietnam's leading commercial bank

Vietnam Bank for Agriculture and Rural Development ( Agribank ) was established under Decree No. 53-HDBT dated March 26, 1988 of the Council of Ministers (now the Government). Through each development period with different names, throughout 36 years of construction and development, Agribank has always affirmed its position and role as one of the leading commercial banks in Vietnam, the main force in investing in the development of "Tam Nong", taking the lead in implementing monetary policy, contributing to stabilizing the macro economy, curbing inflation, supporting growth and ensuring social security.

To date, Agribank is the only commercial bank with 100% charter capital held by the State, with the largest scale and network of operations in the system of credit institutions in Vietnam with 2,300 branches and transaction offices present in all regions, areas and island districts; nearly 40,000 officers and employees. Agribank's operations have achieved stable growth in terms of scale, structure, quality and efficiency with total assets reaching over 2 million billion VND; capital reaching over 1.88 million billion VND; total outstanding loans to the economy reaching over 1.55 million billion VND, of which 65-70% of outstanding loans are always reserved for investment in "Tam Nong". Agribank's capital accounts for the largest proportion in the market share of agricultural and rural investment credit in Vietnam. Agribank always plays a pioneering and exemplary role in seriously and effectively implementing the national monetary policy and the Party and State's policies on "Agriculture, Rural Development", on currency and banking, especially credit policies for agricultural and rural development, 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. Agribank is a pioneer, responsible, and effectively implementing 07 credit policies, 03 national target programs on new rural construction, socio-economic development programs for ethnic minority and mountainous areas; and sustainable poverty reduction programs. Agribank develops and provides over 200 convenient, modern and diversified capital mobilization and banking services to meet the needs of people and businesses, promote non-cash payments, and actively contribute to the cause of national socio-economic development and construction, ensuring national defense and security.

Agribank has continuously simplified lending procedures, improved lending models and methods, and coordinated with local authorities, Farmers' Associations, Women's Unions, and socio -political organizations to deploy over 64,000 lending groups with over 1.2 million members; safely deployed 68 mobile transaction points using specialized vehicles in 474 communes nationwide, creating favorable conditions for households and individuals in remote areas to access loans and banking services. Agribank has also promoted the development of card services in the agricultural and rural markets, with the goal of increasing access to bank capital for individuals and families as well as civilized and modern payment services in agricultural and rural areas, promoting the development of non-cash payments in Vietnam. Through credit programs and providing convenient banking products and services, Agribank has basically met the capital demand with preferential lending interest rates, promptly serving the production and business needs of people and businesses, contributing to joining hands with all levels and sectors to push back the black credit situation, while continuing to affirm the leading role of State-owned commercial banks in providing capital and convenient banking products and services to serve the development of agriculture, rural areas and farmers, contributing to creating breakthroughs in restructuring Vietnam's agriculture. Through proactively implementing credit investment and providing convenient banking products and services, Agribank has been opening up opportunities for millions of Vietnamese farmers to access the world's leading agricultural techniques, applying the achievements of the 4.0 industrial revolution to production and business, contributing to making fundamental progress in Vietnam's agriculture.

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; always allocates significant funds to support the construction of schools, medical stations, charity houses, overcoming the consequences of natural disasters, and preventing the Covid-19 epidemic. Every year, Agribank allocates 300 - 400 billion VND for social security activities. Officers and employees of the entire system promote a sense of responsibility to the community, enthusiastically responding to meaningful activities "For a green future", "For a green Vietnam"...

In recognition of Agribank's important contributions to the development of "Tam Nong" and the country's construction, the Party, the State and the Banking sector have awarded Agribank with noble awards: 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 have highly appreciated and honored Agribank as a National Brand, Top 10 largest enterprises in Vietnam, Top largest tax-paying enterprises, credit rating at Ba2, equivalent to the national credit rating, Bank for the community.

Entering a new development stage, Agribank has set the goal of building a modern and integrated bank, aiming at digital banking and retail banking; transforming into a joint stock commercial bank, with management and operations following international practices; striving to be in the Top 100 largest banks in Asia in terms of asset size; operating safely and effectively; maintaining a key position in the agricultural and rural financial market, effectively implementing the National Comprehensive Financial Strategy, actively contributing to the cause of innovation, development and integration of the country and the Banking Industry in the following stages.

Agribank Website