Agribank and VNPAY signed a cooperation agreement to deploy a digital transformation solution package for business households.

On the afternoon of December 1, at Agribank Headquarters, the Bank for Agriculture and Rural Development of Vietnam (Agribank) and Vietnam Payment Solutions Joint Stock Company (VNPAY) officially signed a cooperation contract to deploy a digital transformation solution package specifically for business households and small enterprises.

Báo Đại biểu Nhân dân•02/12/2025

Attending the signing ceremony, on the side of VNPAY , there was the presence of Mr. Le Tanh - Vice Chairman of the Board of Directors, General Director; Mr. Nguyen Tuan Luong - Vice Chairman of the Board of Directors along with leaders and officers of the business sector, the Northern business sector of VNPAY.

On Agribank's side, the event was attended by Mr. Pham Toan Vuong - Deputy Secretary of the Party Committee, General Director of Agribank, along with Deputy General Directors and representatives of the leaders of the Departments and Centers at the Head Office, Directors of branches: Transaction Office, Lang Ha, Hanoi, Ha Tay. The signing ceremony was also attended by representatives of the target customer group who are business owners in Hanoi.

*Overview of the cooperation signing ceremony between Agribank and VNPAY*

Speaking at the ceremony, Mr. Pham Toan Vuong - General Director of Agribank emphasized that this is a strategic step to accompany business households in the important transition period, from lump-sum tax to declaration according to Decree 70/2025/ND-CP and new regulations of the Ministry of Finance .

Agribank's General Director said that millions of business households will have to apply electronic invoices, automatically transmit tax data and build standardized management processes, requirements that are not easy to implement for customer groups with limited digitalization levels.

*Mr. Pham Toan Vuong - Member of the Board of Members, General Director of Agribank delivered a welcome speech at the signing ceremony*

Therefore, through cooperation with VNPAY, Agribank hopes to bring a comprehensive, low-cost but highly effective solution set, helping businesses confidently and conveniently enter the digital transformation journey.

This support does not stop at providing financial services but also includes sales management tools, issuing electronic invoices and connecting data with tax authorities, thereby improving transparency and stabilizing cash flow for businesses.

Along with technology solutions, Agribank offers many notable financial incentives including free opening and maintaining of payment accounts, preferential account numbers, free balance notification via OTT on Agribank Plus application.

In particular, the bank has launched a preferential credit package of 4.5%/year for business households, a meaningful level of support in the context that businesses have to invest in additional equipment, digital platforms and change operating procedures to meet new legal requirements.

*Mr. Le Tanh - Vice Chairman of the Board of Directors, General Director of VNPAY* *spoke*

On the side of VNPAY, Mr. Le Tanh - Vice Chairman of the Board of Directors, General Director of VNPAY highly appreciated the role of Agribank with its extensive network, along with the ability to reach deeply into rural - mountainous areas and small business households. VNPAY also officially introduced a comprehensive digital transformation solution designed specifically for businesses and business households nationwide.

This solution package is provided free of charge for 3 years, helping businesses quickly access modern management tools without initial investment, thereby narrowing the digital gap between business groups and meeting the requirements of new regulations.

*Representatives of Agribank and VNPAY signed a cooperation agreement to deploy a digital transformation solution package for business households.*

The solution set includes VNPAY-Invoice electronic invoices, data storage using VNPAY Cloud, VNPAY-CA digital signatures, sales management software, and payment devices such as VNPAY-POS and PhonePOS. The Vice Chairman of VNPAY's Board of Directors believes that this solution set will help business households fully comply with tax declaration requirements, manage revenue in real time and make business operations transparent, a key factor in shifting from an empirical model to a data-based model.

Mr. Le Tanh emphasized that the cooperation of Agribank and VNPAY today begins a new journey, a journey to bring digital technology to every business household, every enterprise and every locality.

The signing of the Agribank - VNPAY cooperation agreement took place at a time when the market is witnessing the strongest digital transformation speed in the private economic sector. New requirements on electronic invoices, data standardization and revenue transparency have forced many business households to completely change their operating model. However, initial investment costs and limitations in technological capacity have made this process difficult.

*Agribank and VNPAY delegates* *attend the signing ceremony and take souvenir photos*

In that context, the “0 VND” solution from VNPAY combined with financial incentives and Agribank’s extensive network is considered the optimal solution for the market. Businesses not only significantly reduce operating costs but can also manage revenue, customers, inventory and sales processes on a unified digital platform.

In addition to supporting compliance with legal regulations, the Agribank - VNPAY cooperation also opens up opportunities to improve competitiveness for business households, a group that accounts for a large proportion of the economy but has limited access to technology. When the entire business process is standardized, transparent and automated, business households will have more favorable access to credit, expand scale and participate in e-commerce - an important and decisive factor in the stage of transforming business models to digital platforms.

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