Agribank - For a prosperous nation

Beyond its role as a major investor in agriculture, rural areas, and farmers, Agribank is also an enterprise that excels in fulfilling its social responsibilities. In addition to its business activities, Agribank focuses on allocating resources to social welfare activities, environmental protection, improving education, healthcare, and rural infrastructure. For many consecutive years, Agribank has been honored as a "Typical Bank for the Community," affirming its tradition of sharing and its business strategy contributing to building a prosperous nation. Transforming the face of rural areas: Agribank 's 36-year journey has always been intertwined with the development of agriculture and rural areas. In over 10 years of implementing the new rural development loan program, starting with 11 pilot communes, Agribank has expanded to 100% of communes nationwide, with outstanding loans exceeding 600,000 billion VND to more than 2.1 million customers. The combination of sound policies from the Party and Government, the innovative efforts of farmers, and bank credit has comprehensively transformed the face of rural areas. Besides the credit policies under Decree No. 55/2015 on credit policies serving agricultural and rural development; and Decree No. 116/2018 amending and supplementing some articles of Decree No. 55/2015 dated June 9, 2015 of the Government on credit policies serving agricultural and rural development; Agribank implements preferential credit programs targeting the "three rural sectors" (agriculture, farmers, and rural areas), lending to meet the production and business needs of OCOP products; preferential interest rates and service fees for agricultural import and export; and preferential credit for cultivation, production, exploitation, processing, and trading of forestry products, aquatic products, high-tech agriculture, and clean agriculture…

Working together with farmers to build a green, clean, and modern agricultural system. Photo: Duc Kien

At the same time, proactively providing quick and timely capital helps farmers develop and innovate their livestock farming, cultivation, and production activities to become more modern. This, in turn, increases the yield and quality of agricultural products, boosts income, and allows them to improve their lives through their own family production models, making a significant contribution to the economic restructuring process in each locality. Thanks to Agribank's capital, many large-scale agricultural production models applying high technology have been and are being formed throughout Vietnam, creating agricultural production chains that contribute to the creation of high-quality, high-value agricultural products, bringing practical benefits. Specifically, examples include vegetable, flower, and fruit cultivation (Lam Dong); large-scale model fields (Can Tho); livestock farming (Bac Ninh, Lao Cai, Ha Nam); investment in agricultural machinery and equipment (Tien Giang, Long An); and corn cultivation (Son La). Safe fruits and vegetables in the Central Highlands provinces (Dak Nong, Kon Tum); dragon fruit according to VietGAP standards (Binh Thuan)... Contributing to the results of building new rural areas nationwide, Agribank proactively allocates a portion of its profits to finance the construction and upgrading of infrastructure investment projects and public works that are most essential to the lives, activities, and business operations of local people... For a green future : Recognizing the impacts of climate change, Agribank proactively implements solutions to jointly protect the environment, reduce emissions, and increase reforestation, contributing to Vietnam's commitment to achieving net zero emissions by 2050.

On August 8, 2024, at the ceremony announcing and honoring outstanding Vietnamese banks in 2024 held in Ho Chi Minh City, Agribank was honored with three titles, including the "Outstanding Bank for the Community" award.

Agribank has launched the "1 Million Trees - More Trees, More Life" green planting campaign, contributing to the Prime Minister's initiative to "Plant 1 Billion Trees in 5 Years." The tree planting and seedling donation activities in many localities have contributed to increasing forest cover, improving the environment, and preventing erosion, landslides, and natural disasters. In addition, the support of seedlings has helped local people boost the development of hill and forest economies, increase production, and escape poverty. These Agribank seedlings are growing and protecting the country's land and forests. In 2023, Agribank organized an online running event "For a Green Future" to raise funds, with the enthusiastic participation of its staff, employees, customers, partners, and the community. The total achievements of the 35,000 athletes participating in the race were converted by Agribank into 35 billion VND in the social welfare budget to fund community activities and environmental protection. In conjunction with national target programs on environmental protection and climate change mitigation, Agribank collaborates with the Ministry of Agriculture and Rural Development of Vietnam to provide funding for projects such as: Sustainable development of 1 million hectares of high-quality, low-emission rice cultivation linked to green growth in the Mekong Delta by 2030; coastal resources for sustainable development; disaster risk management; clean water supply and rural sanitation in the Red River Delta; and wind power. The fight against drought and salinity in the Mekong Delta... With capital from Agribank, many renewable energy projects, wind power, and solar power projects have been established. Agribank's green capital has supported the maintenance and development of green, environmentally friendly energy projects. Throughout 36 years of building and development, Agribank has implemented many meaningful social and charitable programs and activities, contributing to social security, community engagement, and community development. Every year, from its profits and the support of its employees, Agribank allocates hundreds of billions of VND to implement numerous social welfare programs, focusing on poverty reduction, showing gratitude, sponsoring education , healthcare, transportation, caring for and supporting the poor, people in remote areas, ethnic minorities, vulnerable groups facing many difficulties, and mitigating damage caused by natural disasters and epidemics… In 2023, Agribank donated over 500 billion VND to implement social welfare activities.

Outstanding in fulfilling community responsibilities. Photo: Duc Kien

During the Lunar New Year holiday each year, Agribank regularly organizes the "Joining Hands for the Poor" program to help people celebrate the holiday fully and warmly; it also donates solidarity houses to policy beneficiary families; and organizes visits and gift-giving to several centers for the care of war invalids and those who have contributed to the revolution. Healthcare and education are areas where Agribank consistently pays attention and provides support. Annually, Agribank collaborates with central and local hospitals to organize medical examinations and provide medicine for policy beneficiary families and people in difficult circumstances, and contributes funds for the construction of medical facilities and the equipping of medical equipment. Units throughout the Agribank system launch voluntary blood donation campaigns, with all staff and employees actively participating, contributing over 2,000 units of blood per year. During the complex Covid-19 pandemic, Agribank donated over 300 billion VND to support the prevention and control of the disease in localities and frontline agencies and units. Funding for the construction, repair, and upgrading of school facilities and the provision of infrastructure to improve teaching and learning conditions annually amounts to tens of billions of VND. Notable social welfare projects in the education sector that Agribank has invested heavily in include: the Thanh Tam Commune Kindergarten (Thach Thanh District, Thanh Hoa Province), funded by Agribank with 7 billion VND; and the Tan Binh 1 Primary School (Phung Hiep District, Hau Giang Province), with a total investment of 5 billion VND, fully funded by Agribank. The Thach Lac Kindergarten project (Thach Ha district, Ha Tinh province) is worth 5 billion VND... In conjunction with improving teaching and learning facilities, since 2020, Agribank has implemented the "More Literacy, Less Poverty" program, donating bookshelves and learning equipment to disadvantaged areas, remote regions, and areas with limited infrastructure. To date, donations have been made in 61 provinces and cities with a total cost of over 12.5 billion VND. For the upcoming 2024-2025 school year, Agribank will continue to implement the program in localities nationwide, creating conditions for students to have equipment and opportunities to access modern learning methods, proactively learn, explore, and develop comprehensively. Source: https://daibieunhandan.vn/doanh-nghiep1/agribank-vi-dat-nuoc-phon-vinh-i386440/