VRG and Agribank sign comprehensive cooperation agreement, leveraging their combined strengths towards sustainable development.

On the afternoon of December 9th, the Vietnam Rubber Industry Group (VRG) and the Vietnam Bank for Agriculture and Rural Development (Agribank) officially signed a comprehensive cooperation agreement. This event not only marks an important milestone in their partnership but also demonstrates the determination to leverage the combined strengths of these two key state-owned enterprises, contributing to the stability and sustainable development of the economy.

Great opportunities from the two economic "pillars".

Speaking at the signing ceremony, Mr. Tran Cong Kha, Chairman of the Board of Directors of VRG, emphasized the role and prestige of the two brands. Mr. Tran Cong Kha assessed that both VRG and Agribank are major brands with important roles in the agricultural sector and the country's economic development. Agribank is a leading state-owned commercial bank in the "three rural sectors" (agriculture, farmers, and rural areas), while VRG is a large-scale agricultural and industrial enterprise with nearly 400,000 hectares of rubber plantations domestically and internationally, and a workforce of over 80,000 people.

Mr. To Huy Vu - Chairman of the Board of Members of Agribank, delivered a speech at the signing ceremony.

In the context of VRG's ongoing pursuit of a sustainable development strategy based on three pillars – economic, environmental, and social – VRG's leadership believes that cooperation with a strong financial institution with expertise in the specifics of the agricultural sector, such as Agribank, will provide significant impetus for VRG to implement key projects, especially those related to sustainable development and green transformation.

Agreeing with this assessment, Mr. To Huy Vu - Chairman of the Board of Members of Agribank - highly appreciated VRG's outstanding achievements in 2025, especially its production and business efficiency, the growth of the "VRG Green" brand, its rubber exploitation and processing capacity, and its system of 14 industrial parks operating effectively.

According to Mr. To Huy Vu, in a period of profound regional and global economic fluctuations, the agricultural sector and the finance and banking sector have become two key pillars, playing a decisive role in macroeconomic stability, ensuring national security, and the country's long-term growth prospects. Therefore, enterprises holding central positions in these two sectors, such as VRG and Agribank, bear a particularly significant and historically important responsibility.

Mr. Tran Cong Kha, Chairman of the Board of Directors of Vietnam Rubber Industry Group (VRG), delivered a speech at the signing ceremony.

Elevating the cooperative relationship between the two sides to a new level not only has economic significance but also demonstrates political responsibility in leveraging the combined strength of the state-owned economic sector.

Prioritize funding for strategic projects and green credit.

According to the comprehensive cooperation agreement signed, Agribank and VRG will jointly implement products and services to meet each other's needs, aiming to create business efficiency and strengthen cooperative relations by exploiting each other's strengths and potential. This cooperation agreement serves as the basis for Agribank, VRG, and their affiliated units to negotiate and sign service contracts and specific agreements in the future.

Specifically, Agribank prioritizes providing banking products and services to VRG with reasonable and preferential interest rates and service fees in accordance with the law and Agribank's regulations in each period, ensuring competitiveness in the financial and banking market. Agribank also prioritizes the use of VRG's products and services throughout the Agribank system, in internal operations and employee welfare programs. Agribank will cooperate and facilitate VRG in introducing, promoting, and connecting VRG's products and services to Agribank's ecosystem of partners, customers, and affiliated units nationwide.

Mr. Hoang Minh Ngoc - Deputy General Director of Agribank and Mr. Pham Van Hoi Em - Deputy General Director of VRG signed a comprehensive cooperation agreement.

Mr. To Huy Vu affirmed that Agribank has sufficient financial capacity to partner with VRG in the long term. The bank is committed to prioritizing the allocation of capital for VRG's strategic projects such as rubber production and business; development of green and smart industrial parks; renewable energy and clean electricity; high-tech agriculture; and deeply processed rubber products. Agribank will also provide strong support in trade finance, international payments, and foreign exchange, serving VRG's rubber export activities to more than 70 countries. In addition, Agribank will develop a personal finance ecosystem for VRG employees, including payroll, bank cards, personal credit, and insurance. It will also coordinate the implementation of programs related to sustainable development, green credit, sustainable forest management, meeting EUDR standards, and reducing emissions.

According to the comprehensive cooperation agreement, VRG will prioritize the use of financial and banking products and services provided by Agribank, ensuring quality and competitive pricing. At the same time, VRG commits to prioritizing the provision of high-quality products and services from the Group to Agribank at preferential prices and with flexible payment policies, as well as facilitating VRG's introduction, promotion, and connection of its products and services to Agribank's nationwide ecosystem of partners, customers, and affiliated units.

The signing of the comprehensive cooperation agreement between Agribank and VRG is expected to create a strong synergy, not only optimizing resources and business efficiency for both parties, but also opening up new prospects in fulfilling the mission of sustainable development and contributing to the macroeconomic stability of the Vietnamese economy.

Source: https://thoibaonganhang.vn/vrg-va-agribank-ky-ket-hop-tac-toan-dien-phat-huy-suc-manh-tong-hop-huong-toi-phat-trien-ben-vung-174907.html