Since its establishment in 1988, Vietnam’s Agribank has continuously played a key role in contributing to the development and significant achievements of the country’s valuable agricultural industry.
 Mr. Trinh Ngoc Khanh, chairman of Agribank

Vietnam Bank for Agriculture and Rural Development (Agribank) is the only 100% state-owned commercial bank in Vietnam. Throughout its development, Agribank has always been the largest bank in Vietnam in terms of total assets, operating network and customer base. The bank’s market share includes 16% of the total funding sources and outstanding loans that make up Vietnam’s banking system as a whole.
Agricultural focus
As of November 30, 2018, total assets of Agribank reached nearly VND 1.3 million billion, mobilized capital reached over VND 1.2 million billion, total outstanding loans and investments reached over VND 1.1 million billion, of which the proportion of outstanding loans for agriculture and rural areas was 73.6% .
Agribank has played a very important role in the development of the country’s economy in general and particularly in the agricultural sector and rural areas of Vietnam – a country in which 70% of the workforce is employed in the agricultural sector and 80% of the population lives in rural areas. The agricultural sector contributes to about 22% of the country’s GDP and makes up 30% of its export turnover. Over 30 years of development, Agribank has been consistently pursuing its investment focus and upholding its key and leading position as a financial institution providing credit and financial services primarily to Vietnam’s agricultural and rural areas. Agribank outstanding loans for agricultural and rural areas account for 73.6% of its total outstanding loans and 51% of total outstanding loans of the banking sector for these areas.
Sustaining development
Agribank has a stable structure of liabilities comprising a large proportion of Vietnam’s public mobilization, which is invested in the country’s programs and agricultural development priorities. These include the lending programs for the food industry, aquaculture, coffee, husbandry, rubber, pepper and cashew planting, the national targeted program for New Rural Development, the supporting programs to reduce the loss of agricultural production, the lending program for social housing, the pilot lending to association models in the agricultural value chain from production to consumption and the models of hi-tech application to agricultural production.
An international partner
Agribank’s investment in the agricultural and rural sector has contributed to positive change in the country’s economic structure, job creation, infrastructural development, customers’ income increases and social-economic stabilisation in rural areas. With its experience and prestige in the rural credit field, Agribank is always the first partner in Vietnam entrusted by international donors including the World Bank (WB), the Asian Development Bank (ADB) the the European Investment Bank (EIB, in implementing their credit projects within the country.
Agribank is also a partner and constructive member of many international associations, which include the World Savings and Retail Banking Institute (WSBI), Asia-Pacific Rural and Agricultural Credit Association (APRACA) and the International Agricultural Credit Confederation (CICA).
Hi-tech Banking
Developing and applying technology in banking operation has also been Agribank’s focus. The bank was the first in Vietnam to complete its core banking project financed by the World Bank, which modernized the customer accounting and payment system (IPCAS). Relying on a well-invested technology base, Agribank has achieved substantial progress in governance, management and in the development of advanced banking products, services and utilities.
Agribank’s strategy for the coming years will see the bank continue to enhance its key role in the monetary and credit market for agriculture and rural areas: providing diversified products and services that are tailored to the features of each region or area, while maintaining its position as the largest commercial bank and financial institution in Vietnam, committed to contributing to the country’s achievements in industrialization, modernization and development.

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