In the context of Vietnam’s ongoing economic transformation, small and medium-sized enterprises (SMEs) continue to affirm their role as the backbone of the economy. Currently, Vietnam has nearly one million active enterprises, of which approximately 98% are SMEs, contributing around 65% of GDP and generating employment for a significant share of the workforce.

Despite their important role, SMEs still face numerous challenges, particularly in accessing capital and adapting to digital transformation. In response, the Government has introduced various policies and mechanisms to support the development of the private sector, including SMEs. These include tax incentives, financial relief measures for newly established enterprises, and resolutions aimed at promoting private sector growth as a key driver of the economy.

In this context, Agribank continues to play its role as a leading commercial bank, proactively implementing a range of solutions to support SMEs. In addition to assisting businesses in their digital transformation journey, Agribank has provided large-scale preferential credit packages to help address capital constraints—one of the most critical factors influencing business expansion.

Specifically, in 2025, Agribank allocated approximately VND 60,000 billion in short-term preferential credit for enterprises, with lending rates up to 1.2% per annum lower than standard lending rates. This funding has served as an important lever, enabling SMEs to overcome challenges, restore production, and gradually enhance their competitiveness amid ongoing market uncertainties.

Beyond capital provision, Agribank actively supports businesses in accessing comprehensive financial solutions, ranging from payment services and cash flow management to modern digital banking products. This approach helps SMEs quickly adapt to digital transformation trends, improve operational efficiency, and optimize costs.

With nearly 40 years of development, Agribank has consistently upheld its mission of serving agriculture, rural areas, and farmers, while expanding its role in supporting the business community, particularly SMEs. The implementation of preferential credit programs not only reflects the responsibility of a state-owned commercial bank in executing government policies, but also contributes significantly to sustainable economic development.

As the economy enters a new phase of growth, Agribank’s credit flows are increasingly recognized as a “catalyst” that unlocks opportunities for SMEs to grow stronger, enhance their competitiveness, and integrate more deeply into domestic and global value chains. Through these efforts, Agribank not only supports businesses but also contributes to economic growth and social stability.

Kylie Nguyen