This is not only a major policy but also a guideline for action at all levels and sectors, especially financial institutions and banks - the "blood vessels" that provide resources for businesses. In that general context, Agribank is not only a simple state-owned commercial bank but also a strategic partner, a responsible pioneer in realizing Resolution 68-NQ/TW. Agribank contributes to making the private economy the most important driving force of the national economy.
Resolution No. 68-NQ/TW on private economic development of the Party Central Committee issued on May 4, 2025 affirms the requirement for private economic development to truly become an important driving force of the socialist-oriented market economy . This is not only a major policy but also a guideline for action at all levels and sectors, especially financial institutions and banks - the "blood vessels" that provide resources for businesses. In that general context, Agribank is not only a simple state-owned commercial bank but also a strategic partner, a responsible pioneer in realizing Resolution 68-NQ/TW. From the position of a bank serving "Tam Nong", Agribank is not only a "friend of farmers" but is becoming a reliable companion of the private economic sector, especially in remote areas where there are many challenges in accessing capital and financial services.
Boosting capital flow, unleashing private economic potential
When Resolution 68-NQ/TW emphasized that “the state economy, collective economy, and private economy play a core role in building an independent, autonomous, self-reliant, and self-reliant economy associated with deep, substantive, and effective international integration, helping the country escape the risk of falling behind and rise to prosperous development”… with that important driving force, Agribank affirmed that it always devotes resources to support the private economy, especially small and medium enterprises.
Agribank's investment credit capital for the private economic sector has always been given attention, with the investment credit ratio accounting for about 80% of total outstanding loans, equivalent to nearly 1.4 million billion VND. Of which, enterprises in the private economic sector with a scale of over 400 thousand billion VND account for about 90% of outstanding loans for corporate customers and have increased by more than 25% over the past 5 years.
With the spirit of innovation and responsibility, Agribank has implemented many practical solutions that bring high efficiency in supporting the private economy in general and SMEs in particular. These solutions are built on the foundation of a deep understanding of the needs of businesses, especially the characteristics of the agricultural - rural areas.
Along with that, digital transformation and smart finance are top priorities of Agribank. Agribank has been implementing digital transformation with a consistent orientation: taking customers as the center. Agribank's E-Mobile Banking application has become a powerful tool, allowing customers to perform many transactions with just a few operations on their phones, from opening an online account through electronic identification technology to paying bills, transferring money... Agribank also launched the Agribank Plus application in mid-2024, designed according to 4 "PLUS" criteria: Prime, Leading, United and Smart to increase convenience and enhance customer experience. Agribank is also actively deploying the SME customer segment in the digital banking system, with specialized features, optimizing user experience, while promoting cashless payments in rural areas, helping businesses and small businesses easily transact and make cash flow transparent.
Pioneer in ESG and support green business
In addition to capital and digital solutions, Agribank is also a pioneer in the field of ESG and green business support. Agribank continuously increases the proportion of green credit in total outstanding loans. Agribank prioritizes renewable energy projects, clean production, organic agriculture and circular economic models. In addition to providing capital, Agribank also organizes programs to guide businesses in applying basic ESG to access credit, helping businesses enhance their reputation and brand value. This clearly demonstrates Agribank's commitment to promoting sustainable growth, harmonizing the economy and the environment.
At Agribank, of the 42,485 customers with outstanding loans for the green sector, 96% of the total number of customers (40,736 customers) are in the sustainable forestry sector. The value of the sustainable forestry sector reached VND 6,805 billion, accounting for 24.5% of the total outstanding green credit and ranked second in terms of proportion. Outstanding loans in the renewable energy and clean energy sector ranked first with a loan value of VND 15,330 billion, accounting for 55% of the total outstanding green credit. Third was the green agriculture sector with outstanding loans of VND 5,540 billion, accounting for 20% of the total outstanding green credit.
Agribank's outstanding loans for green sectors have grown steadily over the years.
Up to now, Agribank's total green credit balance has reached VND28,774 billion. Of which, renewable energy accounts for more than 53%, sustainable forestry nearly 24%, and the rest is green agriculture. With the activities that have been and are being implemented, Agribank's green loan balance has grown steadily over the years.
Along with the above solutions, the Bank continues to maintain close relationships with localities and industries in connecting business associations, cooperatives, cooperative groups, and industry associations to grasp actual needs. Typically, in Ho Chi Minh City, Agribank participated in the Dialogue Conference, connecting banks with businesses, cooperatives, and agricultural production and business households in 2024, signing a support agreement for 12 customers with a total outstanding loan balance of more than 70 billion VND. Or in An Giang, Agribank also organized a Conference connecting banks and businesses with the participation of over 40 businesses and leaders of departments, branches, and associations. Close coordination with the Department of Planning and Investment, People's Committees at all levels has helped Agribank effectively implement policy credit programs, support startups, as well as resolve difficulties, creating the most favorable conditions for businesses and business households to develop locally. Thanks to this multi-dimensional connection, Agribank's support policies have truly entered life, bringing practical results.
Sustainable commitment towards a strong and responsible private sector
By the end of 2024, Agribank's total assets will reach VND 2.2 million billion, up nearly 10%; capital will reach over VND 2 million billion, up 7.6%; outstanding loans to the economy will reach over VND 1.7 million billion, up 11% over the previous year. In particular, the proportion of outstanding credit in the agricultural and rural sector will remain at over 65%, demonstrating the steadfastness in the orientation of serving "Tam Nong" to support enterprises and family businesses.
In addition, Agribank's credit growth in 2024 was higher than the target set at the beginning of the year and much higher than the growth rate in 2023, affirming the effectiveness of preferential credit programs, including 17 preferential credit programs with a total scale of VND 457 trillion for customers. The level of financial access in rural and mountainous areas has been significantly improved.
Not only numbers, Agribank's success is also clearly demonstrated through stories and examples of startups that have risen from the capital and companionship of the bank. A typical example is the story of Loan Hoan Seafood Farming, Purchasing, Import-Export Cooperative (Loc Ha, Ha Tinh) which, thanks to a loan from Agribank, has had more opportunities to expand its production scale. Originally a small cooperative, facing many difficulties, but thanks to Agribank's flexible credit package for investment and expansion of production scale, the cooperative has transformed itself into a high-tech agricultural model. Currently, the cooperative's products are not only supplied to the domestic market but also exported, bringing in large revenue each year. Or the story of Mr. Le Van De, a business household in Duc Hoa-Long An, who invested about 600 million VND in a high-tech hydroponic vegetable growing model, of which 300 million VND was borrowed from Agribank. He shared that the loan procedure was very quick and simple, taking only 1-2 days from completing the application to disbursement, showing the flexibility and timely support of Agribank. Such stories not only show the effectiveness of Agribank's policies and products but also serve as a great source of inspiration, motivating many other businesses and households to boldly invest, innovate and develop...
Loan Hoan Aquaculture, Purchasing, Import-Export Cooperative (Loc Ha, Ha Tinh) thanks to a loan from Agribank has had more opportunities to expand production scale.
The implementation of Resolution 68-NQ/TW is not only a task but also a noble responsibility of Agribank, a state-owned commercial bank with the mission of serving socio-economic development. Agribank does not simply implement the Resolution, but also considers accompanying the private economy as an inseparable part of the responsibility for national development.
With the spirit of “better every day”, Agribank continuously changes from thinking to action, from policy making to human resource training. Agribank is committed to continuing to invest in digitalization, applying modern technology to bring the best experience to customers, with the implementation of Agribank Digital operating as a miniature bank branch model, especially in rural areas. At the same time, Agribank will be steadfast in its sustainable development orientation, prioritizing ESG, supporting businesses to transform to a green business model, responsible to the community and the environment. Agribank continues to maintain the international credit rating results of Fitch Ratings, demonstrating its capacity and reputation in operations.
The road ahead is full of challenges, but with a solid foundation, determination and a spirit of constant innovation, Agribank affirms that it will continue to accompany the development of the Vietnamese private economy on the journey of integration and international reach, contributing to realizing the goal that by 2030, the private economy will truly become the main driving force of growth, contributing increasingly to the common prosperity of the country.
Source: https://nhandan.vn/agribank-gop-phan-dua-kinh-te-tu-nhan-tro-thanh-dong-luc-quan-trong-cua-nen-kinh-te-quoc-gia-post897040.html
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