Be persistent in achieving your goals.

The year 2025 is of special significance to the country. This is the year of acceleration, breakthrough, and finishing; the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025; implementing the revolution of streamlining the organizational apparatus, conducting Party Congresses at all levels towards the 14th National Congress of the Party. All to prepare and consolidate the fundamental factors, creating a premise for our country to confidently enter a new era - the era of striving to develop richly and prosperously for the nation, towards successfully implementing the goals of the 10-year Socio-Economic Development Strategy 2021-2030.

This year, the Vietnamese economy is forecast to continue to maintain positive growth momentum, but it will also face many difficulties and challenges. Uncertain factors in the international market; fluctuations in tariff policies from major economies; geopolitical tensions and internal problems that have lasted for many years are creating considerable pressure on macroeconomic management.

In that situation, on February 5, 2025, the Government issued Resolution No. 25/NQ-CP, which clearly defined the GDP growth target of 8% or more and required sectors, levels and localities to closely coordinate to ensure the set target. Next, in Resolution No. 77/NQ-CP dated April 10, 2025, the Government requested ministries, sectors and localities to prioritize promoting high growth in association with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy; proactively, flexibly, promptly and effectively responding to emerging issues with policies, and firmly pursuing growth targets.

Regarding the banking sector, the Government requested the State Bank of Vietnam to preside over and coordinate with agencies and localities to closely monitor the international and regional situation; changes and adjustments in policies of major economies to operate monetary policies proactively, flexibly, promptly and effectively; operate exchange rates in accordance with market conditions, be ready to intervene when necessary to stabilize the foreign exchange market; continue to direct credit institutions to implement more drastic and effective solutions to strive to reduce lending interest rates, create conditions for people and businesses to access loans at reasonable costs and low capital costs; direct credit to production and business sectors, priority sectors, and growth drivers; promote short-term lending to support businesses affected by US tariff policies; Research and develop a preferential credit package for people under 35 years old to buy houses, as well as a preferential credit package of about 500 trillion VND for businesses investing in infrastructure, digital technology, long-term loans...

Striving to accompany the economy, taking drastic actions

As one of the leading State-owned commercial banks, Agribank clearly identifies its responsibility in implementing the policies of the Party and the Government, contributing to realizing the aspiration of making Vietnam a developed and prosperous country. The spirit of innovation and the drastic implementation of solutions to promote effective and safe growth are key factors for Agribank to actively contribute to the country's socio-economic growth target in 2025.

Right from the beginning of the year, the Party Committee of Agribank issued Resolution No. 63-NQ/DU-NHNo on the tasks of work in 2025, which is also the basis for leading and directing the Party Committee and the entire system to deploy key tasks in 2025. At the same time, it is the basis for the Board of Members to issue Resolution No. 01/NQ-HDTV dated January 6, 2025 on targets, tasks and main solutions in 2025 and the General Director issued Document No. 1567/NHNo-KHCL dated January 24, 2025 on organizing the implementation of tasks and solutions in 2025.

Pursuant to Conclusion No. 123-KL/TW dated January 24, 2025 of the Party Central Committee and Resolution No. 25/NQ-CP of the Government, the Agribank Party Committee issued Action Program No. 42-CTr/DU dated March 4, 2025 to implement the Conclusion of the Party Central Committee on the Supplementary Project on socio-economic development in 2025 with the target of growth of 8% or more. This is the basis for guiding actions for the entire Party Committee and the basis for concretizing the content of the Conclusion into Agribank's operations, guiding actions for the Agribank Party Committee.

In 2025, Agribank is determined to fully complete the business targets assigned by the State Bank, the targets and objectives of the Restructuring Plan, the Resolution of the 10th Congress of Agribank Party Delegates, term 2020-2025 and the Agribank Development Strategy Project to 2025, with a vision to 2030.

It can be said that the above directives have created a synchronous foundation for the entire system to act in a unified, drastic and methodical manner right from the first months and quarters of the year. Right in the first quarter of 2025, the entire system promptly and drastically implemented synchronous solutions to promote safe and effective business activities. Agribank is continuing to provide a full range of credit products to all customers. At the same time, to support people and businesses in accessing credit capital, promoting economic growth according to the direction of the Government, the Prime Minister and the State Bank, Agribank has issued mechanisms and policies, and promptly implemented 10 preferential interest rate credit programs with a total scale of about 350,000 billion VND to increase credit growth right from the beginning of the year. In addition, the bank has always focused on customer development, drastically implementing many solutions to restructure operations such as: arranging the organization and network; bad debt handling and recovery; financial work; promoting digital transformation...

By March 31, 2025, Agribank's key business indicators had achieved positive results. Total outstanding loans to the economy reached nearly VND 1,780 trillion, with a breakthrough growth rate compared to the same period in recent years. Total bad debt on the balance sheet decreased by VND 1,107 billion (equivalent to 3.79%) compared to the beginning of the year; 69/162 branches reduced bad debt; debt collection after risk settlement also increased sharply compared to the same period in 2024. To achieve the above results, in addition to the role of close and flexible direction from the head office, many branches have changed their business thinking, proactively implemented solutions, effectively applied policies and products issued by the head office to promote business activities from the beginning of the year, no longer having a seasonal and passive mentality.

To ensure the progress of implementing the 2025 business targets assigned by the State Bank, the Party Committee, the Board of Members and the objectives of the Agribank restructuring plan associated with bad debt settlement in the period of 2021-2025, the General Director of Agribank requested units in the entire system to seriously implement the Program and tasks for each month and quarter; promote the strength of solidarity, the spirit of innovation and creativity, constantly strive, turn difficulties and challenges into breakthrough opportunities, high determination, great efforts, and drastic actions to successfully complete the plan targets. Successfully and effectively implement the Agribank restructuring plan associated with bad debt settlement in the period of 2021-2025; Resolution of the 10th Congress of Agribank Party Delegates, term 2020-2025 and the Agribank development strategy project to 2025, with a vision to 2030; preparing to implement the Resolution of the 11th Agribank Party Congress, term 2025-2030, creating a premise for sustainable development, double-digit growth in the period 2026-2030, bringing the country into a new era - the era of prosperity and development of the nation.

The active and synchronous participation from the Head Office to the branches is an important premise for Agribank to continue to overcome all difficulties and challenges, strive to achieve and exceed important targets set in 2025, and together with the banking industry, make many contributions to the sustainable development of the country.

Source: https://thoibaonganhang.vn/agribank-doi-moi-sang-tao-tang-toc-dot-pha-163178.html