Agribank accompanies the private economy - Part 1: Promoting capital flow, unlocking potential

Investment ratio accounts for about 80% of total outstanding debt.

As 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.

In particular, Resolution No. 68-NQ/TW emphasized that developing a fast, sustainable, effective and high-quality private economy is both a central and urgent task and a long-term strategic one; it needs to be specified in the country's development strategies and policies; in order to promote all potentials and strengths, liberate all productive forces, activate, mobilize and effectively use all resources, especially resources among the people, for socio-economic development, consolidate and strengthen national defense and security, enhance foreign affairs and international integration.

Agribank is increasingly aware of its role and mission and always devotes resources to supporting the private economy, especially small and medium enterprises. This can be clearly seen through the proportion of credit capital invested in the private economic sector of Agribank, which always accounts 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% in the past 5 years.

Agribank Ha Tinh officials visit and check the use of loans by fishermen. Photo: Duc Kien

In addition, Agribank has implemented many practical solutions that are highly effective in supporting the private economy in general and small and medium-sized enterprises (SMEs) in particular. These solutions are built on a deep understanding of business needs, especially the characteristics of the agricultural and rural areas.

In 2024, the bank launched 20 preferential credit programs, most of which targeted customers in the private economic sector. Since the beginning of 2025, Agribank has launched 9 preferential credit programs for many target groups, focusing mainly on key areas such as import and export, production and business, small and medium enterprises; expanding consumer lending and supporting business households...

Specifically, Agribank has implemented a preferential credit program for small and medium-sized enterprise customers in 2024 with a scale of up to VND 70,000 billion (increased from VND 50,000 billion from October 22, 2024). Enterprises participating in this program enjoy preferential interest rates lower than the normal lending interest rate floor by up to 1.5%/year.

At the same time, Agribank also has many programs for private economic households, including import-export enterprises, consumer production and business with interest rates 1-2% lower than normal loans. These flexible credit packages not only have attractive interest rates but also shorten the credit approval process, simplify application procedures, and help businesses access capital quickly.

In particular, Agribank is also the pioneer bank to allocate VND50,000 billion to implement a loan program to encourage the development of high-tech agriculture and clean agriculture, reducing loan interest rates from 0.5%/year to 1.5%/year for customers participating in the agricultural production chain.

Prioritize digital transformation

Digital transformation and smart finance are top priorities of Agribank. The entire system has been implementing digital transformation with a consistent orientation: "Taking customers as the center".

For example, 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... Or, the Agribank Plus application was launched 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; at the same time promoting cashless payments in rural areas, helping business households and small businesses easily transact and make cash flow transparent.

In particular, at the event Digital Transformation of the Banking Industry 2025 with the theme "Smart Digital Ecosystem in the New Era" held at the end of May 2025, Agribank attracted attention and received high appreciation from experts and industry leaders with its presentation "Social security payments via bank accounts/cards" and the results contributed to the community: Issuing 12 million cards; opening 9 million accounts in rural and mountainous areas; making payments to 500,000 beneficiaries and disbursing 210,000 billion VND through the insurance channel. These figures show a solid step forward in applying digital technology to improve the efficiency and transparency of Agribank's social security programs.

It can be seen that this result not only demonstrates strong investment in technology but also shows Agribank's deep social responsibility in accompanying the Government in implementing social security policies.

Agribank also demonstrated its long-term commitment to continuing to promote digital transformation, aiming for deep integration with the national electronic identification system (VNeID); moving towards a paperless payment model, contributing to the humanization of financial services, especially for people in remote areas, who still have many difficulties in accessing traditional banking services.

Source: https://daibieunhandan.vn/agribank-dong-hanh-cung-kinh-te-tu-nhan-bai-1-day-manh-dong-von-khoi-thong-tiem-luc-10383231.html