Vietnam Bank For Agriculture and Rural Development

Vietnam Bank for Agriculture and Rural Development (Agribank) was established under Decree No. 53-HDBT dated March 26, 1988 of the Council of Ministers (now the Government). Through each development period with names associated with different missions, throughout 31 years of development, Agribank has always affirmed its position and role as one of the leading commercial banks in Vietnam, taking the lead in implementing monetary policies, contributing to macroeconomic stability, curbing inflation, supporting growth, accompanying the development of agriculture and rural areas, with magnitude of contributions to promoting the process of restructuring the economy, building new rural areas, and ensuring social security.
As one of the state-owned commercial banks playing a key role in the banking system, Agribank always promotes the pioneering and exemplary role of a State-owned commercial bank in leading the system of credit institutions to strictly and effectively implement the national monetary policy and policies of the Party and the State on monetary and banking issues, especially credit policies for agricultural and rural development. Agribank is effectively implementing seven policy credit programs (lending under credit policies for agricultural and rural development lending to households and individuals through loan/affiliate groups lending under the support policy to assist in reducing agricultural losses Lending for cattle and poultry farming lending for coffee replanting lending under fisheries development policies Preferential credit for "Clean agriculture") and two National Target Programs (New Rural Construction, Sustainable Poverty Reduction).