In the hope of making contributions to the growth of a clean and high-value agricultural sector, the Vietnam Bank for Agriculture and Rural Development (Agribank) has taken an active role in providing capital, consultations and other support to farmers in promoting technology. This move is seen as crucial for the sector to develop in a sustainable and effective direction.
Credit rating agency Moody’s has upgraded the long-term local and foreign currency deposit and issuer ratings of the Vietnam Bank for Agriculture and Rural Development (Agribank) to Ba2 from Ba3, and changed the outlook to stable.
Sixteen commercial banks cut over 21.24 trillion VND (936 million USD) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 percent, the State Bank of Vietnam (SBV) reported on February 9.
The Vietnam Bank for Agriculture and Rural Development (Agribank) jumped 17 spots to rank 173rd in the recently announced Brand Finance Banking 500 list for 2021, which featured the most valuable and strongest banking brands in the world.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
The Vietnam Bank for Agriculture and Rural Development (Agribank) – Vinh Phuc II branch handed over 130 body temperature equipment products worth 200 million VND (8,600 USD) to schools in Phuc Yen city, the northern province of Vinh Phuc on March 18.
The Vietnam Bank for Agriculture and Rural Development (Agribank) on February 21 handed over 800 million VND (about 34,400 USD) to the Vinh Phuc provincial chapter of Vietnam Fatherland Front in support of the fight against novel coronavirus disease (COVID-19) outbreak in the locality.
The capital amounts may be small to many urban families but thanks to them, those in rural and ethnic minority areas have escaped poverty and enriched themselves.
The Vietnam Bank for Agriculture and Rural Development (Agribank) conducted over 3,600 mobile transactions using single-purpose cars as of the late February 2019, serving more than 376,000 customers in 389 communes nationwide.
Asian countries, including China, Singapore, the Republic of Korea, Japan, India and Thailand, are the largest market for import-export payment services of the Vietnam Bank for Agriculture and Rural Development (Agribank).
Capital limitations hinder banks from meeting regulations on capital adequacy ratio (CAR) and performing their business due to a series of other regulations.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to spend 40 billion VND (1.72 million USD) on its annual programme supporting the poor people on the occasion of the traditional Lunar New Year (Tet) holidays.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it is likely to reach the highest-ever profit growth rate by the end of the year.
Deputy General Director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a Japanese agricultural machinery manufacturer.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has so far provided more than 5.1 trillion VND (219.3 million USD) in soft loans for hi-tech agricultural projects across Vietnam.
The Vietnam Bank for Agriculture and Rural Development (Agribank)’s branch in Quang Ngai has funded 5 billion VND (219,750 USD) for the central coastal province to upgrade the Ly Son kindergarten.
Prime Minister Nguyen Xuan Phuc on March 26 asked the Vietnam Bank for Agriculture and Rural Development (Agribank) to strive to become one of the leading commercial banks in the region.
The Vietnam Bank for Agriculture and Rural Development (Agribank)’s branch in central Thua Thien-Hue province has agreed to provide funds worth 1 billion VND (44,000 USD) for the 10th Hue Festival.
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