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Monday, 23/6/2025 | 10:31 GMT+7

Agribank honored with 'Vietnam Glory 2025' award

Agribank, the sole representative of the banking sector, has been honored at the "Vietnam Glory 2025" program for its outstanding contributions to the "three rural areas" development.

The "Vietnam Glory" program, organized by the Vietnam General Confederation of Labor on 22/6 in Hanoi, is an annual event honoring groups and individuals with outstanding achievements in patriotic emulation movements, contributing to the construction and defense of the nation. This year's event, themed "Pride and Aspiration," recognized 19 exemplary heroes and models, including 13 groups and 6 individuals.

Nguyen Trong Nghia, Politburo member, Secretary of the Party Central Committee, Head of the Central Commission for Propaganda and Education, speaks at the event. Photo: Agribank

Nguyen Trong Nghia, Politburo member, Secretary of the Party Central Committee, Head of the Central Commission for Propaganda and Education, speaks at the event. Photo: Agribank

Speaking at the program, Nguyen Trong Nghia, Politburo member, Secretary of the Party Central Committee, and Head of the Central Commission for Propaganda and Education, praised the contributions of the individuals and groups to the community.

"These are the most authentic and vivid embodiments of revolutionary heroism in the new era; of the indomitable Vietnamese spirit, the resilient will in the face of hardship and challenges; a vivid testament to the aspiration to rise, to the spirit of 'each person for everyone' that always flows within every Vietnamese citizen," Nguyen Trong Nghia emphasized.

An Agribank representative said that being honored at the "Vietnam Glory 2025" program is recognition of the bank's 37-year journey of steadfastly fulfilling its mission of serving the development of agriculture, rural areas, and farmers – the core foundation and strategic pillar of Vietnam's economy.

Agribank representatives receive the award. Photo: Agribank

Agribank representatives receive the award. Photo: Agribank

As a 100% state-owned commercial bank, Agribank has both fulfilled its policy implementation role and maintained business efficiency. In doing so, the bank has implemented many groundbreaking models: lending to farmer households, joint liability groups, mobile banking, agricultural product chains, clean and high-tech agriculture. Agribank also proposed the establishment of the Bank for the Poor, the predecessor of the current Vietnam Bank for Social Policies.

To date, the bank has operated over 64,000 joint liability groups and nearly 4,000 mobile banking transactions using specialized vehicles, serving tens of thousands of customers in remote and isolated areas.

Agribank is currently effectively implementing seven policy credit programs and three national target programs on new rural development, poverty reduction, and development of ethnic minority and mountainous areas. With a market share of agricultural and rural credit accounting for about one-third of the entire industry, the bank plays a vital role in channeling capital for agricultural production, contributing to ensuring food security, stabilizing the macro-economy, and promoting sustainable development.

In addition, the bank is also a pioneer in integrating "green finance" into agricultural development, supporting circular production models and reducing emissions, contributing to realizing Vietnam's commitment to net-zero emissions by 2050.

From 2021 to 2024, Agribank contributed over 43,000 billion VND to the State budget, with over 15,000 billion VND in 2024 alone. The bank has been consistently ranked among the top 10 largest taxpayers in Vietnam for many years.

Alongside business activities, Agribank allocates around 500-700 billion VND annually for social security programs. In 2024 alone, the bank spent nearly 700 billion VND on housing projects, schools, medical stations, and activities related to disaster relief and environmental protection, contributing to improving the living conditions of tens of thousands of people across the country.

For its outstanding contributions, Agribank has been awarded numerous prestigious titles: the title of Labor Hero in the Renovation period (2003), the Second-class Independence Order (2008), the First-class Labor Order (2018, 2023), National Brand, Top 10 largest banks in Vietnam, and Top 50 largest enterprises in Southeast Asia. The bank is currently rated Ba2 by Moody's and BB+ by Fitch Ratings, with a stable outlook, equivalent to the national credit rating and the highest in the Vietnamese banking system.

Minh Ngoc

By VnExpress: https://vnexpress.net/agribank-nhan-giai-vinh-quang-viet-nam-2025-4904998.html
Tags: bank Vietnam Glory Agribank

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