Agribank: leading Vietnam's rural credit market

摘要

Vietnam Bank for Agricultural and Rural Development (Agribank) is the only 100% state-owned commercial bank in Vietnam. Throughout its development, Agribank has always been the largest bank in Vietnam in terms of total assets, operating network and customer base. The bank's market share includes 16% of the total funding sources and outstanding loans that make up Vietnam's banking system as a whole. In 2015, Agribank possessed total assets of VND 762 trillion (USD 36 billion), a broad operating network of 2252 branches and transaction offices across the country (covering 63 provinces & cities) and nearly 40,000 staff. Agribank's customers include 10 million households, individuals and 30,000 enterprises. Agribank has played a vitally important role in the development of the country's economy in general and particularly in the agricultural sector and rural areas of Vietnam - a country in which 70% of the workforce is employed in the agricultural sector and 80% of the population lives in rural areas. The agricultural sector contributes to about 22% of the country's GDP and makes up 30% of its export turnover. Over almost 30 years of development, Agribank has been consistently pursuing its investment focus and upholding its key and leading position as a financial institution providing credit and financial services primarily to Vietnam's agricultural and rural areas. Agribank's market share of total loans to the agricultural sector and rural areas of the country account for around 80%.