State Bank of Vietnam reports on Agribank congress priorities including equitisation preparations and Basel III readiness

The State Bank of Vietnam published a report on Agribank’s 11th Party Congress for the 2025–2030 term in Hanoi on 1–2 August 2025, attended by Deputy Governor Doan Thai Son and Deputy Prime Minister Le Thanh Long. The update recaps Agribank’s restructuring and results in the 2020–2025 term and outlines next-term priorities around modernisation, digital transformation, green and inclusive finance, and stronger governance and risk management. Reported metrics include a state budget capital injection of VND 20.6 trillion that lifted charter capital to VND 51.667 trillion, total assets above VND 2,300 trillion as at 30 June 2025, lending above VND 1,850 trillion, deposits above VND 2,100 trillion and a non-performing loan ratio of 1.79% under the restructuring plan. Agribank also reported VND 3.8 trillion of interest waivers and reductions for more than 54,700 customers, around 95% of transactions executed via digital channels, and digital onboarding features including VNeID-based identification. The Deputy Prime Minister called for Agribank to prepare the conditions for equitisation under the Law on Management and Investment of State Capital at Enterprises and an expected government decree on restructuring state capital investment due in August 2025, while fully applying Basel II standards and preparing for Basel III and Environmental, Social and Governance requirements. The congress elected a 30-member party committee for 2025–2030 and re-elected To Huy Vu as party secretary.