The State Bank of Vietnam (SBV) published a report on Deputy Governor Pham Quang Dung’s New Year visit to Vietnam Bank for Agriculture and Rural Development (Agribank), in which he reviewed the SBV’s 2024 monetary policy management and set expectations for the banking system’s 2025 work programme. The Deputy Governor called on Agribank to execute Government and SBV directions for 2025 and to deliver its restructuring plan linked to non-performing loan handling for 2021–2025. In the meeting, the Deputy Governor highlighted flexible monetary policy management aimed at controlling inflation and supporting macroeconomic stability, alongside sector initiatives on digital transformation, information security and administrative reform. He also asked Agribank to maintain its role in supporting agriculture, farmers and rural areas, meet objectives under Government Resolution No. 01/NQ-CP and SBV Directive No. 01, and implement the eight priority tasks for the banking sector referenced by the Prime Minister. Agribank’s Chief Executive Officer Pham Toan Vuong reported 2024 results including total assets of VND 2.2 quadrillion (up nearly 10%), funding of more than VND 2 quadrillion (up 7.6%) and outstanding loans of more than VND 1.7 quadrillion (up 11%), with 65% of lending directed to “Tam nông”. He also cited seven policy credit programmes and 17 preferential lending programmes with a combined scale of VND 457 trillion, alongside loan rate reductions and public disclosure of lending rates in line with SBV direction.

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