The State Bank of Vietnam published an update from Standing Deputy Governor Dao Minh Tu’s remarks at Agribank’s 2024 business review and 2025 work programme conference, noting that the fully state-owned lender met all targets assigned by the central bank and setting out operational priorities for 2025 as the final year of the 2021–2025 restructuring and non-performing loan resolution plan. Agribank reported total assets above VND 2.2 quadrillion, deposits above VND 2 quadrillion and credit outstanding above VND 1.7 quadrillion, with pre-tax profit above VND 27 trillion and non-performing loans at 1.52%. Credit grew 11% in 2024, with over 60% of lending in agriculture and rural areas, and the bank implemented preferential credit programmes totalling more than VND 457 trillion at interest rates 2–3 percentage points below standard loans; storm No. 3 relief included 0.5–2 percentage point rate cuts on existing loans and waiver or reduction of overdue and late-payment interest from 6 September 2024 to 31 December 2024. The SBV official instructed Agribank to keep credit growth safe and targeted at priority sectors, expand green credit, and continue delivery of policy programmes including social housing lending, the VND 60 trillion forestry and fisheries credit package, and the one million-hectare high-quality low-emission rice initiative, alongside accelerating digital transformation, strengthening cybersecurity and internal controls, and managing operational continuity during public-sector organisational streamlining. Agribank was also asked to finalise its 2025 business and financial plans in line with Government Resolution 01 and SBV Governor Directives 01 and 02 that are set to be issued.

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