Established in March 26th, 1988, having operated under the Law on Vietnam’s Credit Organizations, Vietnam Bank for Agriculture and Rural Development (AGRIBANK) has been a leading commercial bank to play a decisive and important role in capital investment in developing the agricultural and rural economy as well as other fields of Vietnam’s economy.

AGRIBANK is the largest bank in Vietnam in terms of capital, assets, staff, operating network and number of clients. In March, 2007, its leading status has been affirmed by the total capital of VND 267,000 billion, equity of VND 15,000 billion and total assets of nearly VND 239 thousand billion, the bad debt of 1.9% as international standard, 2,200 branches nation-wide with 30,000 staff.

AGRIBANK always pays much attention to the renovation and application of banking technology in a bid to serve the business management and develop the advanced banking service network. It is also the first bank to complete phase I of the project on modernizing the Intra-bank Payment and Customer Accounting System (IPCAS) sponsored by the World Bank, and is actively conducting phase II. At present, it has connected computer network from the Head quarter to almost all branches nationwide and provided a system of banking services including e-telegraphic transfer, international credit card, ATM, international payment by SWIFT. To date, AGRIBANK has been sufficient to provide modern and advanced banking services and products which are comfortable to all domestic and foreign customers.

AGRIBANK is one of the banks that has the largest correspondent bank relationship in Vietnam with more than 979 correspondent banks in 113 nations and territories as of February, 2007, is a member of Asian Pacific Rural and Agricultural Credit Association (APRACA), Confederation of International Credit for Agriculture (CICA) and Asian Bankers Association (ABA); has hosted several major international conferences such as FAO conference in 1991, APRACA conference 1996, 2004, 2008, CICA conference 2001, APRACA conference on fisheries 2002.

AGRIBANK is the first bank in Vietnam to receive and develop foreign projects, esp. those of WB, ADB, AFD. In the end of Feb, 2007, 103 projects with total capital of USD 3,6 billion. Agribank had been received USD 2,7 billion and properly disbursed USD 1,1 billion.

Standing as the leading commercial bank in Vietnam, AGRIBANK has done its best to get many encouraging achievements and made a considerable contribution to the industrialization, modernization and development of the national economy.