Agribank honoured with Labour Order

The Vietnam Bank for Agriculture and Rural Development (Agribank) held a ceremony on March 24 to celebrate the 35th anniversary of its foundation and receive the Labour Order, first class.
Vice President Vo Thi Anh Xuan presents the Labour Order to Agribank.
Vice President Vo Thi Anh Xuan presents the Labour Order to Agribank.

The lender was officially established as the Vietnam Bank for Agricultural Development on March 26, 1988, to provide credit and banking services for agriculture and socio-economic development in rural areas.

The bank changed to its current name in 1996 as it became a multi-business commercial lender, though its main mission remains supporting farmers and rural development.

Today, Agribank is the largest and has the widest network of all credit institutions in Vietnam, with over 40,000 staff working at 2,300 branches and offices throughout the country.

Over the past 35 years, Agribank has implemented the national monetary policy effectively, helping to ensure macroeconomic stability and promote growth.

The lender is also active in social security projects, providing up to 500 billion VND (over 21 million USD) each year to support the construction of schools, healthcare facilities, houses, and deal with the consequences of natural disasters and epidemics.

At the ceremony, Vice President Vo Thi Anh Xuan presented the first-class Labour Order to Agribank for its outstanding performance in helping to enhance the standards of living in rural areas and realise the national target on poverty reduction.

In the meantime, Governor of the State Bank of Vietnam Nguyen Thi Hong praised the lender for its proud achievements in the past 35 years and urged Agribank to continue promoting its role as one of the top commercial banks in Vietnam, especially in providing funds for agriculture and rural development.