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Agribank

State-owned Agribank to issue 394m worth of bonds to public

State-owned Agribank to issue $394m worth of bonds to public

Interested investors, both Vietnamese and foreigners, may register to purchase Agribank bonds from July 11 to August 14 at its headquarters or all transaction offices nationwide.
Big4 banks and SJC sell gold bars directly to customers today

Big4 banks and SJC sell gold bars directly to customers today

This strategic move aims to promote market stability and ensure a balanced gold market, rather than pursue profit motives.
Big 4 banks represent 41.9% of total credit, 50% of total deposits

Big 4 banks represent 41.9% of total credit, 50% of total deposits

According to the latest data from the State Bank of Vietnam (SBV), by December 31, 2023, credit increased by about 13.71 per cent compared to the end of 2022, not significantly lower than the 14.18 per cent increase of the previous...
2023 a fruitful year for large banks, mixed for others

2023 a fruitful year for large banks, mixed for others

Despite the economic downturn, large banks have announced excellent results for 2023 and met all the targets they set for themselves.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
Some sectors to benefit, some to suffer from Chinas reopening

Some sectors to benefit, some to suffer from China’s reopening

In a recent report, Agribank Securities Company (Agriseco) said Vietnamese businesses would benefit when China opens its doors and resumes flights between the two countries.
Finance ministry sets targets for banking system

Finance ministry sets targets for banking system

The MoF will coordinate with other ministries to set regulations on capital increases for State-owned credit institutions, especially the Bank for Agriculture and Rural Development of Vietnam (Agribank).
Thermal power companies face difficulties while hydropower benefits

Thermal power companies face difficulties while hydropower benefits

The risk of a coal shortage and high input material prices have affected thermal power businesses, while hyower enterprises are expected to benefit from the higher power selling prices compared to last year.
State-owned banks maintain top position in network coverage

State-owned banks maintain top position in network coverage

The group of State-owned banks have continued to maintain their leading position in terms of network coverage in the country’s banking industry.
Russia-Ukraine crisis hits local livestock industry

Russia-Ukraine crisis hits local livestock industry

Việt Nam’s livestock industry is likely to be hurt due to the increase in raw materials and animal feed prices since the Russia-Ukraine conflict began, the Agribank Securities JSC (Agriseco) has said.
Agribank and FWD Vietnam announce partnership

Agribank and FWD Vietnam announce partnership

The Vietnam Bank for Agriculture and Rural Development and FWD Vietnam Life Insurance Company Limited launched a new bancassurance partnership to better meet the financial and insurance needs of Vietnamese people, on January 12.
Agribank up 17 places in Brand Finance Banking 500

Agribank up 17 places in Brand Finance Banking 500

The Vietnam Bank for Agriculture and Rural Development (Agribank) jumped 17 spots to rank 173rd in the recently announced Brand Finance Banking 500 list for 2021, which featured the most valuable and strongest banking brands in the world.
Five banks give Da Nang 1.07m for COVID-19 fight

Five banks give Da Nang $1.07m for COVID-19 fight

Five banks have donated a total of VNĐ25 billion (US$1.07 million) for the fight against the new Covid-19 outbreak that began in Đà Nẵng city, according to the State Bank of Vietnam.
Govt to hike capital for State-owned banks in Q1 2020

Gov’t to hike capital for State-owned banks in Q1 2020

The Government has finally announced a detailed roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
Local banks get serious about recovering bad debts

Local banks get serious about recovering bad debts

In the last week of December Agribank became the 10th bank to complete the purchase of all bad debts it had previously sold to the Viet Nam Asset Management Company (VAMC).