Agribank boosts sustainable finance, reduces bad debt to stabilize Vietnam's financial system

Notably, the contributions of financial institutions in resolving production difficulties, improving the investment environment, and ensuring social welfare are undeniable.

Contributing to this overall stability, Agribank consistently affirms its role as a key state-owned commercial bank and a financial pillar of the economy through sustainable directions and strategies.

Stable financial system, economic revival

In accordance with Decision No. 15/QD-NHNN dated January 6, the State Bank of Vietnam (SBV) organised and completed a financial system risk survey for the first half of 2026. The survey was conducted under the provisions of the Statistics Law dated December 23, 2015, and Circular No. 26/2018/TT-NHNN dated November 16, 2018, of the SBV on monetary, banking, and foreign exchange statistical surveys outside the national statistical survey program.

Based on the synthesis and analysis of information collected from survey subjects, the results indicate that the stability outlook of Vietnam's financial system in the near future is assessed as normal by the majority of respondents. This result reflects the general perception that the financial system remains stable. However, in reality, there are still some potential risks that need to be continuously monitored and closely evaluated.

Regarding the policy orientation and recommendations from survey respondents, the State Bank stated that the recommendations primarily focus on maintaining macroeconomic stability, enhancing credit risk supervision, and strengthening the financial capacity of financial institutions.

Agribank plays a role as one of the core banks of the system. (Source: Agribank)

Recently, Resolution No. 89/NQ-CP dated April 5, 2026, from the regular Government meeting in March 2026 and the Government Conference with localities also emphasised the steadfast goal of maintaining macroeconomic stability and mobilising resources for development.

According to Resolution 89, Vietnam is steadfast in its goal of maintaining macroeconomic stability, controlling inflation, ensuring macroeconomic balance, and promoting rapid and sustainable growth. Notably, monetary policy management is proactive, flexible, timely, effective, and closely coordinated with fiscal policy and other macroeconomic policies.

A statistic from the Ministry of Finance shows that the macroeconomy is flourishing, with GDP growth reaching 7.83%, significantly higher than the same period last year. The revival is evenly spread across all three economic sectors, especially in 23 localities with growth rates above 8%.

State budget revenue achieved positive results with 829.4 trillion VND, nearly 33% of the annual estimate. Domestic revenue grew by 12.5%.

Vietnam also continues to affirm its strong attraction to international capital flows, with registered FDI reaching 15.2 billion USD, a remarkable 43% increase.

Agribank with sustainable credit flow and risk, a bad debt control journey

In 2025, despite numerous challenges globally and in Vietnam, the credit institutions system in Vietnam continued to make outstanding efforts, achieving notable results. For Agribank, it has demonstrated its pioneering and core role in the system, serving as a vivid testament to the state economy's role in guiding, regulating, and stabilising the macroeconomy.

By the end of 2025, Agribank's total assets reached over 2.6 trillion VND, with capital exceeding 2.3 trillion VND, and total loans to the economy nearly 2 trillion VND. It can be said that Agribank's credit flow always aims to promote sustainable economic development and social welfare.

Specifically, the bank has provided loans for social housing purchase programs for young people under 35, as well as for customers affected by Typhoon No. 10 (Bualoi), Typhoon No. 11 (Matmo), and post-storm floods...

Notably, from the early days of 2026, Agribank has signed credit contracts to finance large-scale projects such as the Investment Project for the Construction of Ring Road 4 - Hanoi Capital Region (Agribank acts as the lead bank arranging capital); the Investment Project for Infrastructure Development of Tien Lang Airport Industrial Park - Zone B in Hai Phong; Component Project 1 - Power Plant under the LNG Quang Trach II Thermal Power Plant Project...

All these projects are assessed as serving key economic sectors. They will contribute to promoting macroeconomic development in line with the Sustainable Development Goals.

By the end of 2025, Agribank's new rural construction loan program had outstanding loans of about 746 trillion VND and nearly 2 million customers.

Agribank develops loan programs to support people in agricultural development and new rural construction. (Source: Agribank)

Besides promoting capital sources for sustainable development, Agribank also makes its mark through its control of bad debt and its determination to manage it. In the important business targets for 2026 just announced, Agribank aims to control the bad debt ratio under Circular 31/2024/TT-NHNN below 1.5%. The ratio of group 2 debt is below 1.5%, and the ratio of potentially irrecoverable debt is below 1.3%.

It should also be noted that, following the restructuring phase associated with bad-debt handling, Agribank has recorded significant improvements in asset quality. By the end of 2025, Agribank's on-balance-sheet bad debt ratio decreased to 1.14%, while the bad debt ratio according to the restructuring plan was about 1.2%. This is the lowest level in 13 years since Agribank implemented the restructuring plan in early 2013.

At the 2025 business activity summary conference to implement tasks for 2026, Deputy Governor of the SBV Pham Tien Dung affirmed that Agribank is one of the core banks of the system.

The achievements in 2025 and the targets set by Agribank for 2026, with 10 tasks, 10 solutions, and 10 targets, are considered very impressive.

Therefore, the Deputy Governor suggested that Agribank focus on several major orientations: continuing to promote its role as a key bank in implementing the Party's and State's guidelines and policies; contributing to high economic growth; aiming for double-digit targets; and absolutely not being complacent about bad debt.

Deputy Governor Pham Tien Dung also suggested that Agribank continue to play a pioneering role in social welfare, comprehensive finance and in linking banking activities with supporting the disadvantaged and developing the agricultural and rural sectors.

With 38 years of development, Agribank has consistently played a "locomotive" role in credit activities supporting sustainable development goals. From loan packages associated with the mission of developing "tam nong", to "major projects" in key sectors, credit packages aimed at social welfare, and efforts to control bad debt, Agribank has shown its partnership with the Government in stabilising the macroeconomy and the financial system.

Through this, Agribank also demonstrates its leadership's strategic vision and acumen in the new era.

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