With the position of a leading commercial bank, of great importance in the system with sustainable growth in scale and operational efficiency, Agribank continues to affirm for 8 consecutive years as the number one bank in the Vietnamese commercial banking system and is in the TOP 10 largest enterprises in Vietnam in the ranking of 500 largest enterprises in Vietnam in 2024.
Agribank - TOP10 Largest Enterprises in Vietnam in 2024 - Photo: VGP/HT
In 2024, although business activities faced many difficulties and challenges in the general context of the economy, closely following the direction of the Government and the State Bank, the entire Agribank system united and made efforts to overcome difficulties, comprehensively completing the assigned business plan, achieving the highest results after 4 years of implementing the Agribank restructuring plan associated with bad debt settlement in the period 2021-2025. By the end of 2024, Agribank's total assets reached over VND 2.2 million billion (up nearly 10%); capital reached over VND 2 million billion (up 7.6%); Outstanding loans reached over VND 1.72 million billion (up 11%); The bad debt ratio was controlled at a low level; Pre-tax profit increased by over 8%; Ensuring the lives and incomes of employees; Fulfilling obligations to the State budget (in the period of 2021-2024, the State budget payment reached over 45 trillion VND, of which in 2024 alone it is expected to pay over 15 trillion VND); Agribank's brand reputation continues to be affirmed and enhanced.
In 2024, Agribank ranked 5th and was honored for the 8th consecutive year in the TOP 10 Largest Enterprises in Vietnam from 2016 to present.
The ranking of 500 largest enterprises in Vietnam recognizes large-scale enterprises that maintain effective and stable production and business activities, have prestige, and are ranked based on the results of independent research and evaluation by Vietnam Report and VietNamNet Newspaper, combined with analysis on criteria of actual revenue of the enterprise, total assets, total labor, profit after tax and other indicators such as: profitability index ROA, ROE, media reputation of the enterprise... In 2024, Agribank ranked 5th and was honored for the 8th consecutive year in the TOP 10 largest enterprises in Vietnam from 2016 to present. This result affirms the solid position of Agribank - the leading State-owned commercial bank operating effectively, growing sustainably, making many important contributions to the socio-economic development of the country, especially in the fields of agriculture, farmers and rural areas. This is also a result recognizing the continuous efforts and striving of the entire system to successfully complete the set targets and tasks for 2024. Agribank is always a pioneer and a key player in investing in the country's socio-economic development, especially investing in the development of "Tam Nong". Agribank's capital accounts for the largest proportion of the market share of agricultural and rural credit in Vietnam. Agribank continues to be the largest bank in Vietnam in terms of capital mobilization market share and the second largest in terms of total assets. In the coming years, the bank will focus resources on modernizing the information technology system, applying scientific and technological achievements, building a modern and integrated bank, towards digital banking, retail banking; transforming into a joint stock commercial bank, managing and operating in accordance with international practices; striving to be in the Top 100 largest banks in Asia in terms of asset size; operating safely and effectively; maintaining its leading position in the agricultural and rural financial market. In addition to business activities, Agribank is also one of the leading enterprises in social security work; always aiming for humane values for a harmonious and even development of Vietnam, leaving no one behind. Every year, Agribank spends hundreds of billions of VND on hunger eradication, poverty reduction, building schools, medical stations, charity houses, overcoming the consequences of natural disasters, preventing epidemics, and protecting the environment. In 2024 alone, Agribank will spend nearly 700 billion VND on social security activities nationwide.| After nearly 37 years of construction and development, Agribank has been awarded many noble awards by the Party, the State and the Banking industry: Hero of Labor in the renovation period, Second-class Independence Medal, First-class Labor Medal, Certificate of Merit from the Prime Minister, Certificate of Merit from the Governor of the State Bank for achievements in administrative reform and achievements in digital transformation of the Banking industry, TOP10 largest tax-paying enterprises and the second largest corporate income tax-paying bank in Vietnam... Domestic and international organizations have honored Agribank with many prestigious titles: Moody's rated Agribank's credit rating at "Ba2", Fitch Ratings rated it at "BB+", Stable outlook, equivalent to national credit rating, National Quality Award, Vietnam National Brand, Strong Vietnamese Brand, Outstanding Vietnamese Bank, Vietnam Gold Star Award, Sao Khue Award, Enterprise meeting Vietnamese Business Culture standards... |
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