Agribank

What Agribank does

Agribank (Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam / Vietnam Bank for Agriculture and Rural Development) is a wholly state-owned commercial bank headquartered in Hanoi and founded in 1988. It is one of Vietnam's Big Four state-owned banks — alongside Vietcombank, VietinBank, and BIDV — which together control approximately 50% of the country's total system deposits. The bank holds a statutory mandate to finance agricultural and rural development and serves as the primary distribution channel for government-coordinated credit programs, including a $20 billion preferential package for science, innovation, and strategic infrastructure and a $4 billion agriculture-focused credit scheme. Agribank reports a workforce of more than 10,000 employees and operates an extensive nationwide branch and ATM network supplemented by mobile transaction points (specialized vehicles) that extend services to remote rural areas.

The product portfolio spans universal banking: deposit accounts (current, savings, term deposits at fixed and floating rates), credit and loan products (agricultural, mortgage, business financing), card services, domestic and international payment and transfer services, insurance distribution, foreign exchange, bank guarantees, and priority banking. Digital delivery is anchored by the Agribank Plus mobile banking application, which runs on iOS and Android and is integrated with VNPAY as its payment gateway partner. The bank segments customers into retail, corporate, and financial institution cohorts, with a smaller dedicated cohort for green and sustainable finance customers (42,883 reported in the bank's sustainability disclosures). A notable recent addition is climate finance lending capacity, enabled by a 2026 credit facility with the French Development Agency (AFD) that provides medium- and long-term foreign funding without a government guarantee for renewable energy, sustainable agriculture, and climate adaptation projects.

Agribank generates revenue through traditional commercial banking mechanics: net interest income from deposit and lending spreads, supplemented by fee and commission income from transactions, card services, international transfers, and insurance distribution. Pricing is administered rather than market-set — deposit and lending rates are set under State Bank of Vietnam directives, with 24-month deposit rates cut by 0.5 percentage points in 2025 and average lending rates at 6.38% as of August 2025. Go-to-market is a hybrid of enterprise field sales (priority banking, corporate accounts, government credit distribution) and self-serve digital onboarding (Agribank Plus), with a physical branch footprint providing nationwide reach. The bank has no public listing, no external shareholders, and no disclosed private capital; all funding and policy direction flow from the Government of Vietnam as parent owner.

Name

Agribank

Legal name

Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam

Website

https://agribank.com.vn

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Agribank is a wholly state-owned Vietnamese commercial bank and one of the Big Four, providing universal banking services with a statutory mandate for agricultural and rural development finance. It serves retail, corporate, and institutional customers through a nationwide branch network, the Agribank Plus digital platform, and government credit programs.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Agricultural banking
• Rural development finance
• Commercial banking services
• Retail banking
• Digital banking

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Traditional commercial banking revenue from interest rate spreads on deposits and lending activities to retail, corporate, and agricultural sector customers
2. Fee-based Services: Transaction fees, service charges, and commissions from payment services, card services, international transfers, and insurance distribution

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Agribank is a state-owned commercial bank providing a full range of banking services including deposit accounts, credit and loan products, debit and credit cards, payment and transfer services, insurance distribution, foreign exchange, and bank guarantees. The bank operates a digital banking platform through the Agribank Plus mobile application and serves retail customers, corporate clients, financial institutions, and government-coordinated credit programs targeting agricultural and rural development in Vietnam.

Product overview

Agribank (Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam) is Vietnam's largest state-owned commercial bank specializing in agricultural and rural development finance. The bank operates as a universal bank with a multi-brand digital banking architecture comprising Agribank Plus (mobile/online banking), Agribank Retail (individual customers), and Agribank Corporate (business customers). The core product portfolio includes deposit accounts (current, savings, and term deposits with fixed/floating rates), credit/loan products (agricultural loans, business financing, priority sector credits), card services (debit/credit cards), payment and transfer services (domestic and international), and insurance distribution. The bank also provides foreign exchange services, bank guarantees, treasury management, and mobile transaction points to extend services to remote areas. The digital banking platform is supported through the VNPAY payment gateway partnership. Agribank has deployed a record $20 billion preferential credit package and $4 billion agriculture-focused credit scheme for priority sectors and digital transformation initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Agribank Plus: Digital banking app for individual customers
• Agribank Retail
• Agribank Corporate

Products and services

• Agribank Plus

Quantifiable outcome

• 42,883 customers served in green operations sector
• +2 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Vietcombank, VietinBank, BIDVcoreStrategic or Co-development PartnerVietnam's four largest state-owned banks (Vietcombank, VietinBank, Agribank, and BIDV) collectively account for ~50% of total system deposits and have coordinated on deposit rate cuts and government credit programs totaling over $24 billion.
• Nestlé VietnamminorStrategic or Co-development PartnerBoth Nestlé Vietnam and Agribank are actively engaging with Vietnam's green growth agenda, with the bank providing financial support for sustainable business initiatives under government Decree No.35/2026/NĐ-CP.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BIDV: Joint Stock Commercial Bank for Investment and Development of Vietnam—the fourth member of the Big Four state-owned banks. Comparable universal banking scope, state ownership, and shared exposure to government-coordinated lending programs make BIDV Agribank's most direct system-level peer.
• Vietcombank: Joint Stock Commercial Bank for Foreign Trade of Vietnam—one of the Big Four state-owned commercial banks in Vietnam alongside Agribank. Offers a comparable universal banking suite (deposits, credit, cards, FX) under similar SBV supervision, making it the closest direct competitor for retail and corporate wallet share.
• VietinBank: Vietnam Joint Stock Commercial Bank for Industry and Trade—another Big Four state-owned bank. Operates a similar full-service retail and corporate franchise, participates in the same coordinated government credit packages, and competes head-on with Agribank for state-directed and commercial mandates.
• MB Bank (Military Commercial Joint Stock Bank): One of Vietnam's largest joint-stock commercial banks with a wide retail and corporate footprint. Competes with Agribank across mass-market deposits, lending, and increasingly digital-led banking channels.
• Asia Commercial Bank (ACB): Major private Vietnamese joint-stock commercial bank with a strong retail and SME franchise. Overlaps with Agribank in deposit gathering, SME lending, and card services within Vietnam's domestic market.
• VPBank: Vietnam Prosperity Bank—a leading private-sector joint-stock commercial bank with broad retail, SME, and consumer finance offerings. Directly competes with Agribank in retail deposits, consumer credit, and card services across Vietnam.
• Techcombank: One of Vietnam's largest privately held joint-stock commercial banks. Strong in retail, cards, and digital banking, Techcombank competes directly with Agribank for urban and SME customers where it leads on customer experience and product innovation.
• Sacombank: One of Vietnam's largest joint-stock commercial banks with a multi-segment retail and corporate offering. Competes directly with Agribank for customers, deposits, and trade finance across Vietnam.

Regional players

• Land Bank of the Philippines: Philippine state-owned universal bank with a statutory mandate for agricultural and rural development financing, including support for farmers, fishers, and SMEs. Highly comparable to Agribank in mandate, state ownership, and agricultural/rural credit focus, but operating in the Philippines rather than Vietnam.

Broad incumbents

• Rabobank: Dutch global cooperative bank with the world's largest dedicated food and agriculture financing franchise. Comparable to Agribank in its agricultural lending DNA and rural financial inclusion mandate, though operating at global scale and as a cooperative rather than a state-owned commercial bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/agribankvn

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agribank