Vietnam Bank for Agriculture and Rural Development’s Bond – VBA123036

Company Information

Agribank was established on March 26, 1988, as a commercial bank with 100% state-owned capital. Throughout 35 years of development, Agribank has consistently affirmed its position and role as one of Vietnam’s leading commercial banks, serving as a key investor in the development of the “Tam Nông” sectors—Agriculture, Farmers, and Rural Areas. It stands as a pillar in Vietnam’s economic development strategy, contributing to macroeconomic stability, inflation control, growth support, and social security assurance.

POSITION OF THE ISSUER

1. Agribank has the largest operational network among commercial banks in Vietnam, with more than 2,200 branches and transaction offices across all regions and island districts, employing nearly 40,000 staff members.

2. As one of the largest commercial banks in Vietnam:

• Its consolidated total assets in 2024 reached over VND 2.2 quadrillion, maintaining its position as one of the commercial banks with the largest asset base in the country.
• With its extensive network, Agribank consistently maintains a sustainable deposit structure, with deposits from individuals accounting for more than 68.4% of total mobilized capital.
• It is the largest commercial bank in lending to the agriculture and rural sector, accounting for approximately 70% of total agricultural and rural loans across the entire commercial banking system.

3. The National Assembly has approved Agribank’s plan to increase its charter capital by up to VND 17,100 billion, strengthening its financial foundation, enhancing operational capacity, expanding funding capabilities, and improving resilience to economic fluctuations.

Financial Situation

Bond Information

Bond Documentaries

1. Bond Introduction VBA123036
2. Prospectus
3. Certificate of Registration for Public Offering of Bonds
4. Business Registration Certificate
5. License for the Establishment and Operation of a Commercial Bank
6. Commitment to Fulfill Obligations of the Issuer to Investors No. 10480/NHNo-KDVTT dated September 12, 2023 of Agribank
7. Resolution of the Members’ Council Meeting No. 17/2023 re: Approval of the 2023 Public Bond Offering Dossier of Agribank, No. 159/NQ-HĐTV dated September 12, 2023