Agribank and Vietnam Oil and Gas Group signed a comprehensive cooperation agreement

Attending the ceremony were comrade Le Manh Hung – General Director of PVN; Members of the Board of Directors, Deputy General Director; leaders of affiliated units. On Agribank’s side, there were comrade Pham Duc An – Chairman of the Board of Directors, comrade Pham Toan Vuong – Member of the Board of Directors, General Director; Members of the Board of Directors, Deputy General Director; Leaders of units at Head Office, branches and affiliated companies.

Over the past years, Agribank and PVN have had an effective cooperative relationship, working together to achieve business goals and carry out tasks assigned by the Party, State and Government. The two sides are determined to aim for a comprehensive partnership, wishing to continue to cooperate in fields consistent with their capabilities, optimally exploiting available potential to create business efficiency and effectively implement policies and procedures. Party and State policies on socio-economic development.

Speaking at the ceremony, Mr. Pham Duc An – Chairman of Agribank’s Board of Directors said that the comprehensive cooperation agreement between Agribank and PVN is the result of the two sides’ active working and exchange process in recent times. The Chairman of Agribank’s Board of Directors hopes that with a serious spirit, the two sides will turn the general provisions in the agreement into specific, practical tasks. Agribank hopes to provide financial solutions and appropriate banking products and services to PVN, its subsidiaries and related units as well as personal service products for 60,000 officials and workers working in the country. Working at Vietnam Oil and Gas Group.

On PVN’s side, Mr. Le Manh Hung – General Director of PVN said that the comprehensive cooperation agreement with Agribank has important meaning when realizing the Party and State’s policy to share and connect resources. of each side to increase the competitiveness of businesses, thereby enhancing the competitiveness of the Vietnamese economy. The General Director of PVN hopes that the Group’s projects and its subsidiaries and related units will have access to credit capital and PVN’s employees will be provided with banking products, services and utilities. row. He believes that with Agribank’s experience, capabilities and resources, the Bank will promote its potential to accompany development with Vietnam Oil and Gas Group.

In recent years, Agribank has been a pioneer bank in financing many energy and renewable energy projects with the desire to accompany the energy industry in improving technology, improving efficiency, increasing production output and reducing prices. to provide for the people. Agribank wishes to accompany PVN in the field of new energy and energy technology.

In addition to its key role in investment and development of “Tam Nong”, Agribank is ready with resources to provide banking and financial services for key national projects. The comprehensive cooperation agreement between Agribank and PVN is an important milestone in the cooperative relationship between the two units, opening a new phase of cooperation to increasingly improve competitiveness in the market, affirming its position, The key role of state-owned enterprises in the country’s economy and society.

Up to now, Agribank’s charter capital is more than 50 trillion VND; Total assets have exceeded the 2 million billion VND mark; Capital reached over 1.86 million billion VND; Total outstanding loans to the economy reached over 1.53 million billion VND, business operations were safe and effective, continuing to be one of the enterprises with the highest contribution to the State budget.