HA NOI (Biz Hub) — The Bank for Investment and Development of Viet Nam (BIDV) features in Global 2000, a list of the world's largest and most powerful enterprises selected by American business magazine Forbes.

In the past few years, the bank has received an array of prestigious awards from both domestic and international organisations for its stellar performance.

BIDV achieved its business target in 2015, besides successfully merging with Mekong Housing Bank (MHB), vietnamplus.vn quoted BIDV General Director Phan Duc Tu as saying.

As of December 31, BIDV's assets were worth VND857 trillion (US$38.2 billion), a 25 per cent increase over 2014's figure, the online newspaper reports.

The bank's charter capital stood at more than VND34 trillion ($1.5 billion), while profit before-tax was estimated to be more than VND7 trillion ($312.3 million), rising 16 per cent from the previous year.

BIDV has been evaluated by Moody's and Standard and Poor credit rating agencies as a bank with sustainable prospects, and is among the Vietnamese financial institutions receiving the highest credit rating from the agencies. — VNS