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BIDV

For the first time, a Vietnamese bank has total assets exceeding US100 billion

For the first time, a Vietnamese bank has total assets exceeding US$100 billion

BIDV is reported to have a total consolidated assets reaching nearly VNĐ2.576 quadrillion (US$101.6 billion) as of September 30,  up 12 per cent over the beginning of this year, according to its third-quarter financial report.
Three Big Four banks enter Top 5 largest companies on Việt Nams stock market

Three 'Big Four' banks enter Top 5 largest companies on Việt Nam's stock market

Three banks from the ''Big Four'' group — Vietcombank (VCB), BIDV (BID), and VietinBank (CTG) — have made it into the top five largest companies by market capitalisation on Việt Nam’s stock exchange.
Big4 banks and SJC sell gold bars directly to customers today

Big4 banks and SJC sell gold bars directly to customers today

This strategic move aims to promote market stability and ensure a balanced gold market, rather than pursue profit motives.
Insurance companies diverge on dividend distribution, some opt-out while others pay generously

Insurance companies diverge on dividend distribution, some opt-out while others pay generously

Petrolimex Insurance Joint Stock Corporation (PGI) maintained the same dividend rate as in 2022, which was 12 per cent in cash.
BIDV MetLife commits to customer-centric model to promote life insurance in VN: new CEO

BIDV MetLife commits to customer-centric model to promote life insurance in VN: new CEO

Việt Nam has huge potential for life insurance, fuelled by the rising demand for health protection and financial accumulation especially among young people.
Big 4 banks represent 41.9% of total credit, 50% of total deposits

Big 4 banks represent 41.9% of total credit, 50% of total deposits

According to the latest data from the State Bank of Vietnam (SBV), by December 31, 2023, credit increased by about 13.71 per cent compared to the end of 2022, not significantly lower than the 14.18 per cent increase of the previous...
2023 a fruitful year for large banks, mixed for others

2023 a fruitful year for large banks, mixed for others

Despite the economic downturn, large banks have announced excellent results for 2023 and met all the targets they set for themselves.
Standard Chartered Bank Vietnam signs Master of Agreement for sustainable trade loan to BIDV valued at 100 million

Standard Chartered Bank Vietnam signs Master of Agreement for sustainable trade loan to BIDV valued at $100 million

Standard Chartered has signed a Master of Agreement to offer BIDV a sustainable trade loan worth up to US$100 million, to support BIDV and its clients meet their sustainability goals.
BIDV and LSP sign US200 million credit agreement

BIDV and LSP sign US$200 million credit agreement

Since 2021, BIDV and LSP have actively engaged in effective collaboration across various domains.
BIDV uses IBM API Connect® to enhance quality of open banking service

BIDV uses IBM API Connect® to enhance quality of open banking service

BIDV announced its ion of IBM API Connect® as the platform to build a new application programming interface management system to maximise the digital banking experience for its clients.
Insurance sector enjoys positive earnings, attracting investors

Insurance sector enjoys positive earnings, attracting investors

The insurance sector is attracting the attention of investors when it comes to investment portfolios because businesses in this group have also recorded positive results in recent years.
Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.
BIDV – first Vietnamese bank to issue Sustainable Loan Framework

BIDV – first Vietnamese bank to issue Sustainable Loan Framework

BIDV on Thursday officially issued a Sustainable Loan Framework in consultation with the Carbon Trust.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
BIDV launches digital platform to support SMEs

BIDV launches digital platform to support SMEs

As part of the project "Technical assistance to support SMEs" funded by the ADB, BIDV ed MVV Academy to consult and develop SMEasy digital platform.