BIDV honored with “National brand” recognition for the 8th time

05/11/2024
At the Vietnam National Brand Announcement Ceremony 2024 held in Hanoi, Prime Minister Pham Minh Chinh presented the “National Brand” trophy to Mr. Dang Van Tuyen, Member of the Board of Directors of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). The recognition affirms BIDV’s sustained efforts in delivering strong business performance, fostering sustainable development, and contributing meaningfully to Vietnam’s socio-economic growth.

Held under the theme “Rising into the Green Era”, the Vietnam National Brand Program 2024 recognized 190 enterprises with a total of 359 products, all demonstrating innovation, competitiveness, and a commitment to green and sustainable development. BIDV was once again honored with the “National Brand” title – marking the eighth time the bank has received this prestigious distinction.

Prime Minister Pham Minh Chinh awarded “National Brand 2024” trophy to Mr. Dang Van Tuyen - BIDV’s Board Member

In the context of ongoing market volatility, BIDV has consistently demonstrated resilience and operational excellence. As of 30 September 2024, BIDV maintained its position as Vietnam’s largest commercial bank, with consolidated total assets exceeding VND 2.58 quadrillion (USD 101 billion); reached VND 2.07 quadrillion, total outstanding loans stood at VND 1.96 quadrillion, and consolidated profit before tax amounted to VND 22.047 trillion. BIDV also leads the market in in corporate income tax contributions.

BIDV’s extensive financial ecosystem includes more than 1,100 branches and transaction offices, as well as a commercial presence in five countries and territories. The bank serves over 20 million individual customers and nearly 500,000 corporate clients, while maintaining correspondent banking relationships with more than 2,300 financial institutions across 177 countries and territories.

In tandem with its strong financial results, BIDV continues to advance its vision as a pioneer in sustainable banking, aligning closely with the National Green Growth Strategy (through 2030, vision to 2050). BIDV is one of the first banks in Vietnam to embed sustainable development principles into its long-term strategy and development roadmap. BIDV is currently finalizing a comprehensive internal legal framework to align with the strategic directions of the Government and the State Bank of Vietnam, enabling the bank to provide robust financial solutions that support the transition to a green economy.

In recent years, in addition to Sustainable Loan Framework and Green Bond Framework, etc., laying the foundation for green credit packages and preferential funding programs for green building projects, BIDV launches the Environmental and Social Management System (ESMS) for trade finance activities, marking a pioneering move to support exporters and importers to strengthen global value chains and enhance sustainable trade practices. BIDV also continues to fulfill its corporate social responsibility by actively implementing green and inclusive initiatives—especially those promoting gender equality and climate resilience in communities.

BIDV’s excellence has been recognized not only through the “National Brand” program but also through numerous prestigious domestic and international awards, such as: “Top 1000 Listed Enterprises Worldwide”; “Top 10 Largest Banks in Southeast Asia”; “Best Corporate Bank in Southeast Asia,” “Best SME Bank in Southeast Asia,” “Best Retail Bank in Vietnam,” “Top 50 Best Listed Companies in Vietnam 2024,” “Top 10 Most Valuable Vietnamese Brands in 2024,” and “Best Bank for Digital Transformation Vietnam,” among others. This recognition serves as a strong motivation for BIDV to continue enhancing the value proposition, competitiveness, and customer service capabilities of its products and services, affirming the prestige of Vietnamese enterprises - particularly in the banking sector - on both regional and international stages.

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