SME Digital Transformation (SME Digitrans) Program is recently launched by the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), aiming at promoting digital transformation process for Small and Medium Enterprises (SME) and modern technology in executive and financial – accounting management. The program is accompanied by the Asian Development Bank (ADB) which provides technical assistance worth more than USD1 million.

The launching ceremony of the program "SME Digitrans" held on 12 April 2021 at BIDV Headquarters (35 Hang Voi, Hanoi) saw the participation of Mr. Andrew Jeffries - Director of ADB in Vietnam; Mr. Donald Lambert - Private Development Economist of ADB; Ms. Dinh Thi Thuy - General Director of MISA Joint Stock Company; Mr. Steven Landman - Managing Director of Kiu Vietnam Co., Ltd; Ms. Nguyen Thi Tuyet Minh - Chairwoman of Vietnam Women Entrepreneurs Council. Representing BIDV were Mr. Tran Long - Deputy General Director, and the management of BIDV’s departments and branches in Hanoi.

In the first phase of the program "SME Digitrans", BIDV cooperates with MISA Joint Stock Company and Kiu Vietnam Co., Ltd. to give at least 600 SMEs 2 years of usage fees for BMP (Business Management Platform) by Kiu Vietnam Co., Ltd., and 2 year fees for MISA SME.NET 2020 and MISA meInvoice accounting software of MISA Joint Stock Company, and connection fee for BIDV ERP between BIDV iBank and the above softwares.

At the same time, BIDV has planned to continue promoting the application of information technology in product and service development and building a digital platform for SMEs; and creating ecosystems of non-financial solutions to meet the diverse needs of SMEs. In addition, the bank will support SMEs to raise awareness and skills in adapting to the industrial age 4.0, reduce banking process, thus contribute to information transparency and corporate governance capacity improvement.

In particular, “SME Digitrans” will give priority to comprehensive financial development resources to support women-owned SMEs; start-ups; rural enterprises in mountainous areas…; household businesses shifting to SMEs... At the ceremony, BIDV also announced the cooperation with the Vietnam Women Entrepreneurs Council to support women-owned SMEs to provide financial and non-financial solutions for comprehensive business development.

Through “SME Digitrans” program, BIDV continues to implement its customer-centric orientation, breakthrough with technology, solutions that meet the needs of customers and follow the direction of the Government in the SME Support Law as well as the National Digital Transformation Program to 2025, orientation to 2030.

“SME Digitrans” program also marked a milestone of the cooperation between ADB and BIDV in supporting SMEs in Vietnam. Previously, in 2018, ADB and BIDV signed a credit contract worth USD300 million to support the development and business efficiency of SMEs in Vietnam. BIDV was the only Vietnamese bank to be honored as "Leading Partner Bank in Vietnam" in the Trade Finance Program (TFP) of ADB for 3 consecutive years (2016 - 2018); In 2019, BIDV was among 200 global member banks of the TFP program to be honored “Best SME Deal” award...