The AGM approved many important issues including Board of Directors’ report for the 2017-2021 period, orientations to 2022-2027; Board of Management’s report on business performance in 2021, plan for 2022; Supervisory Board’s report in 2021, with a focus on 2022; Election of members of the Board of Directors and Supervisory Board for the term 2022-2027, etc.

The AGM approved the Board of Directors’ report for the 2017-2022 term. During this term, BIDV’s Board of Directors directed the whole system to comprehensively and synchronously complete the annual business targets assigned by the General Meeting of Shareholders and successfully implemented the restructuring plan together with bad debt settlement in the 2016-2020 period.

BIDV’s total assets have grown steadily over the years with CARG of 11.85% in the 2017-2021 period. As of 31 December 2021, its total assets reached VND1,761,696 billion, 1.75 times higher than that of 31 December 2016, earning No.1 position among Vietnam’s banks in term of total assets.

BIDV’s deposits meet the needs of capital use, ensuring the system liquidity. As of 31 December 2021, total deposits had reached VND1,641,777 billion, 1.75 times higher than that of 31 December 2016; in which customer deposit reached VND1,509,483 billion, 1.89 times higher than end of 2016, marking CARG of 13.61% during 2017-2021 and an average market share of 11%.

Credit has grown quite well, complying with the credit growth limit assigned by SBV, focusing on manufacturing and priority areas following the Government’s policy, SBV’s direction and orientation of BIDV. As of 31 December 2021, total credit and investment had reached VND1,677,310 billion, 1.76 times higher than that of 31 December 2016; in which, customer credit reached VND1,368,029 billion, 1.82 times higher than end of 2016, marking CARG of 12.73% for the 5 year period and No.1 market share of over 13%.

Credit quality is strictly controlled: NPL ratio as of 31 December 2021 was 0.82%, meeting NPL target assigned by SBV and AGM. Provision has been fully made following regulations. In 2021, provision was fully made for the restructured loans under Circulars 01, 03 and 14 of SBV, 2 years earlier than the timeline required. Bad debt coverage ratio of the banking business reached 235% as of 31 December 2021.

The average growth of consolidated income and expense difference in the 2017-2021 period was 20.5%, reaching VND43,029 billion in 2021, 2.54 times higher than 2016. Consolidated pre-tax profit grew at 11.9%/year on average, reaching VND13,548 billion in 2021, increasing by 50.1% compared to 2020 and 1.76 times higher than 2016. BIDV was also an active contributor to the State Budget with more than VND28 trillion in the 2017-2021 period (tax payment in 2021 was VND5,169 billion). State capital at BIDV was preserved and developed, as of 31 December 2021, reached VND69,918 billion, increasing by 66.4% compared to 31 December 2016. During 2017-2021, BIDV had paid more than VND11,200 billion as cash dividends to shareholders. BIDV’s market cap in 2021 reached VND187.2 trillion (USD8.14 billion), ranking sixth on the Vietnamese stock market.

Mr. Phan Duc Tu - Chairman of BIDV's Board of Directors spoke at the meeting

In the 2017-2021 period, the Board of Directors closely directed to implement capital raising measures with important results: In 2019, BIDV successfully carried out private placement to Hana Bank - its strategic shareholder, raising its charter capital to VND40,220 billion from VND34,187 billion. In 2021, BIDV raised charter capital through stock dividend payment, bringing its charter capital to VND50,585 billion. During the term 2017-2022, BIDV’s Board of Directors led the whole system to strictly follow the Party’s and State’s policies, direction and orientation of the Government and SBV, contributing to maintaining macroeconomic stability, controlling inflation, and stabilizing the money market, making a significant contribution to the overall achievements of the country.

The AGM unanimously elected BIDV’s Board of Directors for the term 2022-2027 including 10 members: Mr. Phan Duc Tu, Mr. Le Ngoc Lam, Mrs. Nguyen Thi Thu Huong, Mr. Tran Xuan Hoang, Mrs. Phan Thi Chinh, Mr. Ngo Van Dung, Mr. Pham Quang Tung, Mr. Le Kim Hoa, Mr. Yoo Je Bong (representative of Hana Bank), and Mr. Nguyen Van Thanh (independent member). The AGM also unanimously elected the Supervisory Board consisting of 03 members: Mrs. Vo Bich Ha, Mr. Cao Cu Tri, and Mrs. Nguyen Thi Thu Ha.

Members of BIDV's Board of Directors and Supervisory Board for the term 2022-2027

At the first meeting of BIDV’s Board of Directors for the term 2022 - 2027, Mr. Phan Duc Tu was elected as Chairman of BIDV’s Board of Directors for the term 2022-2027 and Mr. Le Ngoc Lam - BOD member for the term 2022-2027 continued to be BIDV’s CEO.

At the first meeting of the Supervisory Board for the term 2022-2027, the Supervisory Board agreed to elect Mrs. Vo Bich Ha as Head of Supervisory Board for the 2022-2027 term.