On 14 September 2023 in Hanoi, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in collaboration with 13 Japanese partner banks organized a Japanese customer conference. The conference is part of events celebrating the 50th anniversary of diplomatic relations between Vietnam and Japan (21 September 1973 – 21 September 2023).

The conference was attended by Mr. Keisuke Kobayashi - Deputy Chief Representative of the Japan External Trade Organization (JETRO) in Vietnam; Mr. Aguin Toru - Chief Representative of Japan Bank for International Cooperation (JBIC) in Vietnam; Mr. Le Ngoc Lam – CEO of BIDV, experts and leaders of 200 Japanese businesses operating in Vietnam.

At the conference, experts and business representatives shared and discussed the world economic situation and its impact on Vietnam; Vietnam government's business support policies; Vietnam's strong commitments to reducing greenhouse gas emissions, towards the goal of net zero by 2050... The conference also discussed coordination mechanism between JBIC and BIDV in providing sustainable financial solutions for businesses, helping them consider appropriate directions to adapt to the movements of the economy; join hands to promote a green and sustainable economy in Vietnam and the world at large. On the sidelines of the conference, BIDV and the 13 Japanese banks also arranged 110 networking sessions between the participating Japanese customers.

Speaking at the conference, Mr. Le Ngoc Lam – CEO of BIDV, emphasized:

With the goal of accompanying and supporting Japanese investors in Vietnam, BIDV always strives to coordinate with Japanese partner banks to provide good quality and competitive banking products and services. Besides, BIDV is ready to support customers with information about the business investment environment in Vietnam; organize and participate in tourism, trade and investment promotion activities between the two countries; connect relationships between Vietnamese and Japanese businesses... Given the trend of sustainable development, green finance has become a clear and strong direction globally. Recognizing that, BIDV is committed to creating the most favorable conditions and is ready to be an effective bridge between regulators, domestic and international financial institutions and businesses, thereby opening up opportunities for cooperation in green growth, environmental protection, response to climate change, contributing to the development of a sustainable financial ecosystem in Vietnam.

As the longest-established financial institution in Vietnam, BIDV has been well aware of its role and mission in contributing to the development of the relationship between Vietnam and Japan. Identifying Japanese businesses as important partners, since 2013 BIDV has pioneered the establishment of a unit specialized in serving Japanese business customers (Japan Desk). After 10 years of implementation, the Japanese customer base at BIDV has continuously increased in both size and quality. With a team of staff knowledgeable in Japanese language and culture, BIDV always strives to fine-tune specialized and flexible products and services to fully meet the needs of the customers.

So far, BIDV has signed cooperation agreements with 33 Japanese regional banks. 11 officers dispatched from the partner banks are working at BIDV to coordinate and comprehensively provide effective and sustainable financial solutions to serve Japanese customers doing business in Vietnam.

The Japanese customer conference held on the occasion of the 50th anniversary of diplomatic relations between Vietnam and Japan was of great significance and was highly appreciated by the Japanese customers. The program contributes to connecting and creating practical business opportunities for businesses that have trusted BIDV.

 

About BIDV:

Founded in 1957, BIDV is the longest-established and largest commercial bank in Vietnam by total assets. As of 30 June 2023, BIDV's total assets had reached USD88.06 billion, total outstanding loans reached USD67.34 billion, and mobilized capital reached USD71.14 billion. Boasting a wide network of more than 1,000 branches and transaction offices across 63 provinces and cities in Vietnam, BIDV is currently serving more than 17 million individual customers and about 500,000 businesses. In addition, BIDV has subsidiaries operating in the fields of insurance, securities, and financial leasing; with commercial presence in many countries around the world. BIDV has established partnerships with 2,300 financial institutions globally.

With unwavering efforts, BIDV has been highly appreciated by prestigious domestic and international organizations. Moody's upgraded the bank’s long-term issuer and deposit ratings (local/foreign currency) from Ba3 to Ba2 with outlook changed from Stable to Positive; Forbes magazine (USA) included BIDV in the list of the world’s 2,000 largest public businesses; Brand Finance (UK) named BIDV in the list of Top 500 most valuable banking brands in the world for many consecutive years. BIDV was also honored by the Asian Banking & Finance magazine as the "Best FDI bank in Vietnam in 2022-2023".