In 2024, BIDV proactively and decisively maximized all resources to ensure safe and seamless operations, achieving and surpassing all planned business targets.

Overview of the Meeting on 2025 business plan implementation

BIDV continued to affirm its key role in implementing the policies and directions of the Party, State, Government, and the State Bank of Vietnam (SBV), while fulfilling its responsibilities to the State, shareholders, employees, and the community.

As of 31 December 2024, BIDV achieved or exceeded the targets set by the SBV and the General Meeting of Shareholders, specifically:

Total assets of the commercial banking business reached nearly VND2.7 quadrillion (USD108 billion), a 19.4 percent increase, maintaining its position as the largest joint-stock commercial bank in Vietnam by total assets.

Total mobilized capital reached VND2.14 quadrillion (USD85.6 billion), a 13.1 percent growth. Total outstanding loans exceeded VND2.01 quadrillion (USD80.4 billion), a 15.3 percent growth, representing the largest market share in the market with 13.1 percent. Credit quality was controlled within limits, with a non-performing loan ratio of 1.3 percent (in compliance with the State Bank’s Circular 31), and a bad debt coverage ratio of 133 percent.

BIDV’s pre-tax profit of the banking business alone reached VND30,006 billion (USD1.2 billion), growing by 12.4 percent. Profitability and safety indicators were ensured with ROA and ROE ratios being 1.02 percent and 19.09 percent, respectively. Capital adequacy ratio was 8.6 percent.

State capital at BIDV was secured and increased, with owners’ equity reaching VND136,320 billion (USD5.5 billion), a growth of 18.4 percent. The bank's market capitalization was valued at VND259 trillion (USD10.4 billion), an increase of 4.6 percent, making it one of the top three enterprises with the highest market capitalization in the Vietnam stock market. The bank successfully increased its charter capital to VND68,975 billion (USD2.8 billion) and paid VND9,412 billion (USD376 million) to the State budget, being among the top corporate income taxpayers.

Subsidiaries and joint ventures operated stably, with pre-tax profits of VND1,253 billion (USD50 million) from subsidiaries and VND1,362 billion (USD54.5 million) from joint ventures and associates.

BIDV effectively implemented monetary policies and the Government's directions. Initiatives included reducing lending rates for nearly 400,000 customers, restructuring debt repayments under Circulars 02 and 06 with restructured loans totaling VND8,500 billion (USD340 million). BIDV also offered preferential credit programs to support customers affected by Typhoon Yagi. In total, BIDV reduced over VND8.6 trillion (USD344 million) in income to support the customers.

BIDV maintained its leadership in green finance by issuing VND5.5 trillion (USD220 million) in green and sustainable bonds - the largest issuances in Vietnam - and deploying a VND10 trillion (USD400 million) credit package for green projects. With over VND75 trillion (USD3 billion) in green outstanding loans, BIDV held 12 percent of Vietnam’s total green credit portfolio, reaffirming its position as the leading green bank in the country.

SBV Deputy Governor Mr. Doan Thai Son

SBV Deputy Governor Mr. Doan Thai Son acknowledged BIDV's efforts and achievements in 2024. He emphasized the bank’s contributions to implementing solutions to support enterprises and individuals in accessing capital, recovering production, fostering growth, and controlling inflation. He also highlighted BIDV's progress in digital transformation and green transition towards sustainable development. The Deputy Governor urged BIDV to leverage its strengths as the largest bank in the system, ensuring the leading role and responsibility in the economy in the new context. He expressed confidence that BIDV would continue to excel in the 2025 business plan, contributing significantly to the banking sector's overall performance.

Leaders of the State Bank and BIDV award outstanding collectives and individuals

BIDV has identified its operational motto for 2025 as “Responsibility - Streamlining - Efficiency – Accelerating transformation”. The bank aims to achieve key targets, including: credit growth of at least 14 percent within the SBV's credit limits; mobilizing capital in line with capital use effectively and safely; controlling the NPL ratio at ≤1.4 percent according to the State Bank’s Circular 31; pre-tax profit of the banking business alone growing by 6 percent - 10 percent; and maintaining compliance with SBV’s safety ratios.

With strong foundations and clear strategies, BIDV is poised to achieve more successes in 2025 and further solidify its role as a leading financial institution, significantly contributing to Vietnam's development.