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ActionsNo.23/2015: BIDV and BIDC awarded highest honors by Royal Government of Cambodia
Attending the ceremony were a host of dignitaries including Mrs. Men Sam An - Deputy Prime Minister of the Royal Government of Cambodia and Chairwoman of the Cambodia-Vietnam Friendship Association, Mr. Chea Chan To - Governor of the National Bank of Cambodia and Mr. Tran Bac Ha - BIDV Chairman and Chairman of the Association of Vietnamese Investors in Cambodia (AVIC). Also joining were leaders of Cambodian ministries and Vietnamese authorities in Cambodia.
Having had a presence in Cambodia since September 2009, BIDV has contributed significantly to the economic relationship between Vietnam and Cambodia.Given these efforts, the King of Cambodia awarded prestigious orders to BIDV. They were the Royal Order of Cambodia (first class) and the Royal Orders of Sahametrei (first-class and second-class). These noble orders were conferred on BIDV and BIDC for their contributions and distinguished service to the country. The orders were also a motivation for the recipients to continue promoting their roles in business as well as social security in Cambodia.
The Royal Government of Cambodia had previously awarded orders of merit (first and second class) to BIDV staff for their significant contributions to the economic development of Cambodia.
As a member of BIDV, BIDC is one of the six leading commercial banks in Cambodia with total assets of over USD620 million and owner’s equity of USD85 million. The bank’s financial capability, business performance and quality of products and services have been continuously improved. BIDV and its commercial presences were also actively involved in contributing to the socio-economic development, poverty reduction, hunger elimination and improvement of living standards for the Cambodian people. Since 2009, BIDV and its associates have funded social welfare activities totaling USD6 million.
Also at the ceremony, BIDC officially opened its 8th branch named Toul Kork. BIDC Toul Kork is based in Toul Kork District – a rapidly developing area in Phnom Penh. The opening of the Toul Kork branch aligns with the plan to enhance the scale, network and quality of banking products and services of BIDC.
Following a series of events, on the morning of May 26 in Mean Chey District, Phnom Penh, BIDV and BIDC held a groundbreaking ceremony for a construction project to provide better facilities for BIDC and allow operations to expand. The two hectare area will consist of office buildings, guest houses and staff accommodation. The commencement reflects the determination of BIDV and BIDC to conduct long-term and sustainable business and investment in Cambodia. The site is due to be operational by the first quarter of 2016.
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