In 2014, Vietnam’s economy saw many positive developments that presented a brighter economic outlook for 2015, though challenges remain. As a leading financial institution, BIDV proactively leads the way in contributing to the country’s achievements. It also makes innovative and effective developments, marking a new milestone in the development of the bank, excelling in all business targets set by the 2014 General Shareholders Meeting, and recording positive changes in implementing the Restructuring Project for the 2013-2015 period, which was approved by the State Bank of Vietnam (SBV).

In its first year of being listed on the stock exchange, BIDV comprehensively exceeded the business targets approved by the General Shareholders Meeting, ensuring a dividend ratio (per par value) of not less than 9% as committed to shareholders, and a higher credit rating.

​In particular, BIDV’s total assets exceeded VND655,000 billion (up 18% YoY), outstanding loans reached over VND461,000 billion, an increase of 18.9% YoY, credit was extended to prioritized areas according to the Government and SBV’s directions, the NPL ratio was 1.8% (lower than the 3% requirement), deposit growth was good, meeting the Bank's funding and operation needs (Market 1: VND502,000 billion, up 20%; Market 2: over VND55,000 billion, including local and foreign loans).

Though the economic challenges and sector competitiveness were high, BIDV maintained good business growth, with a PBT of VND6,065 billion, up 20%, an ROE of 14.4%, an ROA of 0.8%, and an EPS of VND1,700 per share. Its capital adequacy ratio was over 9%. 2014 was the 19th year in a row that BIDV has been internationally audited, the 9th year it’s been rated by Moody’s, and the 5th year it’s been rated by Standard and Poor’s. The results showcase that BIDV has open, transparent and sound financial performance in line with international practice, proving the quality and effective business performance of the bank. Further, BIDV also pays attention to providing information to regulators and shareholders, and as a result is seen to have professional investor relations in the stock market.

BIDV continues to pay attention to comprehensive innovation in areas such as strategic management, risk management under Basel II requirements, strengthening its organizational structure and enhancing its human resources quality, streamlining administrative procedures, upgrading information technology systems to meet the management and product development requirements of a modern bank, improving service attitude and product quality in line with international standards, and meeting the diverse needs of customers.

In recognition of the bank’s performance and success, BIDV was named (i) “Best Commercial Bank Vietnam” by International Banker; (ii) “Best Domestic Forex Services Provider” and “Best for Foreign Exchange Research and Market Coverage” by Asiamoney; and (iii) “Best Cash Management Bank Vietnam” by The Asian Banker. BIDV was also honored to receive a Vietnam Value award for the fourth time in a row.

BIDV is also at the forefront in executing monetary policy, as evidenced by practical and effective action programs, contributing to the fulfillment of the 2014 goals set by the Government and the SBV and stated in Resolution No. 01/NQ-CP and Directive No. 01/CT-NHNN. In particular, the bank has proactively reduced lending rates three times, granted 15 preferential credit packages worth tens of thousands of billion of Vietnam Dong to customers in fields prioritized by the Government, and was the first bank to successfully make loan disbursements to fishermen for off-shore shipbuilding, significantly contributing to economic development in association with national defense. Further, BIDV continues to affirm its position and strategic vision in research, projection, consultancy on macroeconomic management issues, and finalization of market-based economic mechanisms and policy, and continues to be an independent provider of objective and reliable information to serve the effective management of BIDV as well as the macroeconomic management policy planning of Vietnam and neighboring countries such as Laos, Cambodia, and Myanmar.

In 2014, BIDV proactively integrated into international financial markets, strengthening cooperation with partners in the world, enhancing its role as Chairman of AVIL, AVIC, AVIM, and effectively contributing to the socioeconomic development of neighboring countries and the stability of the country’s national security and defense. It also expanded its trade promotion activities in potential markets such as the Russian Federation, Europe, and Northeast Asia, achieved remarkable success in integrating and connecting Japanese and Vietnamese markets, and partnered with Metlife – a US insurance company - in establishing the BIDV Metlife company.

Regarding corporate social responsibility activities, BIDV is a pioneer in sponsoring educational activities, organizing integration classes in ten provinces, and spent VND380 billion on practical action programs in prioritized areas such as healthcare, education, disaster rescue, and protection of the East Sea.

Entering 2015 with a positive economic outlook despite challenges remaining, BIDV continues to set ambitious goals, striving to comprehensively achieve the goals set in the Restructuring Project for the 2013-2015 period approved by the SBV, such as deposits increasing to 16,5%, loans to 16%, NPLs to be below 2.5 %, and PBT growth of not lower than 20%. The bank will also thoroughly implement Government Resolution No. 01/NQ-CP dated 3 Jan 2015 approving the implementation of the Action Program at the start of the year. BIDV is committed to further enhancing and bringing its core values into full play based on the solid foundation and resources it built up over the past 58 years, upholding its key role in implementing national currency policy, focusing on comprehensively restructuring the bank in a modern manner, ensuring safe, effective and sustainable growth, and continuing to participate in social security and poverty reduction in accordance with Party and State policies.