Ho Chi Minh City, 10 August - BIDV has been honoured with the “Outstanding M&A deal for 2016-2017” at the Vietnam M&A Forum held in Ho Chi Minh City.

​The Vietnam M&A Forum is an annual event for companies and investors from Vietnam and other countries, co-organised by Vietnam Investment Review and AVM Vietnam since 2009 under the auspices of the Vietnamese Ministry of Planning and Investment. Over the past eight years, the forum has attracted more than 300 speakers, leading international and local M&A experts, as well as more than 3,500 senior leaders from international investment funds, international and local consulting firms, state-run corporations, and companies in the private sector operating in Vietnam.

Under the theme “Seeking a big push”, the Vietnam M&A Forum 2017 provided a space to exchange ideas, introduce opportunities and share experiences. The forum was attended by 500 representatives from local and foreign businesses and investment funds, who between them make 85 percent of M&A deals in Vietnam.

In 2016, global M&A deal values reached USD3,500 billion, a figure that, although down 27 percent against 2015, was relatively high and maintained over a long period. In Vietnam, the M&A market is forecast to be strong in 2017 after hitting a record figure of USD5.8 billion in 2016, an increase of 11.92 percent compared to that of 2015.

BIDV was honoured for the M&A deal 2016-2017 for its deal with SuMi TRUST in the field of financial leasing. The award attests to BIDV’s position and prestige as a pioneer in financial and banking activities and demonstrates the trust of organisations, partners and customers, both local and international, in the bank.

About the deal:

BIDV entered into a strategic partnership with SMTB in 2013. The banks cemented the partnership by signing a cooperation agreement in the field of financial leasing in April 2016 in Hanoi. Under the agreement, BIDV agreed to transfer 49 percent of its capital at BIDV Leasing Company (BLC) – a company wholly owned by BIDV – to SuMi TRUST, transforming BLC into BIDV-SuMi TRUST Leasing (BSL) and doubling the company’s charter capital, expanding the scope of business and reshaping the business strategy based on the experience and strengths of BIDV and SuMi TRUST.

BSL is the first leasing company in Vietnam to apply the joint venture model between a domestic commercial bank and a foreign financial institution, marking a spotlight in Vietnam’s financial leasing market.