Right after the Task acquisition conference 2013 of the Banking sector, on 12/1/2013, in Hanoi, BIDV held the “Business plan 2013 conference” in order to evaluate operation result in 2012 and set forth objectives, solutions and tasks for 2013.

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At the Conference, BIDV had the honor to welcome Ms. Nguyen Thi Kim Ngan - Secretary of the Central Committee of the Communist Party of Vietnam, Deputy Chairman of the National Assembly of the Socialist Republic of Vietnam and representatives of the Central Ministries and sectors.

Speaking as guidance at the Conference, Ms. Nguyen Thi Kim Ngan Secretary of the Central Committee of the Communist Party of Vietnam, Deputy Chairman of the National Assembly - recognized and highly appreciated encouraging results gained by the entire BIDV system in 2012, especially when the world economy and national economy had many difficulties.

For the operation of BIDV in the coming time, Ms. Nguyen Thi Kim Ngan kindly requested BIDV to grasp thoroughly the guideline and guidance of the Government, the State Bank of Vietnam to carry out uniformly and drastically. Special attention was paid to some contents such as: Further bringing into full play the leading role and efficient tool in implementing monetary, credit and foreign exchange policies under the guidance of the State Bank of Vietnam, ensuring strictness, prudence and flexibility under the market signal; Coordinating with commercial banks in the system in following hard on the demand creation solutions of the Government, focusing on taking measures and solutions vigorously in order to remove difficulties for production and business and support the market; further fortifying the comprehensive restructuring schedule of the BIDV operation under the direction and guidance of the State Bank of Vietnam; Better carrying out political task entrusted by the Communist Party of Vietnam, the State of Vietnam and the Government of Vietnam in directly carrying out business activities and leading and supporting Vietnamese enterprises in investment and trade promotion in Laos, Cambodia and Myanmar markets; Paying attention to and continuing to boost social security and social welfare activities under the guidance of the Government.

Ms. Nguyen Thi Kim Ngan believed that, in 2013, with the set measures and solutions, BIDV would have a strong change, transforming challenge into action opportunity, outdo the set target and progress; make active contribution to the general success of the banking sector in achieving national economic, political and social objectives.

For BIDV, 2012 is of special importance: marking the 55th anniversary where BIDV accompanied the country development; completed the equitization process and formally transformed from a State-owned bank to a joint stock commercial bank; the important transitional year of implementing BIDV restructuring and many important tasks entrusted by the Communist Party of Vietnam, the State of Vietnam and the Government of Vietnam. At the end of 2012, BIDV basically finished the set business plan task and political task entrusted by the State and the Government of Vietnam despite big effect from the general difficulty of the economy as well as customer community.

Specifically, by 31/12/2012, total assets grew by 18.3%, achieving 497,827 billion VND; Closing capital mobilization grew by 26%, achieving 360,167 billion VND; Credit debit achieved 324,218 billion VND, growing by 16.2%, in accordance with the limit fixed by the State Bank of Vietnam; Bad debt control was within the permissible limit (2.77%) in accordance with safety limit indexes; Risk provision reservation was big (6,730 billion VND); Pre-tax profit achieved 4,246 billion VND; Return on Total Assets (ROA) reached 0.7%; Return on Equity (ROE) hit 12.34%; Contribution to the budget continued to increase and ranked 6th among 1,000 largest income tax payers in Vietnam.

Besides, BIDV also gained good result in many aspects such as: Actively and creatively taking measures for removing difficulty for the enterprises, stabilizing production and business, contributing to creating sector-wide spreading effect to jointly achieve the Government objective; Bringing into full play the role of Chairman of the Association of Vietnam Investors to Cambodia (AVIC), the Association of Vietnamese Investors in Laos (AVIL), the Association of Vietnam Investors to Myanmar (AVIM), trade representatives of BIDV in foreign countries also finished their political tasks successfully, serving as the payment bridge, the place to provide quality financial and banking products and services to Vietnamese enterprises to invest abroad; Carrying out social security well at home and abroad with many highly effective programs; Strictly complying with the Resolution adopted by the 4th Central Committee (11th term) “Some urgent issues on the construction of the Communist Party of Vietnam at present” in association with accomplishing and enhancing the quality of the Communist Party of Vietnam activities, quality of Party members, staffing, realizing democratic regulations in the enterprise.

 For the business plan 2013, based on analyzing and evaluating general situation, BIDV sets the following target: Capital mobilization increases by 16.5% compared with that in 2012; Operating credit debit increases by 12%; Bad debt/Total debit rate is below 3%; Pretax profit increases by 12%; Earnings per share (EPS): 1,500 VND/share; Dividend payment rate: ~ 9%/year.

Accordingly, BIDV focuses on carrying out some key tasks and main solutions as follows: Growing credit appropriately, effectively in accordance with the mobilized capital platform to support economic growth, contribute to controlling inflation, stabilizing macroeconomics and remove difficulties in production and business, support the market under the guidance by the Government; Focusing on handling bad debt, further controlling credit quality, reserving sufficient risk provision, ensuring system safety; Restructuring Liabilities - Assets based on concentrating and repositioning the depositor base and BIDV borrowers to determine customer structure with reasonable cost, diversifying credit base, dispersing risk; Focusing on restructuring the business organization model on the entire system to ensure efficiency and effectiveness; Renovating, enhancing efficiency in managing and operating business plan, risk management and administration of the system; Further renovating and developing human resources in order to create high quality labor force, enhancing labor productivity; Enhancing efficiency of trade presences, increasing role and prestige of BIDV in the international market, completing the entrusted political task. At the same time, BIDV pays attention to building firm BIDV Party Committee in the direction of enhancing leadership ability and working strength of the Party organization and Party members.