On May 16, 2025, in Hanoi, under the witness of H.E. Pham Minh Chinh, the Prime Minister of the Socialist Republic of Vietnam and H.E. Paetongtarn Shinawatra, the Prime Minister of the Kingdom of Thailand, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Export-Import Bank of Thailand (EXIM Thailand) exchanged the Memorandum on Mutual Business Cooperation.

The Memorandum on Mutual Business Cooperation builds upon the Memorandum signed between the two banks in 2019, reaffirming the traditional and productive partnership between two leading banks of Vietnam and Thailand. Both parties have agreed to further strengthen comprehensive collaboration, opening up development opportunities in key areas such as project financing, customer referrals, banking services for each other's clients, international payments and trade finance as well as sharing information in fields of mutual interest. Notably, as pioneers in the green transition and sustainable development within their respective countries, BIDV and EXIM Thailand have committed to jointly supporting green/sustainable projects, helping customers integrate into the global trade market and working towards carbon neutrality and Net Zero targets.  

Under the distinguished presence of senior leaders from both nations, the exchange of the Memorandum on Mutual Business Cooperation between BIDV and EXIM Thailand holds special significance, marking an important milestone in the bilateral banking collaboration and contributing to the enhancement of the Vietnam-Thailand Comprehensive Strategic Partnership, supporting the growth of businesses in both countries, and fostering economic and social development across ASEAN.

Mr. Le Ngoc Lam – Chief Executive Officer, BIDV and Mr. Bundit Sapianchai – Director, Acting President, EXIM Thailand – Representatives of two banks exchanged Memorandum on Mutual Business Cooperation under the witness of the Prime Minister of two nations.

About BIDV

Established in 1957, BIDV stands as Vietnam’s most historic and largest commercial bank, leading the market in scale and operations. By the end of Q1/2025, BIDV’s total assets surged to 2.8 quadrillion VND, with deposits exceeding 2.17 quadrillion VND, capturing 14.3% of the industry’s market share. Its outstanding credit portfolio surpassed 2.07 quadrillion VND, representing 13% of the market share. The bank boasts a vast network of over 1,100 branches and transaction offices across Vietnam, along with an international presence. Serving nearly 500,000 corporate clients and around 22 million individual customers, BIDV maintains partnerships with more than 2,300 financial institutions spanning 178 countries and territories worldwide.

BIDV’s overarching goal for the 2025-2030 period is to establish itself as a Leading - Strong - Green bank in Southeast Asia, ranking among Asia’s Top 100 Banks, with a vision to reach the Top 50 Banks in Asia by 2045.

About EXIM Thailand

EXIM Thailand, a state-owned bank under the Royal Thai Government, plays a crucial role in supporting Thai investors to expand their businesses internationally while supporting domestic enterprises in global export ventures.

In recent years, EXIM Thailand has been at the forefront of sustainable development, setting an ambitious target to achieve Carbon Neutrality by 2030 - two decades ahead of Thailand’s national goal. This bold commitment reinforces the bank’s leadership in advancing Thailand’s green transition, paving the way for a Net Zero future.