On 9 January 2019, the Investigation Police Agency under Vietnam’s Ministry of Public Security began criminal proceedings against Mr. Doan Anh Sang – former Senior Executive Vice President of BIDV, Mr. Ngo Duy Chinh – former Head of BIDV Thang Long branch, Mr. Nguyen Xuan Giap – former Deputy Head of BIDV Ha Thanh branch and another two officers of BIDV Ha Thanh branch for their previous violations.

As a primarily state-owned enterprise, BIDV always complies with all provisions of laws and is working with competent authorities according to legal proceeding procedures. The bank affirms the above-mentioned case does not affect the normal operation of BIDV Thang Long, BIDV Ha Thanh and the BIDV system as a whole.

BIDV has established good relationships with over 2,300 financial institutions in 177 countries and territories, serving nearly 11 million customers who are groups, corporations, enterprises, organizations and individuals.

As of 31 December 2018, BIDV comprehensively fulfilled its business goals as approved by the General Meeting of Shareholders. The bank’s total assets reached over VND1,283,000 billion, up 9.1% compared to 2017; total deposits hit VND1,036,000 billion, growing by 11%; total credits and investments stood at over 1,214,000 billion; loans to the economy increasing by 13.3%; difference in revenues and expenditures grew advanced 13%. BIDV fulfilled all tax obligations and met safety indicators according to the provisions of laws and international practice.

At the end of 2018, the international rating firm Moody’s upgraded BIDV’s baseline credit assessment (BCA) from b3 to b2. BIDV was also honoured by the Asian Development Bank as the leading partner bank in Vietnam for the third consecutive year (2016, 2017 and 2018). BIDV and ADB signed a USD300 million facility agreement to support the development and efficiency of small and medium sized enterprises in Vietnam. This was the largest commercial loan ADB has provided to an Asian commercial bank to date. BIDV has also been named the Best Retail Bank in Vietnam by The Asian Banker for five years running.

Following the direction of the governor of the State Bank of Vietnam, from 10 January 2019 BIDV is launching preferential credit packages to support sectors as prioritized by the Government. The bank also cut lending rate by 0.5% applicable to these sectors.

On the occasion of the Vietnamese Lunar New Year 2019, BIDV donates 40,000 sets of gifts totaling VND20 billion to the disadvantaged people and workers in regions with difficulty nationwide.

BIDV would like to extend its sincere thanks to customers for their trust in and choice of the bank’s services. The bank is committed to further improving its service quality, applying modern banking technology to better meet the needs of customers.

For further information please contact:

Branding and Public Relations Department

Bank for Investment and Development of Vietnam JSC

Tel: (+84)24.22205256; 19009247