BIDV will provide comprehensive products and services for Vietnam General Confederation of Labour, promoting union fee collection service.

On 15 December 2022, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Vietnam General Confederation of Labour (VGCL) signed a memorandum of cooperation. The signing ceremony was witnessed by Mr. Nguyen Dinh Khang - Member of the Party Central Committee, Chairman of the Vietnam General Confederation of Labour, and representatives of provincial and municipal labor confederations; Mr. Phan Duc Tu - Chairman of BIDV's Board of Directors, other leaders of the bank.

Under the memorandum of cooperation, BIDV will provide comprehensive banking products and services to the Vietnam General Confederation of Labour, especially the service of collecting trade union fees. BIDV will provide flexible and easy-to-use and high-tech solutions and applications for union fee payers; ensuring the transfer of trade union fees at all levels quickly, conveniently, securely and effectively.

Representatives of BIDV and Vietnam General Confederation of Labour sign the memorandum of cooperation in Hanoi, Vietnam

BIDV and the general confederation of labor also agreed to implement a variety of activities for mutual benefits such as collection and transfer of union fees; exploiting and deploying BIDV's banking services to trade union members at all levels; provision of financial resources; provision of preferential products and services for trade union members; implementation of social activities; and coordination in information and communication work.

Mr. Nguyen Dinh Khang, Chairman of the Vietnam General Confederation of Labour, said: “The Vietnam General Confederation of Confederation of Labour hopes that, in the new situation, the cooperation program with BIDV will be deployed in the spirit of strong innovation, further improving the quality, depth and coordination method between the two units. The signing ceremony today marks a new start in the close cooperation between the Vietnam General Confederation of Labor and BIDV in the coming period".

Addressing the signing ceremony, Mr. Phan Duc Tu - Chairman of BIDV's Board of Directors, affirmed: “The Vietnam General Confederation of Labour is the regulator of BIDV’s Trade Union and is also our special important customer. BIDV wishes to serve Vietnam trade union members with all responsibility and best affection. As a pioneer in digital transformation, boasting a network of 189 branches and more than 1,000 transaction points across the country and professional staff forces, BIDV is committed to bringing the best benefits and utilities to trade unions at all levels and union members nationwide when using BIDV's products and services”.

The signing ceremony between BIDV and the Vietnam General Confederation of Labour marks a new phase in the partnership between the two, laying solid foundations for the two to achieve greater success in the future.