As of 30 June 2018, BIDV basically completed its business targets as approved by the General Meeting of Shareholders 2018 which laid solid foundations for the bank to fulfil the year’s plan, particularly:

As of 30 June, the bank’s total assets reached VND1.268 quadrillion, up 5.5 percent from the beginning of the year, maintaining the leading position among banks in Vietnam.

Outstanding loans reached VND957 trillion, growing 7 percent over the beginning of the year. BIDV actively deployed the Government Resolutions 19 and 35 on supporting business development and improving the business environment. The bank reduced interest rate by 0.5 percent compared to the State Bank’s ceiling rate (6.5 percent) for priority sectors. BIDV will also render efforts to control expense in order to reduce lending rate for customers.

The bank’s credit structure shifted into the retail segment, small and medium enterprises, hi-tech, agriculture enterprises, importers and exporters. Retail outstanding loans increased by 12.8 percent from the beginning of the year, standing at VND269 trillion, accounting for 29 percent of total outstanding loans. Loans to small and medium enterprises also grew 9.7 percent, accounting for 24.3 percent of the total.

The bank also controlled well credit quality with the non-performing loan ratio of 1.49 percent, down from 1.62 percent at the beginning of the year.

Mobilised capital grew well, reaching VND1,185 trillion, of which capital mobilized from organizations and residents reached VND1,027 trillion.

In the first six months of the year, the bank’s consolidated pre-tax profit hit VND5,037 billion, increasing 36.4 percent year-on-year. BIDV’s net service income reached VND1,721 billion, adding 22 percent year-on-year. The net income from forex trading hit VND437 billion, up 44 percent year-on-year. Prudential ratios all meet the regulatory requirements

The bank’s owner’s equity increased by VND4,263 billion in the first half of this year, reaching VND53,097 billion. Its charter capital hit VND34,187 billion. The bank is actively negotiating with domestic and foreign partners that demand to invest in BIDV as strategic investors and financial investors.

BIDV is determined to achieve 75-80 percent of the year plan in the third quarter, creating solid foundations for fulfilling the objectives of the business plan.