On November 10th 2014, in Yangon, Myanmar, on the basis of approval of the Central Bank of Myanmar, Bank for Investment and Development of Vietnam (BIDV) organized a conference on International banking profession.

The conference contains 35 representatives including directors of relevant General Administration of the Central Bank of Myanmar and experts, officials who work in international banking profession from 15 leading commercial banks in Myanmar. For BIDV’s side, there were Mr. Quach Hung Hiep – Deputy President of BIDV, Head of BIDV’s representative office in Myanmar and other BIDV’s leading experts on international banking and commercial loan – who have experience from 12 years to 20 years and be awarded Certified Documentary Credit Specialist (CDCS) by International Financial Services Association - IFSA / IFS School of Finance in cooperation with International Chamber of Commerce (ICC).

​On the background and trend of international economic integration that is wide and specific day by day, international banking profession more and more plays an important role in transaction business and benefits of each bank. Therefore, the conference focus on exchanging and sharing experiences, international common practice and last updated information of international payment methods, risks in international commerce, and materials of URC522, UCP600 and ISBP745… published by International Chamber of Commerce and ICC Banking Commission. Those subjects are specially concerned by commercial banks of Myanmar recently.

Representatives from the Central bank and other commercial banks of Myanmar evaluated highly content, quality and BIDV’s profession in organizing the conference. BIDV also wants similar events to be organized regularly and frequently, thereby contribution to more strengthening relations between the two countries in general and between commercial banks in the two countries in particular.

Information and activities of BIDV in Myanmar

BIDV a leading financial institution in Vietnam, who has various transaction business, healthy finance and meets international standards. It is a leading bank in implementing economic development policies of Vietnamese government, and it is proactive to provide loan to many projects of economic development, building infrastructure and essential sectors of Vietnam economy. BIDV was established in 1957 and officially in an IPO in May 2012 to become a joint stock commercial bank.

According with a financial report announced on September 30th 2014, BIDV’s assets total of more than VND 599,000 billions (equivalence to about USD 29 billions). BIDV has a  business network of 127 branches, 600 transaction offices and savings funds nationwide. BIDV also provides correspondent banking service with 1,700 leading financial institutions of the world, serves more than 200,000 organizations and 6 millions of individuals. The bank that has almost 19,000 officers and financial consultants currently provides various financial services to customers both in Vietnam and abroad.

In 2014, BIDV is the continuously 18th time of international audit, 8th time of being ranked by the international credit rating organization Moody’s, and 4th time of being ranked by the international rating organization Standard and Poor’s. The results indicate that BIDV’s business are public, transparency, secure and toward common practice. The confidence indices are continuously maintained “stable” outlook.

With its role of a leading financial institution in Vietnam, BIDV has developed not only domestic transaction business but also being in the vanguard of promotion of investment activities abroad, thereby enhancing its transaction business in the international market and reputation, affirming its capacity and image, as well as contribution to that the bank is concomitant and support effectively international and domestic enterprises. BIDV enhanced and operated successfully in Laos, Cambodia, Czech…

That organization of this conference on International banking profession in Yangon is a part of BIDV’s general commitment framework for supporting bank system development of Myanmar and more promoting cooperation in economy, commerce and investment of enterprises in the both Myanmar and Vietnam. Accordingly, as the first commercial bank of Vietnam opening a representative office in Myanmar in 2010 and the chairman of Association of Vietnamese Investors in Myanmar (AVIM), in last years BIDV has had many active activities of developing through and effective payment procedure; promoting investment and providing banking service package for Vietnamese Investors in Myanmar; developing correspondent banks and implementing technical support programmes, sharing experience, training banking and IT profession for banks in Myanmar, especially implementing activities of social security with sponsorship and donation total of USD 2 millions from BIDV and other enterprises…

Further information, please contact:

Mr. Tran Tien Dong

Head of BIDV’s representative office in Myanmar

Address: No.629/631 Pyay Road, Kamayut Township, Yangon, Myanmar

Tel: 0095-1-505400/1503603/1534439

E-mail: dongtt@bidv.com.vn; trantiendong@gmail.com