On 21/12/2011, at the Office of the State President, the Bank for Investment and Development of Vietnam (BIDV) and the China Development Bank (CDB) signed the Letter of commitment for the 200-million USD loan with 5-year maturity. The signing ceremony was attended by the senior leaders of two countries, i.e. Mr. Le Hong Anh, Member of the Politburo, Permanent member of the Secretariat of the Party Central Committee, Ms. Nguyen Thi Doan, Deputy State President on behalf of Vietnam and Mr. Xi Jin Ping, Deputy State President, Representatives of the Ministry of Foreign Affairs and the Ministry of Trade of China on behalf of China.

According to the representative of BIDV, because the provisions of the credit agreement were agreed upon, right after signing the Commitment, both parties fixed the agreement signing time in the morning of 22/12/2011.

The 200-million USD loan with 5-year maturity from CDB is used for BIDV to finance power, telecommunication, agricultural, transport, light industry and construction materials projects of Vietnam. In 2010, CDB granted to BIDV a 100-million USD loan with 3-year maturity.

In the context where global credit in general and domestic credit in particular, financial institutions are narrowed, especially medium-term and long-term credit, the above credit has shown the confidence of CDB in the financial capacity and prestige of BIDV. The loan will contribute to supplementing the medium-term and long-term capital remarkably and improving capital maturity structure of BIDV.

Over the past time, BIDV has always complied with the regulations on interest rate and exchange rate operation by the State Bank of Vietnam, safety assurance rates. In particular, on 30/11/2011, the Prime Minister issued the Decision No. 2124/QD-TTg approving the BIDV equitization plan. This is an important strategic step in the efforts to establishing BIDV as a multi-owned Financial - Banking Group operating under the international practice, leading quality and efficiency in the financial institutions in Vietnam. On 30/11/2011, total assets of BIDV achieved 403,000 billion VND; Mobilized capital achieved 274,000 billion VND; Credit gained 268,200 billion VND, Pre-tax profit gained 4,100 billion VND; CAR achieved 10% under the regulations by the State Bank of Vietnam.

For further information, please contact:

Branding and Public Relations Division

Bank for Investment and Development of Vietnam

Tel: 04. 22205256; Fax: 04. 22225316