On 9 April, BIDV and Viettel signed an MoU on comprehensive cooperation for the period 2019 – 2023, aiming to provide customers with the best benefits when using the products and services of both parties.

To ensure comprehensive and effective cooperation, the two sides agreed to immediately implement some of the contents, focusing on their respective strengths.

Under the terms of the agreement, BIDV has committed to provide modern banking and financial products to Viettel and its subsidiaries. The bank will also support customers who are using Viettel’s services to pay fees through its various distribution channels including transaction counters, ATMs, internet banking and BUDV SmartBanking. In addition, Viettel will use BIDV ibanking services such as online account inquiry, cash flow management and digital signature documents.

Meanwhile, as a telecom giant owning the country’s largest and safest data centre, Viettel will provide BIDV with information infrastructure, data storage, and domestic and international data transmission services. Viettel will also coordinate to deploy BIDV services to households and individuals thanks to Viettel's extensive network

In particular, BIDV and Viettel will coordinate to provide financial and banking services through ViettelPay –a digital platform developed by Viettel.

BIDV has accompanied Viettel throughout its development process, meeting the company's demand for credit, capital and financial services. The bank has funded a number of important projects for the group, including a deposit for participation in several 3G projects implemented by the Ministry of Information and Communications, GSM and 3G technology mobile network expansion in Cambodia; and projects in Cameroon, Tanzania and Myanmar. In addition, the demand for short-term loans from Viettel and its members has consistently been met by BIDV in a timely manner since 2007.

According to Mr. Phan Duc Tu, BIDV chairman, the MoU signing marks an important step in the strategic cooperation between Viettel and BIDV, affirming the companionship of major businesses in an effort to promote economic development.