On 16 December 2018, within the framework of the national "Youth Creation" 2018 award ceremony in Hanoi, BIDV Youth Union’s project named "Standardization solution for FATCA declaration and customer information enrichment in BIDV Core Banking system" is one among 28 projects to be honored.

The national "Youth Creation" is the award by Ho Chi Minh Communist Youth Union Central Committee to honor young individuals and teams whose innovative works and products are applied in learning, working and production.

The award aims at enhancing the potential and creativity of Vietnamese youth, promoting innovative ideas, patents, scientific researches and technical improvements, streamlining production processes, reforming administrative procedures, mastering and applying modern science and technology ... In 2018, the Organizing Committee received 255 nominations out of 57 youth unions of provinces, cities... Based on the nomination dossiers, the Assessment Panel selected to award 28 outstanding innovative works and products.

Being the only project in the banking sector to receive the "Youth Creation" award 2018 nationwide, "Standardization solution for FATCA declaration and customer information enrichment in BIDV Core Banking system" project by members of BIDV’s MIS.ALCO Department and IT Center has demonstrated the creativity, passion, enthusiasm, responsibility and determination of BIDV’s Youth Union members in applied scientific research to increase labor productivity, quality and efficiency.

In the coming time, BIDV’s Youth Union members will continue to promote creativity and master modern technology, contributing to increase labor productivity and taking pioneering position in emulation and innovation movements in order to launch more and more effective projects and solutions, contributing to the development of BIDV in particular and the banking industry in general.