In 2024, with the action motto “Streamlining processes - Transforming operations”, BIDV affirmed its position as a leading financial institution in Vietnam with key highlights.

Effectively implementing monetary policy

BIDV strictly implemented monetary policies and directions from the Government and the State Bank of Vietnam. The bank’s efforts have contributed to stabilizing the macro economy and the development of various industries and localities.

The bank successfully organized the Working Program between the State Bank of Vietnam’s leadership and BIDV's key leaders, fostering motivation for the entire system to fulfill business goals and make greater contributions to the nation’s development.

BIDV proactively deployed solutions to remove difficulties, support customers to resume and grow their production and business activities. Key initiatives included: Lowering lending rates for nearly 400,000 customers; Restructuring debt repayment terms and maintaining debt groups according to Circular 02 and Circular 06, with restructured loans amounting to nearly VND10 trillion (USD400 million); Implementing a preferential credit program to assist customers affected by Typhoon Yagi; etc. In total, BIDV has reduced its income by over VND8,000 billion (USD320 million) to share difficulties faced by its customers.

Impressive business results

By the end of 2024, BIDV’s total assets surpassed VND2.6 quadrillion (USD104 billion), maintaining the position as the largest commercial bank in Vietnam. Outstanding loans reached nearly VND2 quadrillion (USD80 billion), growing by 14 percent, leading the market. Capital mobilization aligned with credit growth, achieving more than VND2.1 quadrillion (USD84 billion), up 12 percent, leading the market. Consolidated pre-tax profit reached VND30,350 billion (USD1.2 billion), growing by over 10 percent. Non-performing loan ratio according to Circular 11/2023/TT-NHNN has been controlled at below 1.4 percent, in line with the orientation target of the State Bank Owners’ equity reached VND143 trillion (USD5.7 billion), up 16 percent. Share value increased by 8.7 percent with market capitalization reaching USD10.5 billion, ranking second in the market.

BIDV continued to be among Vietnam's largest corporate income taxpayers. 

Comprehensive transformation in business operations

With the implementation of key programs such as: Retail Banking Transformation (RBT), Customer Relationship Management (CRM), Supply Chain Finance (SCF) project, etc., BIDV's retail and corporate banking operations have made significant progress.

BIDV continued to strengthen cooperation with nearly 500,000 corporate customers, leading the market in terms of corporate and SME customer base; scale and market share of corporate loans, maintaining the position as a leading partner for domestic and international financial institutions and multilateral organizations.

The FDI customer segment grew at the highest rate in the market, successfully organizing many working programs, cooperating with many FDI customers both domestic and international.

With the number of individual customers reaching nearly 22 million, BIDV continued to maintain its leading position in the market, with the scale of retail operations growing significantly in 2024, reaching important milestones in retail deposits and credit; especially the scale of retail capital mobilization exceeded VND1 quadrillion (USD40 billion).

Breakthrough digital transformation

BIDV continued to promote and implement many breakthrough IT projects and programs such as bankwide digital management transformation system (B.One); iBank 2 project; BIDV Open API system; Private Cloud system; Retail loan origination system (RLOS); Cash and vaults management application and upgrading of centralized cash management program to digitize documents (B-Cash), etc. Many major projects have been entirely developed by BIDV.

Many outstanding digital banking products have been provided to customers such as Apple Pay application, biometric transaction authentication function for individual customers; electronic bid guarantee service, new Open API feature for corporate customers.

Successfully organizing the Hack the Idea contest, spreading the spirit of creativity in digital transformation across the system; Building a unique house of ideas about technology and digital transformation, developed into 5 IT solutions that promise to bring great practical value to BIDV.

Pioneering ESG initiatives

Finalizing a Steering Committee and Project Management Unit for building and implementing a sustainable development strategy and overall ESG practices at BIDV; Implementing the Consulting Project for building a sustainable development strategy and overall ESG practices.

Coordinating with ADB to present the results of the technical assistance project on consulting on green banking operations; Issuing a sustainable bond framework; Signing a Credit Agreement for a Climate Credit Line worth EUR50 million with the French Development Agency (AFD); Launching many sustainable financial products such as Green Credit, Green Deposit, Green Bond, Sustainable Bond, Sustainability Linked Loan, etc. Successfully issuing VND3,000 billion of green bonds; successfully mobilizing VND5,000 billion of green deposits; implementing VND10 trillion Green Construction package.

Successfully organizing the "Green Bank for a Green Life" contest, with participation from 22 trade union organizations under the Vietnam Banking Trade Union. The BIDV team affirmed its capacity, stance and won the First Prize of the Contest.