JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is one of Vietnam’s most significant financial institutions, playing a vital role in the country’s banking and investment sectors. With total assets reaching USD 94.53 billion as of 2023, BIDV continues to expand its market influence, providing comprehensive financial services to businesses and individuals. As a state-owned bank, it maintains strong government backing, with the State Bank of Vietnam holding an 80.99% stake, ensuring stability and trust among its customers.

Financial Data & The Performance

BIDV has demonstrated impressive financial growth, with total assets increasing from USD 72.37 billion in 2021 to USD 94.53 billion in 2023, reflecting an 8.5% year-on-year increase in 2023. The bank’s net profit surged by 19.78% in 2023, reaching USD 902.89 million, while owner's equity grew by 18.62% to USD 4.84 billion.

Despite a slower increase in interest income (0.31% YoY in 2023) compared to previous years, BIDV maintains a strong financial position with its diversified revenue streams, including loans, investments, and treasury operations.

Comprehensive Banking Services

BIDV provides an extensive range of banking and financial services, including:

• Capital Mobilization: Accepting short-term, medium-term, and long-term deposits from individuals and institutions.
• Lending Services: Offering credit solutions for businesses and personal customers.
• Treasury & Payment Services: Providing domestic and international payment services, forex trading, and investment in bonds.
• Investment Activities: Contributing capital, acquiring shares, and participating in monetary intermediation under legal regulations.

With over 29,000 employees and a well-established presence across Vietnam, BIDV serves a diverse customer base, from corporate clients to individual account holders.

Risk Management: Strengthening Financial Stability

Risk management is a critical component of BIDV’s banking strategy, given its USD 71.37 billion in loans and advances to customers. The bank actively monitors credit risk, market fluctuations, and investment portfolios to ensure financial security. However, external Risk Management solutions, such as those provided by Vanbizinfo, can further strengthen BIDV’s ability to evaluate potential business risks, improve credit risk analysis, and mitigate financial uncertainties.

Leveraging Financial Data for Strategic Decision-Making

BIDV relies on Financial Data to assess market conditions, evaluate investment opportunities, and optimize lending strategies. The ability to access accurate, real-time financial insights is crucial for maintaining its competitive edge. Vanbizinfo’s Financial Data solutions can provide enhanced analytics and risk assessment tools, helping BIDV refine its credit scoring models, financial forecasting, and decision-making processes.

Shareholding Structure & Market Position

BIDV is a publicly traded company, listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker symbol BID. The bank’s ownership structure includes:

• State Bank of Vietnam – 80.99%
• KEB Hana Bank (South Korea) – 15%
• Other shareholders – 4.01%

This strategic partnership with KEB Hana Bank strengthens BIDV’s international banking capabilities, particularly in foreign exchange and cross-border financial services.

As one of Vietnam’s largest commercial banks, BIDV continues to grow its financial strength while prioritizing risk management and financial data utilization. Suppose the bank is integrated with advanced risk management strategies and is leveraging financial data solutions from Vanguard Business Information LLC. In that case, BIDV can enhance its decision-making capabilities and ensure long-term sustainability in Vietnam’s evolving banking landscape.