Prime Minister Nguyen Xuan Phuc (first, right) presents the Labour Order, first class, to BIDV (Photo: VNA) Speakingat a ceremony in Hanoi on April 15 to mark the bank’s 60th foundinganniversary, the PM said that BIDV must consider the assistance as an internationalmission, helping speed up Vietnam’s global integration and enhance the country’sprestige in the region and the world, initially in Laos, Cambodia and Russia.
The ceremony was attended by former Party General Secretary Le Kha Phieu,former National Assembly Chairman Nguyen Sinh Hung, and Lao National AssemblyChairwoman Pany Yathotou, among others.
Heurged the bank to actively and effectively engage in the reform of creditinstitutions, whose focus is settling bad debts and banks with poor performance,in the role as the largest joint stock commercial bank in the country.
Atthe same time, the bank should continue renovating and improving its financialmanagement, operational effectiveness and competitiveness, thus entering thelist of top 25 largest commercial banks in ASEAN.
Learningthat BIDV’s current charter capital of about 1.5 billion USD is lower than thatof many regional banks, he asked the bank to increase its financial capacity andtake it as a priority task.
Alongwith making the best use of information technology to take advantage of thefourth industrial revolution, BIDV should improve its management and governancecapacity towards international standards, while simplifying procedures toenable capital access for lenders, he asked.
BIDVwas also requested to ensure a capital source for socio-economic developmentprogrammes as well as major national projects and prioritized sectors such asagriculture, high tech industries, export, support industry, while supportingstartups and small and medium-sized enterprises.
Asone of the oldest credit institutions of Vietnam, BIDV’s initial missionsinclude providing capital to national projects serving the national recoveryand construction.
Thebank’s asset has mounted to 1 quadrillion VND, with over 1,000 branches andtransaction offices with over 25,000 employees. Annually, the bank contributes5 trillion VND to the State budget. It has become the first bank to investabroad in six countries, including Laos and Cambodia.
Atthe ceremony, Prime Minister Nguyen Xuan Phuc presented the Labour Order, firstclass, to the bank.
Onthe occasion, BIDV was honoured with Laos’s Independence Order, first class,and Cambodia’s Monisaraphon Medal, Moha Seruivanth class.-VNA
Onthe occasion, BIDV was honoured with Laos’s Independence Order, first class,and Cambodia’s Monisaraphon Medal, Moha Seruivanth class.-VNA
VNA
