BIDV Review 64 - September 2020

A Newsletter of Bank for Investment and Development of Vietnam JSC • Issue No.64 | Sep 2020

BIDV pioneers

in using blockchain

for trade finance

Interest rate cuts and impact on banks

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BIDV headquarters seen from Hoan Kiem Lake, Hanoi

ABOUT BIDV Founded in 1957, BIDV is the largest commercial bank in Vietnam by assets and charter capital. The bank boasts subsidiaries in finance, banking, securities and insurance. It has a wide network of more than 1,060 branches and transaction offices as well as commercial presences in six countries and territories. BIDV stock (BID) is listed on Ho Chi Minh City Stock Exchange (HOSE). For more information, please visit www.bidv.com.vn.

EXECUTIVE PRODUCER TRAN PHUONG Bank for Investment and Development of Vietnam JSC

Senior Executive Vice President EDITORIAL BOARD Branding and Communication department HEAD OFFICE: BIDV Tower, 35 Hang Voi str., Hoan Kiem dist., Hanoi, Vietnam Tel: (+84) 24 22205544 Fax: (+84) 24 22225316 Contact center: 19009247 Email: bidvreview@bidv.com.vn License No.15/GP-XBBT dated 27 February 2020 by the Ministry of Information and Communications Printed at Vietnam Book Printing Joint Stock Company

Editor’s Letter

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Dear readers, e have passed three-thirds of the year and BIDV has continued to render efforts to do business amid the challenging Covid-19 time. In this issue, we provide you with some key news on BIDV’s business activities as well as views of experts on the Vietnamese economy and banking sector.

With the economy facing many difficulties due to the pandemic, interest rate reduction is considered an effective measure to support businesses and households, contributing to economic recovery. However, sharp cuts in interest rates can negatively affect the economy and the banking system. In this issue we delve deeper into exactly how it impacts them.

This month we had a great opportunity to talk with Mr. Yoo Je Bong, member of BIDV’s board of directors. He shared his impressions of Vietnam and BIDV as well as the plans for cooperation between BIDV and Hana Bank. In this publication, we translated some news into Korean as part of our efforts in diversifying the publication.

Good news comes in the form of BIDV becoming the first Vietnamese bank to successfully apply blockchain technology in issuing a Letter of Credit (LC) to another advising bank with the successful completion of the first cross-bank LC

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transaction between Vietnam and Thailand. It also marks the successful completion of ADB’s first credit guarantee using distributed ledger technology (DLT) conducted on Contour.

During the month, BIDV and KBIZ-VN signed an MOU on comprehensive cooperation. The agreement opens up potential cooperation opportunities between Vietnam’s leading commercial bank with more than 2000 members of the Korea Federation of Small and Medium Enterprises – Vietnam Office (KBIZ-VN).

New regulations on corporate bond issuance and information disclosure prior to bond issuance shall take effect this month. These include the government’s Decree 81/2020/ND-CP dated 9 July amending a number of articles in Decree 163/2018/ND-CP on the issuance of corporate bonds, and The Ministry of Finance’s Circular 77/2020/TT-BTC guiding the implementation of Decree 81/2020/ND-CP, particularly provisions on information disclosure before the issue of corporate bonds.

September brings incredible scenes of natural beauty to the northwestern region, when the forests, mountains and terraced rice fields are carpeted in brilliant yellow. This issue we discover the charm of the terraces in the rice harvest season.

contents

BIDV HIGHLIGHTS

MARKET MOVEMENTS

03. BIDV named Best SME Bank in Vietnam 04. Tapping advantages to bolster growth 07. BIDV and KBIZ-VN sign MOU on comprehensive

20. Vietnam’s economy remains resilient despite Covid-19 challenges

cooperation

POLICY UPDATE

08. Banking solution for enterprises in Industry 4.0 10. BIDV pioneers in using blockchain for trade finance

22. New regulations effective this September Products & Services

23. Banking while chatting LIFESTYLE

24. Fields of yellow in northern Vietnam

12. Helping SMEs overcome challenges and seize opportunities 13. BIDV continues to lower lending rates to support individuals INSIGHTS

14. Interest rate cuts: impact on commercial banks

26. Melbourne in Autumn CSR

28. Lifesaver backpacks protect students in river areas BIDV 리뷰

29 뉴스

16. Strengthening risk management in banking during Covid-19 PARTNERS

18. A.M. Best continues to affirm BIC’s financial rating at B++ 19. For the One Goal - Happiness for All

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B I D V r eview

BIDV Highlights

X uan Vuong

BIDV named Best SME Bank in Vietnam BIDV has been honoured as "Best SME Bank in Vietnam” for the third consecutive year

by Alpha Southeast Asia thanks to its outstanding results in the SME segment,

In 2019, BIDV issued regulations of the Environmental and Social Management System (ESMS) to meet ADB standards and developed technical assistance to improve lending efficiency. BIDV is the only Vietnamese bank to issue a credit program of up to VND7,000 billion (USD302 million) offering preferential lending rates to support the sustainable development of businesses.

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he “Best SME Bank Vietnam” award is part of the 14th Best Financial Institutions Awards in ASEAN organised

by Alpha Southeast Asia and voted for by independent experts. The event saw the attendance of BIDV and other leading financial institutions and banks in the region such as DBS, Maybank, OCBC, CIMB, Public Bank Malaysia, RHB Investment Bank, Hong Leong, Siam Commercial Bank and Bangkok Bank, amongst others.

By the end of 2019, BIDV was the largest commercial bank in Vietnam with total assets of over VND1,400 billion (USD60.3 million). Having the highest total assets and a wide network of operations in Vietnam, BIDV has thrived in terms of size and efficiency

In 2020, in response to the impact of Covid-19 on the entire economy, BIDV has committed to accompanying businesses with practical and timely support via programs such as reducing lending rates, offering loan packages, and providing partial or full waiver of fees via digital banking services.

of SME banking operations with more than 289,000 customers, accounting for 39 percent of the total number of SMEs in Vietnam, and seeing growth of 10 percent compared with 2018.

During the past years while it has held the leading position in Vietnam, BIDV has provided exceptional solutions to support SMEs.

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Alpha Southeast Asia is a prestigious publication focusing on the Asian financial sector, with wide audiences from financial institutions around the globe and professional investors in Hong Kong, Singapore, the USA, Europe and the Middle East.

The award is recognition of BIDV’s excellent results in accompanying SMEs and supporting their development.

BIDV Highlights

Thu Hien

Tapping advantages to bolster growth Relations between Vietnam and Korea are flourishing. In your opinion, what does BIDV need to do to effectively attract and retain Korean customers?

And could you tell us how the cooperation between BIDV and Hana is achieving this?

Vietnam will continue to be a very important country to Korea. In the future, cooperation between Hana Bank and BIDV should proceed in three aspects: industry, tourism, and HR exchange.

Mr. Yoo Je Bong

BIDV board of directors member Mr. Yoo Je Bong talks to BIDV Review about his impressions of Vietnam and BIDV as well as the plans for cooperation between BIDV and Hana Bank.

Prior to joining BIDV, had you visited Vietnam? And what were your first impressions of the country and its people?

Before starting the project with BIDV in 2017, I had been to Vietnam several times on business trips. My first impressions of Vietnam were that the country has infinite development potential.

Compared to Vietnam's endless potential for development, there are many differences in its current form.

However, I think this difference can be filled in faster than expected. I also think Vietnam will change more in the future. As the national GDP increases, the appearance of cities will change a lot. As there are many opportunities for this change, I think it will be a happy time for you.

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First, in the industrial sector, at head office BIDV started to develop marketing plans and strategies aimed at Korean business customers and will soon deploy to its branches. Second, in terms of tourism, BIDV needs to create specialized product/service programs for many Korean tourists. Third and most important is HR exchange. HR exchange will take place in many fields in the future. Establishing a human resources exchange system and making it work smoothly is the challenge that we need to solve.

In addition, given the different cultures of the two countries, in order to successfully exploit this customer segment I think we should put customer satisfaction at the center of our work and allow this to determine the implementation process.

After nearly one year with BIDV, what are your thoughts about the bank, the working environment and the corporate culture?

You said it was 1 year, but personally, it is not 1 year, but it seems to be

BIDV Highlights

about 3 years. This is because we have been working on becoming a shareholder of BIDV from April 2017.

And almost a year has passed since Hana Bank officially bought stock in November last year.

In my opinion, the working environment at BIDV’s head office is the best in Hanoi. When I say that I work at the BIDV headquarters in Hoan Kiem, many Koreans envy me a lot. This is because the surrounding scenery is nice, the working environment is comfortable, and the work place is the center of Hanoi.

Regarding corporate culture, compared to Korean banks BIDV has a younger and more dynamic staff force which lays solid foundations for the bank to grow rapidly. However, this is also a challenge because a team of young, inexperienced employees requires a good leader to be able to build a strong organization.

What are the similarities and differences between BIDV and Hana Bank in terms of the working environment and what does BIDV need to improve in order to build a professional working environment?

The largest bank in Vietnam, BIDV is an organization with many strengths.

I think that BIDV basically has a big frame of 'hardware' for growth.

However, I think that BIDV should develop more 'software'. The global trend is that financial companies are turning into IT ones. In line with this trend, BIDV needs to leap to a company with a high-quality IT infrastructure system. Because BIDV employees are younger, I expect them to be better

Mr. Yoo Je Bong, Mr. Kim Jung Tai - chairman of Hana Financial Group in a photo with H.E. Mr. Vuong Dinh Hue, Deputy Prime Minister of Vietnam and leaders of the State Bank of Vietnam and BIDV in 2018 in Hanoi

able to adapt to the changing process.

In terms of corporate culture, flexibility should be prioritized. The 4th industrial revolution and digital transformation requires organizations to become more flexible in their corporate culture in order to be effective. To this end, Hana Bank is one step ahead of BIDV. If BIDV eliminates administrative procedures between levels to establish a more flexible institutional system with high consensus, the bank will have greater competitive advantages.

Hana Bank completed the new headquarters building three years ago.

The representative system established when moving into a new office building is the "Free Seating". It is a system where there is no fixed seat for the person. When a person's position

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is determined, it is by nature to take various actions to keep that position.

In addition, in order to stay in place, a person is required to engage in various activities that are not flexible.

As is common with many other IT companies, every morning Hana Bank’s employees coming to the office choose their own seats. To ensure it works, we had to build an iCloud-based storage system. The “Free Seating” system requires each individual to change, starting with the awareness of the urgency of becoming more flexible.

Now our competitors have changed from the traditional financial industry to an IT-based one. To win the game, there is no other way but to be flexible.

I heard that like Hana Bank, many BIDV employees work overtime. Hana Bank

BIDV Highlights

has designated a separate space for those who work overtime. If you need to work overtime, you go to a separate floor and work. This saves electricity by preventing unnecessary power consumption. But more importantly, the concept of overtime is a flexible shift from showing others that you work hard, to choosing yourself based on your needs. As such, Hana Bank implements various systems to secure organizational flexibility.

about setting personal goals and growing. In the future, the financial environment in Vietnam is expected to turn into open and free competition. In a situation where the bank is protected by the state as it is now, all you have to do is stick to the rules and do things well within that framework. But in a future financial environment where the scope of competition will expand and change rapidly, what do we need to prepare to become a competitive banker?

You recently lectured at BIDV's 9th Future Leaders training course. What would you say about the capacity and potential of the bank’s future leaders?

The first is your skills. Skills include the ability to do your job, but also to understand other industries. The second is IT skills. If you understand IT technology better than those who work in IT companies, you will be able to develop your personal skills as well as the advancement of BIDV. The last is foreign language skills. BIDV's scope of work will be gradually expanded not only within Vietnam, but also to nearby regions. Foreign language expertise becomes a very important factor in developing future self-competition.

BIDV employees should consider both IT and language skills as important tools for their own development, and they should strive to improve them.

At Hana Bank, we have similar training courses and it was a great honor for me to lecture at BIDV's 9th Future Leaders course. What surprised me most was the enthusiasm, sincerity and enthusiasm shown by the future leaders of BIDV. They listened attentively and raised many questions related to the differences between the two countries, personal career development, as well as the development of BIDV, among other topics during the three and a half hour lecture.

I was very happy to receive feedback from BIDV Training and Research Institute that the trainees were very satisfied with my lecture.

What are your future plans, both in Vietnam and at BIDV?

Having 32 years’ experience in banking with various positions and expertise, could you tell us some of your ideas for how BIDV’s young leaders can develop more in the future?

BIDV is the best bank in Vietnam. I am confident that BIDV can develop beyond Vietnam to become the best bank on the Indochina peninsula. There are some areas that Hana Bank should help with, and some personal advice as a member of the Board of Directors.

I would like to tell BIDV employees

The first is to further develop

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the core competencies that BIDV currently has. The second is to secure internal competitiveness of BIDV by introducing Hana Bank's products and services for VIP customers and foreign exchange-related trade finance. The third is IT that is emphasized again.

By sharing the numerous errors that Hana Bank experienced in the process of developing the IT system, BIDV will be able to implement the IT system in the most efficient way. The last, BIDV must have a stable profit structure.

The stable profit structure consists of balanced portfolio development, increased non-interest income, and reduced credit costs. Hana Bank intends to help BIDV secure a stable profit structure, and plans to carry out various related tasks in the future.

It seems to be the mission of me and Hana Bank to help develop BIDV through these four sectors.

In November 2019, BIDV officially signed a strategic cooperation agreement with Hana Bank and announced the Korean bank as its foreign strategic shareholder, owning 15 percent of BIDV’s charter capital.

Particularly, BIDV issued over 603.3 million shares as a private placement to Hana Bank with a total value of nearly VND20,300 billion (equivalent to USD875 million).

In December 2019 at BIDV’s Extraordinary General Meeting of Shareholders 2019, Mr. Yoo Je Bong, Deputy President of Hana Financial Group, was elected as a member of BIDV’s Board of Directors for the 2017 2022 term.

BIDV Highlights

Cong Ch ung

Representatives of BIDV and KBIZ-VN pose for a photo after signing the MOU in Hanoi

BIDV and KBIZ-VN sign MOU on comprehensive cooperation The agreement opens up potential cooperation opportunities between Vietnam’s leading commercial bank with more than 2000 members of the Korea Federation of Small and Medium Enterprises – Vietnam Office (KBIZ-VN).

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nder the MOU signed on 17 September in Hanoi, BIDV will facilitate KBIZ-VN to attend events and seminars organised by BIDV, thereby enhancing the opportunity to attract Korean enterprises to perform investment and trading activities in Vietnam. The Vietnamese lender will also introduce its products and services to KBIZ-VN, thereby promoting Korean enterprises that are members or partners of KBIZ-VN and planning to perform investment and business activities in Vietnam. BIDV provides legal advisory services, M&A and matching services with successful enterprises, industrial zones and export processing zones in Vietnam to members and partners of KBIZVN, and cooperates with KBIZ-VN in creating tailor-made banking products and services for current and potential Korean enterprises in Vietnam.

KBIZ-VN will facilitate BIDV to attend events and seminars organised by KBIZVN, introduce and provide consultation for current and potential Korean

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enterprises in Vietnam, as well as members and partners of KBIZ-VN to use products and services provided by BIDV. KBIZ-VN is also cooperating with BIDV to create mixed-service packages (business support services in the areas of beforeinvestment and after-investment and bank guarantee/financing) exclusively for Korean enterprises in Vietnam. The Korean partner will provide information related to activities of KBIZ-VN and other current and potential Korean investors to BIDV. The Korean Federation of SMEs (KBIZ) has 3.55 million SME members around the world. Its office in Vietnam has been joining to connect more than 2000 members out of 8000 Korean enterprises doing business in Vietnam.

Through this cooperation, BIDV and KBIZ–VN expect to contribute to promoting the trade and investment relations between Vietnam and Korea, thereby contributing to the socioeconomic development of the two countries.

BIDV Highlights

Thu Trang

Banking solution for enterprises in Industry 4.0 How do you evaluate the recent changes in corporate behaviour?

According to an EY survey in 2019 carried out in 30 countries, 81 percent of enterprises are investing in technology to enable digital transformation over the next five years.

For banks, their corporate customers are demanding outstanding e-banking experiences, looking towards banks as a one-stop-shop for information, market consultancy, and solutions.

Mr. Tran Long, senior executive vice president, BIDV

With the global impacts of Industry 4.0 exposed, along with the impact of the recent outbreak of Covid-19, enterprises are having to speed up their digital transformation process and many are therefore choosing e-banking products. Mr. Tran Long, senior executive vice president of BIDV, talks to BIDV Review about this trend.

In particular, the outbreak of Covid-19 was the catalyst pushing businesses to digitally transform as a matter of urgency. A survey carried out in the USA shows that businesses would like to have four out seven banking transactions conducted online.

At BIDV, during the social distancing period many businesses registered and used BIDV iBank so they could conduct transactions without visiting an actual bank branch. The average monthly transaction turnover via digital banking in the first half of 2020 soared at 106 percent compared to the same period last year.

What are the benefits of e-banking products like BIDV iBank to businesses?

The benefits of e-banking products are their compatibility with popular operating systems and their customisation on mobile devices such

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as handphones or tablets. Besides internet banking, mobile banking has proved to be a convenient, modern and secure banking solution enabling corporate customers to keep up with their business.

Using BIDV iBank, enterprise customers can effectively manage centralised cash flow and revenues with a ritual account. BIDV iBank also supports customers with money transfers, 24/7 quick money transfers, statement payments and trade finance, amongst others, and connects directly to customers’ accounting systems.

Since 2018, more than 45,000 customers have used BIDV iBank including

BIDV Highlights

In particular, BIDV will implement breakthrough solutions in applying new technologies such as e-KYC number authentication which allows customers to open accounts and conduct transactions without visiting a bank location; and scraping technology and blockchain application in trade finance.

BIDV iBank is a core product in BIDV's ecosystem, fully meeting the increasing demands of customers

Airports Corporation of Vietnam (ACV), Electricity of Vietnam (EVN), Vietnam Posts and Telecommunications Group (Vinaphone), Vingroup, Micro Technology Joint Stock Company, FSI Joint Stock Company, Samo Communication and Technology Joint Stock Company.

online and Homebanking; as well as highly praised products like electronic tax payment, 24/7 electronic customs, and bilateral payment with the State Treasury. In the first half of 2020, the average number of transactions per month via digital banking has increased by 19 percent year-on-year.

Beside BIDV iBank, what are some of the other e-banking solutions that BIDV has proposed to its customers?

Could you share the orientation of BIDV’s product development?

To meet the demand from our customers, BIDV has promoted information technology application in all products and services such as electronic fund collecting, online household bill payment, business

With BIDV iBank, BIDV will provide more functions for financial management which will be integrated with a customer's ERP system, such as host-to-host/firm banking/open API, automation and security enhancement, amongst others.

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BIDV iBank is defined as the core product and foundation for the creation of a technology ecosystem on which to provide a full range of products and services to fully meet the increasing demands of customers.

As a result, businesses will receive more outstanding benefits from BIDV iBank.

BIDV launched BIDV iBank in October 2018. This e-banking product operates on a multi-channel platform including web and mobile devices for corporate clients, financial institutions and other institutional organisations.

BIDV was among 50 businesses to be honoured at the 2019 “Vietnam Digital Award” ceremony in recognition of its successful digital product BIDV iBank. In 2018 BIDV iBank was honoured with a Top 10 Sao Khue award - a prestigious award in Vietnam serving to commend outstanding IT products and services.

BIDV Highlights

K im Ng an

BIDV pioneers in using blockchain for trade finance

ADB’s first credit guarantee using distributed ledger technology (DLT) conducted on Contour.

With the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain BIDV became the first Vietnamese bank to successfully apply blockchain technology in issuing LC to another advising bank.

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he transaction was completed over the Contour network, a blockchain-based open industry platform focused on digitising trade finance, and involved a shipment of plastics from a large corporation (exporter) in Thailand to Opec Plastics (importer) in Vietnam. The transaction was completed through coordination between Standard Chartered Bank Vietnam, Bank for Investment and Development of Vietnam JSC (BIDV), Asian Development Bank (ADB) and Standard Chartered Bank (Thailand).

This is the first trade finance transaction conducted over blockchain in Vietnam with other banks. It also marks the successful completion of

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Compared to the paper-intensive and time-consuming processes involved in the traditional methods of trade finance, by digitising the end to end exchange of information and streamlining the process of LC issuance and confirmation, all trade participants achieved a significant reduction in processing time.

DLT can cut the time, risk, and effort involved in letters of credit for trade transactions. Through DLT, a transaction can happen in real time and is confirmed simultaneously to each participant, replacing face-to-face exchanges of multiple documents over a number of days.

“The coronavirus pandemic underscores the need for the trade finance industry to digitise operations,” said ADB’s Head of Trade and Supply Chain Finance Steven

BIDV Highlights

Beck. “This innovation makes trade more efficient, reduces risk, and lowers barriers to entry for small and medium-sized businesses in developing Asia.”

“The trade finance industry is one of the early adopters of DLT,” said Director of Digital Innovation Sandbox and Architecture at ADB’s Information Technology Department Ozzeir Khan.

“We are seeing trade networks using this technology to increase trade volumes and reduce complexity.”

Mr. Nirukt Sapru, CEO, Vietnam and ASEAN & South Asia Cluster Markets, Standard Chartered Bank, said: “We are delighted to be part of this landmark transaction, which marks a remarkable milestone in the digitisation of documentary trade finance. As trade is an important area of Vietnam's economy, innovative solutions like Contour that can optimise cross-border transactions will enable businesses to make the most of the trading opportunities. Given

our broad international network and best-in-class digital capabilities, we are in a favourable position to facilitate cross-border traders and will continue to leverage these unrivalled strengths to support our clients as they seek to realise their growth ambitions.”

Mr. Le Trung Thanh, senior vice executive president of BIDV, said: “BIDV’s successful execution of the first cross-bank letter of credit using blockchain technology is one of our many attempts to digitise banking practices, which is also our key strategy. BIDV is always a pioneer in digitising financial and trade transactions towards global commercialisation, service diversification and customer service.”

With these positive impacts, blockchain technology has been strongly applied in many areas to promote global trade, including trade finance at banks. The initial successful completion of the LC transaction conducted over blockchain is a significant driver for BIDV to boost

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the digitalisation of trade finance transactions in order to further improve customer service quality.

In September 2019, BIDV kicked off a project on the procurement and implementation of trade finance software. This was one of the key projects in the bank’s digital transformation roadmap. The new trade finance system was expected to help BIDV improve its operational efficiency and competitiveness through quick response to changes in customers' needs for trade finance services. The new system will also speed up development and allow changes to be made to the existing trade finance products in order to make new tailored ones.

In recent years, within the framework of ADB’s Trade Finance Program (TFP), BIDV was honoured with a number of ADB’s prestigious awards including Leading Partner Bank in Vietnam and Best SME deal.

BIDV Highlights

Huy en Truc

Helping SMEs overcome challenges and seize opportunities of businesses, such as launching high-tech multi-utility payment products. Besides non-cash payment solutions, BIDV provides SMEs with a comprehensive financial ecosystem including electronic payment for tax, online bill payment, money transfer, cash flow management, collection and e-merchant services. BIDV iBank for SMEs has been implemented with positive results, inspiring the SME community. The service helps them actively conduct transactions, digitalise their operations, reduce transaction times and increase operational efficiency. By the end of August this year, BIDV’s SME customers using iBank had risen to 40,000 and the total transaction value had reached VND633 trillion (USD27.3 billion).

This year BIDV has implemented a series of preferential lending policies for SMEs to support them in sustaining and growing their business activities.

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n response to the direction of the government and the State Bank of Vietnam on reducing lending interest rates to support enterprises in overcoming difficulties, contributing to the post-Covid production and business recovery, in the third quarter of 2020 BIDV launched a preferential short-term credit package for existing customers totalling VND50 trillion (USD2.15 billion) and a short-term credit package for SMEs in the export business with scale of USD100 million, increasing the total scale of credit

packages for SMEs in 2020 to over VND100 trillion (USD4.3 billion).

In particular, BIDV has promptly implemented solutions to remove difficulties for SMEs affected by Covid-19, such as implementing a credit package with a favourable lending interest rate on average 2 percent per annum lower than for normal ones, restructuring debt while maintaining debt classification, lowering interest rates of existing loans and granting new loans at preferential interest rates.

SMEs are being facilitated to access preferential loans and appropriate credit policies that contribute to restructuring operations, thereby accelerating their business activities in order to overcome challenges.

BIDV has also deployed breakthrough solutions to improve the health

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The Online Loan Registration Program for SMEs is a useful digital solution which helps SMEs access bank loans promptly and quickly, especially those who lack experience in preparing loan documents. SMEs can proactively declare information about borrowing demand, saving time and transaction costs. They are also advised and guided in the way of preparing lending documents from BIDV. With the slogan "Share opportunities, share success", BIDV continuously accompanies SMEs to overcome difficulties and seize opportunities in their business activities. BIDV's efforts have been recognised and highly appreciated by reputable domestic and international organisations.

BIDV Highlights

Va n Trang

BIDV continues to lower lending rates to support individuals production and business, timely removing barriers for customers to access capital, supporting economic development, ensuring living conditions and joining the community to overcome the pandemic. With the reduction of lending rates by 0.5 percent per annum, the most attractive loan package promises to help individual customers across the country easily access capital, deploy production and business plans.

BIDV has actively launched a number of credit packages aiming to help customers overcome difficulties caused

by Covid-19.

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n 28 August, BIDV announced it would offer reduced lending interest rates for individual customers through the package "Connecting to reach further" totalling VND30,000 billion (USD1.3 billion).

Customers participating in the VND30,000 billion loan package can enjoy low interest rates from only

5.5 percent per annum for loans with terms less than six months or from 6 percent p.a. for terms from six to 12 months. The program applies to new disbursements from 28 August 2020.

On 14 September, BIDV continued to reduce lending rates by 0.5 percent for this customer segment. Specifically, 5.0 percent p.a. for loans with term up to 4 months; 5.5 percent p.a. for terms from over 4 to 6 months; 5.7 percent p.a. for terms from over 6 to 11 months; and from 6.0 percent p.a. for terms of 12 months and more.

This is a positive move by BIDV in reducing lending interest rates for

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Customers borrowing loans for business and production activities during this period will also be entitled to many attractive promotions in e-banking, insurance and deposits amongst others to manage their accounts effectively. These include a free e-banking service; additional 0.4 percent p.a. interest rate on online deposits; reduction of up to 70 percent in interbank transfer fees; receiving 100 percent of the value of phone topup amount (maximum VND100,000/ customer) when registering for BIDV Smart Banking and conducting a mobile top-up transaction via the app. Borrowers will be also entitled to special card offers including credit and debit cards.

Since 5 August BIDV has cut the medium and long term lending interest rates by 0.1-0.2 percent per annum (depending on the term) for home, car, production and business loans with term from 36 months.

Insights

Thu Huong

Interest rate cuts: impact on commercial banks 2 percent, before a strong bounce to 6.5-6.8 percent in 2021.

The credit growth of Vietnamese credit institutions has also slowed down due to the low demand for loans and enterprises’ failure to meet the credit conditions.

With the economy facing many difficulties due to the Covid-19 pandemic, interest rate reduction is considered an effective measure to support businesses and households, contributing to economic recovery. However, sharp cuts in interest rates can negatively affect the economy and the banking system.

Slowing credit growth The Covid-19 pandemic has taken its tolls on the global economy and Vietnam. The world economy has entered the recession period.

According to the IMF and World Bank, the world economy in 2020 is forecast to decline 4.9-5.2 percent. UNCTAD forecasts global foreign direct investment (FDI) will decline by about 40 percent. Global trade will decline by 13-32 percent in 2020 according to the World Bank and WTO. Against that backdrop, Vietnam, although one of the few countries that has been successful in controlling the pandemic, has still heavily been affected, with GDP growth in the first half being just 1.81 percent - the lowest in the past 10 years. Even so, it is still among the few countries with positive growth. Vietnam's economic growth in 2020 is forecast to reach 1.5-

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According to the State Bank of Vietnam (SBV), as of 16 September 2020, new credits increased by about 4.81 percent (the lowest since 2013) compared to 8.64 percent during the same period last year. Aiming to support businesses affected by Covid-19, thereby promoting credit growth and speeding up the economic recovery, the government and the SBV have adopted to lower policy interest rates, creating conditions for commercial banks to reduce lending rates to support businesses to access capital at reasonable costs during this challenging period.

Impact on the economy and banks Many central banks around the world have implemented quantitative easing measures, sharply cutting interest rates to support the economy to overcome the recession.

In Vietnam, the move to cut interest rates by the banking system has started to take effect. According to the SBV, as of 14 September, credit institutions have rescheduled the repayment terms for more than 271,000 customers with loan balances of VND1.18 quadrillion (USD50.9 billion); extending new loans of VND1.6 quadrillion (USD69 billion) at low interest rates (0.5-2.5 percent

Insights

lower than the pre-pandemic period) for 310,000 customers since 23 January. With low cost capital sources businesses can maintain operations, invest in and expand or resume business and production activities, contributing to improving the speed of economic recovery, creating jobs and ensuring social security.

However, according to Dr. Can Van Luc, chief economist at BIDV, beside positive impacts, sharp cuts in interest rates can negatively impact the economy and the banking system.

First, as mentioned above, the key factor that hinders credit growth is not the lending interest rate, but lack of demand from businesses or failure to meet the credit conditions. Therefore, too great a reduction in interest rates is not likely to achieve the expected results, but rather direct the cash flow to the stock and property markets, making the value of these assets increase, and leading to inflation or the risk of asset bubbles.

Second, attention should be paid to the State Bank of Vietnam increasing measures to support credit institutions (such as refinancing, reducing deposit insurance fees, etc.), thereby helping credit institutions to reduce lending interest rates.

Third, the real lending rate of each country depends on four main factors such as inflation, deposit interest rates, the risk level of the economy and borrowers, and transaction costs.

In Vietnam’s context, all four factors are at a higher level than the rest of the region. However, the real lending interest rates in Vietnam are at a high

BIDV lowers lending rates to support businesses

average level - not too high as many businesses, experts and managers mistakenly believe.

interest rates will continue to decrease slightly and remain at low level until the end of this year.

Last but not least, lowering interest rates will affect the income of commercial banks while their income still relies greatly on loan interest (accounting for about 74 percent of total income in 2019). With support measures for enterprises and business households (in accordance with the Circular 01/TT-NHNN and other directives), the income of the banking industry is estimated to drop by 20 -25 percent.

In 2021 and the medium term, when Vietnam and other countries can control the pandemic and start to recover the economy, the demand for loans will increase, and idle cash will flow into investment channels with higher profit. In addition, inflation is forecast to increase in 2021 due to the increase in gasoline, oil and necessity prices when socio-economic activities recover. While this will likely create pressure on interest rates to increase slightly in the future, it is not worrying as commercial banks have proactively been reducing operating costs, enhancing their IT application, and developing digital banking in order to keep interest rates stable.

Interest rate trends In the near term, with the abundant liquidity, weak demand for loans and the direction of the government and the State Bank of Vietnam, it is forecast that deposit and lending

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Insights

Minh Nam

Strengthening risk management in banking during Covid-19 On 17 September BIDV held a seminar themed “Managing through Covid-19 and implications for banks’ risk management” where experts shared their experiences and insight on credit risk management and liquidity risks in banking.

Impacting all aspects Although Vietnam is recognised as one of the leading nations in effectively controlling the Covid-19 pandemic, the country has still been significantly impacted in various sectors and industries. According to Mr. Tran Phuong, senior executive vice president at BIDV, the pandemic has taken its toll on BIDV’s performance, an effect seen across the banking system in the first eight months of the year, with credit growth and operational efficiency being lower than the same period last year and the risk of higher non-performing loans increasing.

Dr. Can Van Luc, BIDV’s chief economist, said the Covid-19 pandemic has impacted both supply and demand.

The lockdown and social distancing measures put in place in many countries have disrupted production and business activities, supply chains and global consumption. Major centres have been affected including the US, China, and Germany, which had a strong impact on the global value chain. The economies that rely heavily on exports such as Cambodia, Vietnam, Korea, China, Taiwan, Italy and Germany are significantly impacted. In terms of aggregate demand, economic

Golden Bridge in Da Nang city, Vietnam

growth has declined sharply across the world, and the demand for imports, investment, domestic consumption, travel, and tourism has decreased.

According to ADB, the global economy will suffer losses of USD5.8 to 8.8 trillion (equivalent to 6.4 - 9.7 percent of global GDP). Remittances and FDI inflows are also impacted. Global remittances are forecast to slide by about 20 percent, while Asia Pacific is down about 13 percent. Registered FDI capital is forecast to drop 40 percent.

According to Mr. Kevin Green, chief risk officer at HSBC Vietnam, the Covid-19 outbreak shook Asia’s economic edifice to the core and the impact is likely to continue. The economic pain is inevitable, and the Covid-19 impact intensified in 2Q2020 when GDP rose by a marginal 0.4 percent y-o-y, the lowest quarterly y-o-y growth on record. Three sectors particularly impacted by the pandemic include aviation, restaurants and

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leisure, and retail. Given a circa 100 percent y-o-y fall in tourism in 2Q20, it is not surprising to see services as the biggest drag on growth, falling 1.8 percent y-o-y. Headline inflation moderated from 5.6 percent in 1Q20 to 2.8 percent in 2Q20, dropping to below the 4 percent inflation ceiling.

Circular 01 dated 13 March 2020 by the State Bank of Vietnam (SBV) directing credit institutions and foreign bank branches to restructure repayment periods, waive and reduce interest and fees and maintain debt classifications in order to support customers affected by Covid-19 is an effective solution that has helped reduce the pressure on repayment sources for customers. However, to some extent, Circular 01 somewhat loosens regulations on debt classification, reducing provisioning for credit institutions that may not exactly reflect the financial position or bad debts of credit institutions.

Insights

According to Mr. Pham Tien Sy, deputy director of the Banking Operation Safety Policy Department under the SBV, with strict regulations on conditions for debt restructuring and deployment time, the circular helps limit future risks for credit institutions.

Putting in place a comprehensive strategy According to experts, 2020 will see a deep recession with negative growth at 5 percent, yet a forecast from IMF predicts recovery next year at 3 - 3.3 percent. The prospect of a global economic recovery depends on three conditions: first, effective disease control; second, effective assistance packages and third, good international cooperation in pandemic prevention and economic recovery.

Dr. Can Van Luc outlined a number of new risks that have recently appeared and/or increased in domestic and international markets. These include market risks, political risks and rising bad debt risks and low interest rates resulting in reduced profits while banks need to invest significantly in IT and risk management systems.

In addition, risks of global financial uncertainty, IT and ethical risks are on the rise.

a pandemic, ensuring the health of employees and customers is of high priority and staff must be maintained to ensure business continuity.

Communication is a major issue that should be given full attention during the crisis. It is difficult to manage risk without a comprehensive communication strategy. Therefore, information should be communicated in a timely and complete manner to employees and customers to ensure that all requirements are complied with, asserting that the bank is safe to maintain relationships with customers.

Mr. Dmytro Kolechko, chief risk officer at VPBank, shared his experience on liquidity scenario analysis during the Covid 19 crisis and setting early warning triggers. He introduced the concept “time to wall”. Time to wall measures the duration in which the bank can meet its payment obligations without the need to execute new businesses. International practice

Sharing his experience in credit risk management in the time of the Covid-19 pandemic, Mr. Norbert Wong, chief risk officer at Standard Chartered Vietnam, said that the world has experienced many crises with different forms. These share both similarities and differences. But the crisis caused by the Covid-19 pandemic is at once different and challenging. In

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recommends that ‘time to wall’ should be of two- three months in normal business and one month during a period of stress. A ‘time to wall’ of three months is equivalent to a cumulative liquidity gap at three months equal to zero.

Policymakers across Asia have announced enormous support packages in recent months, divided broadly into outright spending (or tax cut) measures and lending guarantees.

As elsewhere, central bankers in Asia didn't hold back in recent months. Rate cuts were slashed in rapid succession, funding lines have opened, and liquidity has been injected. Overall, the pace of easing has now slowed for evident reasons: financial systems have been stabilised, and the various measures, including asset purchases, have started to gain traction, and economic life has started to flicker again.

partners

Manh Hai

A.M. Best continues to affirm BIC’s financial rating at B++ premium revenue reached more than VND2.4 trillion (approximately USD105 million), of which 90 percent of revenue came from the domestic insurance market and focused on professional operations such as motor vehicle insurance, technical property insurance, health and personal accident insurance.

BIC’s common branding and business distribution arising from its intermediate parent BIDV is viewed as a benefit to its business profile.

The firm expects that BIC's revenue will grow stronger in the coming time thanks to the significant contribution from human insurance operations through bancassurance.

BIC logo on a building in Hanoi

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he world's leading credit rating organisation A.M. Best has just announced the 2020 credit rating of BIDV Insurance Corporation (BIC), continuing to affirm its financial capacity rating at B++ (good) and issuer credit rating at bbb. The outlook of these credit ratings is stable.

This rating result was announced by A.M. Best based on a comprehensive evaluation of BIC's operations over the years, including financial capacity, business results, operational efficiency and risk management system.

In particular, the financial capacity was assessed through the capital adequacy level based on the risk assessment of BIC which continues to be maintained

at a high level. The efficiency of insurance business has consistently achieved good results with the average 5-year combined cost ratio (2015 2019) at 99 percent.

A.M. Best considers the company’s risk management framework as appropriate given the size and complexity of its operations. BIC’s risk management framework and capabilities benefit from a level of technical support, expertise and oversight provided by the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), as well as from a strategic relationship with its shareholder Fairfax Asia Limited.

In 2019, BIC's total consolidated

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A.M. Best was founded in 1899 for the purpose of reporting on the financial stability of insurers and the insurance industry. It is the oldest and most widely recognised provider of ratings, financial data and news with an exclusive insurance industry focus.

BIC is majority owned by the Joint Stock Commercial Bank for Investment and Development of Vietnam, one of the largest commercial banks in Vietnam, and benefits from this affiliation in terms of customer outreach. Fairfax Financial Holdings Limited, the company’s second-largest shareholder, provides BIC with technical support in areas such as information technology and product development.

partners

For the One Goal - Happiness for All Hana Financial Group adopted a new management slogan, “For the One Goal – Happiness for All”, where the word “One” is a homophone of “Hana”.

Replacing the previous “For the One Goal – Happiness for Customers”, adopted in 1991, the new slogan reflects progression over time with the group’s target of becoming a financial company that raises the satisfaction level of all stakeholders, including employees, shareholders, and social communities, in addition to customers.

Mission: Growing Together, Sharing Happiness

Hana Financial Group Integrated Data Center

A clear vision and bold choices, with a particular focus on long-term value creation for stakeholders, will enable Hana Financial Group to achieve its aim of becoming “The Trusted Premier Global Financial Group”.

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ana Financial Group is growing into a global financial group, taking full advantage of its global financial network, the largest in Korea. Aiming to lead the future of finance, Hana Financial Group is transforming itself from a leading

financial company to a data-driven IT enterprise.

In December 2019, Hana Financial Group declared a “NEXT 2030 Management Principle” as a way to prepare for the next decade, where the value system and technology are expected to progress at an unprecedented pace and boundaries of business categories to all but disappear. The group has been focusing on trust and humanity rather than on technological innovation with the goal of growing in a sustainable manner in an era where rapid changes are part of normal life. With this in mind, Hana re-established the group’s management principle in the direction of enhancing value for all stakeholders.

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The mission of Hana Financial Group captures its will to fulfill social responsibilities by fully embracing the demands and changes of the times. The group aims to achieve “healthy growth”, in which it balances its growth and social responsibilities, and also carries out activities that enable all of stakeholders to work together and build a better society.

Vision: The Trusted Premier Global Financial Group The vision of Hana Financial Group embodies the pledge of its employees to start from customer trust, which is the essence of financial business, and become a forerunner of change and innovation through outstanding strategies and thus stay ahead. Also included is its ambition to compete not in the already saturated domestic market, but with top-tier global financial institutions in the international arena backed by Korea’s largest global network.

market movements

Vietnam’s economy remains resilient despite Covid-19 challenges Vietnam’s economy is expected to grow 1.8 percent in 2020 amid the Covid-19 pandemic before bouncing back to 6.3 percent in 2021, according to the Asian Development Bank (ADB).

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ower domestic consumption and weak global demand caused by Covid-19 have hurt Vietnam’s economy more than expected. But economic growth will be resilient in 2020, in large part due to the government’s success in controlling the spread of Covid-19,” said ADB Country Director for Vietnam Andrew Jeffries. “Economic growth will be supported by the country’s macroeconomic stability, increased public spending, and ongoing reforms to improve the business environment.”

The Asian Development Outlook (ADO) 2020 Update, ADB’s annual flagship economic publication, says Vietnam’s economy will benefit from the continued diversion of production from the People’s Republic of China (PRC) to Vietnam, recovery in the PRC economy, and the implementation of a free trade agreement with the European Union.

Slower-than-normal growth would keep inflation subdued at 3.3 percent in 2020 and 3.5 percent in 2021.

Vietnam’s economic outlook over the medium and long term remains positive. Vietnam’s participation in a large number of bilateral and multilateral trade agreements will help the country’s economic rebound.

Vietnam will also likely benefit from the current shifting of supply chains to low-cost countries.

According to the State Bank of Vietnam, by the end of August 2020, Vietnam’s foreign exchange reserves had reached about USD92 billion and are expected to reach USD100 billion by the end of 2020, equivalent to 4.5 months of imports. The exchange rate management measures are increasingly flexible, restricting dollarisation, and the exchange rate and the foreign exchange markets have been stable for a long time (the depreciation of VND against USD has not exceeded 2 percent in the period 2016-2020).

In the first eight months of 2020, the VND even slightly increased by 0.03 percent against the USD while many regional and international currencies dropped sharply against the USD. Thanks to institutional improvements, Vietnam's financial market has been developing strongly in terms of size, quality and standards towards international practice. As of 30 June 2020, the size of Vietnam's financial market had reached 314 percent of GDP; stock market capitalisation

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increased by an average of 50 percent per annum, reaching 104 percent of GDP, financial institutions grew on average 10-15 percent per annum in terms of size; and the insurance market had increased by 20 percent per annum.

According to BIDV Training and Research Institute’s forecast, net buying value on the stock market in 2020 is likely to reach the level

market movements

Ho Chi Minh City – the largest economic hub in Vietnam

of 2019, at about VND2,600 billion (USD115 million); registered FDI capital in 2020 is expected to reach about USD32-33 billion (though down 10 percent yoy, much lower than the decline of about 25-40 percent in many regions in the world (according to WB, UNCTAD).

Even so, significant risks remain. A prolonged global Covid-19 pandemic remains the biggest risk to Vietnam’s

growth outlook this year and next.

Another threat is global trade tension, which leads to rising trade protection and financial risks that according to the report could be exacerbated by a prolonged pandemic.

The Southeast Asian region GDP forecast is revised down for 2020 from 1.0 percent growth in ADO 2020 to 3.8 percent contraction, but the growth forecast is revised up for 2021 from

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5.2 percent to 5.5 percent. Forecasts are downgraded since April for all 11 economies, and only three of them are likely to remain in positive territory: Brunei Darussalam with petrochemical exports, Myanmar with agricultural exports, and Vietnam with telephone and electronic products. All Southeast Asian economies are expected to grow more strongly in 2021 due to domestic stimulus and global recovery.

Policy update

Tha o D oan

New regulations effective this September New regulations on corporate bond issuance and information disclosure prior to bond issuance shall take effect this month.

Amending regulations on corporate bond issuance The government issued Decree 81/2020/ND-CP dated 9 July amending a number of articles in Decree 163/2018/ND-CP on the issuance of corporate bonds, including articles 8 and 6 on bond transaction. The Decree comes into force on 1 September 2020.

Particularly, corporate bonds issued in the domestic market shall be subject to a restriction that limits the number of investors involved in bond transactions to less than 100, exclusive of professional securities investors, within one year from the end of a bond issue, except in cases where the bond transactions are conducted according to a Court decision or by inheritance as prescribed by law. After the time mentioned above, the corporate bonds may be traded without limitation in terms of the number of investors, unless the issuing company decides otherwise.

Transactions involving corporate bonds issued in an international market shall comply with regulations on bond transactions adopted in that market.

Information disclosure prior to bond issuance The Ministry of Finance issued Circular 77/2020/TT-BTC guiding the implementation of Decree 81/2020/ND-CP. The Circular takes effect on 28 September 2020.

Regulations on information disclosure before the issue of corporate bonds are as follows.

Businesses issuing bonds in the domestic market shall disclose information prior to the bond issue to investors who register to purchase the bonds and send the information disclosure to Hanoi Stock Exchange according to provisions in Clauses 9 and 11, Article 1 of Decree 81/2020.

The disclosure of information prior to a bond issue must be signed and sealed by the enterprise's legal representative or a person authorised to disclose the information.

Businesses issuing bonds to the international market shall send the information disclosure to the Hanoi Stock Exchange in accordance with Article 27 of Decree 163/2018.

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products & services

Ph an Oanh

Banking while chatting make and manage bills payments, perform account inquiries, or even simply copy account information without having to worry about remembering or mistyping while chatting.

The design interface of the BIDV SmartBanking version on the keyboard is relatively similar to the default keyboard on mobile phones. The main highlight characteristic is the convenience of manipulation, helping users quickly perform transactions directly on the chat application.

Customer using BIDV SmartBanking

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n this thriving technology era, social networks are not only considered a tool for communication, work and entertainment but also as online “shopping centres” with almost anything available to purchase with just a few clicks. As a result, the need for a fast and convenient tool for transactions has stimulated enterprises to adapt in order to cope with the everchanging demands of customers.

The exclusive version of an application for banking for Apple Watch – also the first application that allows customers to perform financial transactions on multiple types of smart watch in the Vietnamese market - has created a successful way to standardise BIDV branding and services among customers.

BIDV continues its digital transformation by updating the latest version of its BIDV SmartBanking application ‘SmartKeyboard’.

With this optimisation, users can perform banking transactions

conveniently and quickly using chat apps while chatting with friends, relatives and partners without having to switch between multiple applications.

In order to experience these features, customers use their phone’s general settings tool and enable full access to “Keyboard – SmartBanking”. At the keyboard of the chat box on applications such as Messenger, Viber or Zalo, customers select ‘Keyboard – SmartBanking’ and from there they can login to the application and execute financial transactions such as money transfers or topping up phone credit,

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Previously, if a user was for example surfing Facebook and saw a great gift for their loved one on a special occasion, they would have to contact the store to place an order and prepay a fee. The new virtual keyboard on BIDV SmartKeyboard allows them to make a transaction without having to switch to another application.

Furthermore, the SmartKeyboard even helps customers to choose financial utilities faster and delivers the most accurate account information.

As privacy is the top concern, BIDV SmartKeyboard also fully owns modern technology security such as transaction authentication via OTP codes sent to the phone number or Smart OTP placed on the BIDV SmartBanking application, so users can ensure their information is fully secure.

However, the SmartKeyboard currently supports only the most basic features through a simple interface, saving operating time for users. To take advantage of the full range of convenient features such as online deposits, online shopping, VnShop, QRPay or booking air, movie or train tickets or hotel rooms, users will have to enter the BIDV SmartBanking application.

lifestyle

Ha nh Ngan

Fields of yellow in northern Vietnam

Y Ty

September brings incredible scenes of natural beauty to the northwestern region, when the forests, mountains and terraced rice fields are carpeted in brilliant yellow.

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housands of square kilometres of terraced rice fields stretch through the northwestern region, including the magnificent fields of Mu Cang Chai in Yen Bai Province, Hoang Su Phi in Ha Giang Province and those of Sa Pa in Lao Cai Province. The fields in all their seasonal glory draw visitors from both home and overseas to admire them.

Early September until the end of October is the best time to seek out the beautiful shades of yellow that adorn the northwest region. Terraced fields are used to grow rice on sloped areas by people of the ethnic communities residing in the area. To plant rice on the mountain slopes, local people

create evenly sized spaces on the slopes and dig out canals to carry water from the higher parts of the slopes.

Mu Cang Chai District, Yen Bai Province Mu Cang Chai is a popular spot for visitors in autumn. The road to reach this magical land traverses the Khau Pha Pass, known as one of the four most beautiful passes in the north.

The rice growing in the area reaches maturity between the end of August and early October, with the peak harvest season between 15 and 25 September, when the rice turns golden yellow.

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This year, local authorities are hosting the annual Terrace Rice Fields Festival between 29 August and 18 October where various activities are organised like flying over the landscape with helicopters and paragliding, folk games, a marathon and photo exhibition. The annual Mong

lifestyle

Hoang Su Phi District, Ha Giang Province Mu Cang Chai

Hoang Su Phi District is located at the foot of the Tay Con Linh Mountain

Hoang Su Phi

Y Ty Commune, Lao Cai Province

Terraced rice fields in Bat Xat, Lao Cai. Photo: Vu Phi Long

Ethnic Group’s Flute Festival gathers hundreds of Mong men to make flutes and perform melodies with them.

Tourists can also visit the villages of La Pan Tan, Che Cu Nha and De Xu Phinh within the area to experience the local lifestyle.

September brings fields of gold to Y Ty Commune. The rice harvest always comes earlier here than elsewhere, from 25 August till the end of September.

In Y Ty you will find the yellow rice glowing in terraced fields like in Mu Cang Chai and also scattered along the route from Sa Pa to Khu Chu Lin. A trip by motorbike affords stunning views of the harvest.

Villages in Y Ty worth visiting include Choan Then, Hong Ngai, and Ngai Thau Thuong.

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range, home to the most beautiful terraced rice fields in Vietnam. Rice here turns yellow between September and October, rather late compared to other places.

The road to Hoang Su Phi can be dangerous, so driving by motorbike requires care and experience. The route winds along passes bordered with terraced rice fields and the fragrance of mature rice.

The commune is home to villages of stunning terraced rice fields including Ban Luoc, San Sa Ho, Ban Nung and Ho Thau.

lifestyle

Ho a ng Mai

Melbourne in Autumn “Fall has always been my favourite season. The time when everything bursts with its last beauty, as if nature had been saving up all year for the grand finale” - Laurent DeStefano

W

alking along a road carpeted in golden foliage, looking up to a sky bright with sunshine, and feeling the soft breeze on your skin are signs that autumn has arrived in Melbourne.

Located south of the equator, Australia’s seasons fall at opposite times to those in the northern hemisphere. From March to May, when the winter months have ended and the spring and summer sunshine arrives in Hanoi, autumn steps gracefully into Melbourne, bringing a pleasant relief to the ‘state of sunshine’ after the blazing summer heat.

March to May is one of the most beautiful times to visit regional Victoria, as visitors can experience the magic of the state in all its autumnal glory. Both the renaissance and modern Lake Daylesford

Mount Macedon Memorial Cross

architecture of Melbourne are accentuated by the orange and yellow hues of the autumn leaves.

This show of colour creates stunning scenes of golden foliage against leafy towns, historic parks, and along tree-fringed avenues which leaves a long-lasting impression on people’s hearts and minds. We have gathered up a list of the top spots in and around Melbourne, those that are easily accessed and loved by most Melbournians for a full experience of nature during this season.

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Mount Macedon Mount Macedon is a perfect place for a weekend getaway, especially for those who love going out for a picnic.

Up on the summit of Mount Macedon there are six picnic grounds nestled along the ridge of the range, all easily accessed by the roads and walking tracks that link the area together.

Nearby, Sanatorium Lake picnic ground combines a beautiful lakeside setting with a number of walking tracks. For a memorable outdoor experience, visitors can enjoy a quiet lunch in the shady

lifestyle

heart of Victoria and is dedicated to wellbeing. Its well-known mineral water helps one find balance and invigorates the body and mind.

Rejuvenating spa experiences can be found here, at some of Victoria’s most famous and affordable spas.

After a relaxing spa treatment, it is time to slow down, unwind, and take in the natural surroundings for a full healing journey. Capturing the mesmerising view of the Daylesford Lake while witnessing the deciduous trees in their colourful autumnal splendor will forever be among my favorite things to do in autumn.

Melbourne CBD (Central Business District)

Southbank, Melbourne CBD

While a lot of people think that there is nothing much in the central district that reminds them of autumn, there is

surrounds of the Lions Park Reserve in Riddells Creek with its BBQs, children’s playground, and other facilities that are surrounded by natural bushland. After lunch, you can wander around the area, and be mesmerised by the glorious gardens, historic mansions, ferns and waterways of Macedon Regional Park.

The Avenue of Honour in Macedon is a spectacular tree-lined stretch of road, which leads to Mount Macedon Road. The spectacular avenue of oaks honours the 154 men and women of Macedon and Mount Macedon who enlisted for service during World War I. Carlton Gardens

The Gardens of Tieve Tara, which undulates across 7.5 acres of sweeping lawns, lakes, and trees awash with vibrant seasonal colours, should be top of your list when visiting the Macedon Ranges, since this famous private garden only opens for the three months of autumn.

Daylesford Daylesford is arguably the most instagrammable destination in Melbourne. The village lies in the

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just something about the busy streets around this time of year. Perhaps it is the gentle breeze and the autumnal hues of the foliage that makes Melbourne in autumn something exceptional.

CSR

Ho a Quynh

Lifesaver backpacks protect students in river areas Ministry of Labour, War Invalids and Social Affairs, about 2,000 Vietnamese children die from drowning each year. Aiming to reduce this number, since 2009, BIDV has given lifesaver backpacks to children in areas where there is risk of drowning.

Mr. Nguyen Duc Nghi - vice chairman of BIDV Trade Union - said: “The value of this backpack is its practical use for students. On their trip to school, this backpack will be a life-saver in case there is a flood. This gift represents the responsibility of BIDV toward the community.”

Local students wearing lifesaver backpacks donated by BIDV

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n the occasion of the new school year 2020-2021, BIDV presented 5,000 lifesaver backpacks with a total value of nearly VND1 billion (USD43,000) to students in 10 localities. These include Yen Bai, Da Nang, Thai Binh, Bac Giang, Binh Phuoc, Binh Thuan, Hai Phong, Dong Thap, Quang Ninh, and Nam Dinh.

On 5 September 2020, BIDV collaborated with the Vietnam General

Confederation of Labour to present the backpacks to students of Yen Thanh Ethnic minority semi-boarding school in Yen Binh District, Yen Bai Province; Hong Phong Primary School in Vu Thu District, Thai Binh Province; and Tien Thang Primary School in Yen The District, Bac Giang Province.

Each locality was given 500 lifesaver backpacks.

According to statistics from the

By giving lifesaver backpacks to students in river areas, BIDV hopes to reduce the risk of drowning for students commuting to school.

To date, the bank has presented a total of 45,600 lifesaver backpacks totalling more than VND9 billion (USD387,000) to students in over 50 localities nationwide. For a number of years, BIDV has granted hundreds of billions of Vietnam dong to education programs such as scholarships, school constructions, teaching and learning equipment.

Linh Nguye n

Social security activity in Bac Giang province

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n 11 September, BIDV’s Finance Department, Internal Asset Management Department, and Communication and Branding Department visited a kindergarten in Cau Sat area, Son Hai commune, Luc Ngan district, Bac Giang province and presented gifts to the students.

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As well as donating the equipment, employees of BIDV also brought singing and dancing performances to teachers and students of Son Hai kindergarten as a special gift for the children during the Mid-Autumn Festival season.

B I D V r eview

리뷰 2019년 11월, 하나은행은 BIDV의 전략적 투자기업이 되었으며 하나은행과의 협력은 BIDV의 발전과정 및 국제 통합 과정의 중요한 이정표입니다.

BIDV와 하나은행의 고객과 파트너에게 두 회사의 협력관계에 대한 활동 정보 및 한-베 문화, 사람, 역사 정보 등을 제공하기 위해 2020년 8월부터 ‘BIDV Review’ 잡지의 대표적인 기사들을 한국어로 번역하여 발간하고 있으니 환영해주시기 바랍니다.

뉴스

유제봉 대표: “베트남 최대 은행인 BIDV는 장점이 많은 조직” 최근에 “BIDV 리뷰”가 하나은행의 유제봉 대표님과 인터뷰를 통해 BIDV에 대한 이야기를 나누게 되었습니다.

BIDV에 파견 오시기 전에 베트남에 와 보 신적이 있으십니까? 베트남 첫인상은 어땠 나요?

에 있는 BIDV 본사에 근무하고 있습니다.’ 라고 답을 하면 다들 경치도 좋고, 근무환 경도 좋고, 하노이 제일 시내중심에 근무한 다며 부러워합니다. 저보다 하노이에 더 익 숙한 직원 분들이니, BIDV 근무환경에 대 해서는 더 잘 아실 거라고 생각합니다.

2017년 BIDV프로젝트 하기 전, 몇 번 베 트남을 방문한 적이 있었습니다. 베트남의 첫인상은 한마디로 ‘무한한 발전 가능성’ 이라고 말할 수 있겠습니다. 베트남이 가지 고 있는 무궁한 발전 가능성에 비해 현재 모습은 많은 차이가 있습니다. 하지만, 이 차이는 생각보다 빠른 시간에 메꾸어 질 수 있다고 생각 됩니다. 또한 앞으로 베트남은 더 많이 바뀔 것이라고 생각합니다. 1인당 국민소득이 증가함에 따라, 도시 등이 모습 이 많이 바뀔 것 입니다. 이런 변화에는 많 은 기회가 있는 만큼, 여러분에게 행복한 시기가 될 것이라 생각합니다.

한국과 베트남은 다양한 분야에서 교류가 활 발하게 진행되는 가운데 앞으로 BIDV가 유 망한 한국계 고객을 성공적으로 유치하기 위 해 BIDV가 어떻게 해야하며 하나은행과 어 떻게 협력하는지 제언 말씀 좀 부탁드리겠 습니다. 앞으로도 베트남은 한국에게 굉장히 중 요한 나라일 것입니다. 향후 하나은행과 BIDV의 협력은 ‘산업 – 관광 – 인력 교 류’의 세 가지 측면에서 진행되어야 합니다. 첫 번째 산업적인 측면 관련, 본점에서는 한국 고객을 위한 여러 가지 마케팅 전략 및 조직을 만드는 작업을 이미 시작을 했습 니다. 또한 지점 단위의 협력 방안을 도출 하여, 한국 기업 고객에 대한 마케팅 전략 을 준비해야 합니다. 두 번째, 관광 측면에 서 많은 한국 관광객을 위한 특화된 상품/ 서비스 프로그램을 만드는 것 입니다. 세 번째, 제일 중요한 것은 인력 교류입니다. 인력 교류는 앞으로 많은 분야에서 이루어 질 것 입니다. 인력 교류시스템을 수립하고 원활하게 작동하도록 하는 것이 우리가 해 결해야 할 문제라고 생각합니다.

BIDV기업문화는 한국과 비교하면, 구성원 들이 젊고, 굉장히 생동감이 넘치며, 역동 적인 조직인 것 같습니다. 좋은 면으로 보 면, 이 조직이 얼마나 빨리 성장할 수 있는 지에 대한 많은 가능성을 보유하고 있다는 것 입니다. 단점으로 보면 젊고 경험이 없 는 조직이기에, 전략 방향을 어떻게 설정 하느냐가 더욱 중요합니다. 전략 방향에 따 라서, 크게 발전할 수도 있고 또 다를 수도 있다는 그런 걱정도 같이 있습니다. 베트남과 한국, 두 나라의 문화가 서로 다 르고 각자의 장단점이 존재하기 때문에, 한 국계 고객을 유치하기 위해서 어떻게 하는 것이 반드시 옳다라고 말씀드리기 힘듭니 다. 다만 , 우리의 의사결정은 고객의 만족 도를 바탕으로 결정되어야 합니다. 빠르게 해야 할 때는 빠르게, 천천히 해야 할 때는 천천히 진행해야, 고객 유치에 더욱 유리할 것 입니다.

BIDV 재직기간이 거의 1년 된 것으로 알고 있는데요, BIDV의 근무환경 및 기업문화에 대해서 어떻게 생각하십니까?

1년이라고 말씀하셨는데, 개인적으로 1 년 이 아니고 한 3년 된 것 같습니다. 왜냐하 면, 2017년도 4월부터 BIDV의 주주가 되 기 위한 작업을 진행 했기 때문입니다. 그 리고 작년 11월에 정식으로 주식 매입을 한 이후 거의 1년이 흘렀습니다.

BIDV의 본점 근무환경은, 제가 아는 바로 는 하노이에 제일 좋은 것 같습니다. 제 주 위의 많은 한국 분들이 ‘어디서 근무합니 까?’ 라는 질문을 했을 때, 저는 ‘호안끼엠

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BIDV 리뷰

하나은행과 BIDV는 근무환경의 공통점 및 차이점이 무엇입니까? 보다 더 프로다운 근 무환경을 조성하기 위해 BIDV거 어떤 점을 개선해야 한다고 생각하십니까? 베트남 최대 은행인 BIDV는 장점이 많은 조직입니다. BIDV는 기본적으로 성장을 위 한 큰 틀의 하드웨어는 갖추었다고 생각합 니다. 다만, 좀 더 소프트웨어 개발을 해야 되는 것이 아닌가 생각합니다. 전세계적 트 렌드는, 금융회사가 IT회사로 변화하고 있 습니다. 이 트렌드에 맞추어, BIDV도 수준 높은 IT 인프라 시스템을 갖춘 회사의 도약 이 큰 과제라 생각합니다. BIDV 직원들은 젊기 때문에 변화하는 과정에 더 잘 적응할 수 있을 것이라 기대합니다. 기업문화적으로 설명을 드리면 유연성입 니다. 규정에 얽매여 있거나 창의적이지 못 한 조직 문화가 유연해져야 합니다. 4차 산 업혁명과 디지털 트랜스포메이션의 시대 에, 유연한 생각들이 기업의 성과에 이어 질 수 있도록 장려하는 조직문화로 바뀔 필 요가 있습니다. 하나은행은 BIDV보다는 조 금 일찍 유연한 기업문화를 시작했습니다.

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BIDV도 직급 간의 격식을 많이 없애고, 조 직 유연성을 확보하기 위한 제도도 수립해 야 합니다. 각자의 생각들이 쌍방향으로 유 연하게 흘러가고, 합의되는 의견들로 은행 이 움직일 수 있게 된다면, BIDV는 강한 경 쟁력을 보유하게 될 것 입니다. 하나은행은 3년 전에 본점 신사옥을 완공 을 했습니다. 신사옥 입주시 도입한 대표 적인 제도가 자율 좌석제입니다. 자율 좌석 제란 본인의 고정된 자리가 없는 제도입니 다. 사람은 자기 위치가 정해지면, 그 위치 를 지키기 위한 여러 가지 행동을 하는 게 본성입니다. 또한, 자리를 지키기 위해서 유연하지 못한 여러 가지 행위를 하게 되어 있습니다. 하나은행은 많은 IT회사들처럼, 아침에 본인이 선정한 좌석에서 그날 근무 하게 됩니다. 자율 좌석제를 도입하기 위해 서, 하나은행은 본점 업무 환경도 클라우드 기반 시스템으로 바꾸었습니다. 자율 좌석 제의 시행은 그만큼 유연해야 된다는 절박 한 인식에서 출발한 것입니다. 이제 우리의 경쟁상대는 전통적인 금융산업에서 IT회 사로 바뀌었습니다. 이들과의 경쟁에서 이 기기 위해, 우리는 더욱 유연해져야 될 것 입니다. 하나은행만큼이나 BIDV도 야근을 많이 한 다고 들었습니다. 하나은행은 야근하는 사람을 위한 별도의 공간을 따로 지정했습 니다. 야근이 필요하면, 본인이 그 별도 층 에 가서 근무를 합니다. 이렇게 하면, 불필 요한 전력 소비를 막아 전기를 아끼는 효과 가 있습니다. 하지만 더 중요한 것은, 야근 의 개념이 남에게 본인이 열심히 일한다는 것을 보여주기 위한 것에서, 본인의 필요 에 의해 스스로 선택하는 것으로의 유연한 변화 입니다. 이렇듯 하나은행은 조직의 유 연성을 확보하기 위한 다양한 제도를 실행 하고 있습니다. 종합적으로 말씀드리면, 은행의 경쟁 상대 가 기존의 금융권에서 IT회사로 확대되었 습니다. IT회사와의 경쟁이라는 변화에 대 응하기 위해, 원활한 IT 업무 기반을 갖추

고, 유연하고 빠른 속도로 근무를 하며, 그 변화에 대응해야만 된다는 것 입니다.

최근에 BIDV의 미래 지도자 양성 과정에 서 특강을 한번 맡아 주셨다고 알고 있는데 요. 짧은 시간이 있지만 그 양성 과정에 참여 한 수강생들을 만나신 뒤에 BIDV의 미래 지 도자의 능력과 잠재성에 대해서 어떻게 생각 하십니까? 강의할 기회가 있어서, 저 개인적으로는 굉 장히 큰 영광이었습니다. 이와 비슷한 제도 가 하나은행에도 있습니다. 저는 BIDV의 미래 지도자들을 만났을 때, 그들이 가지고 있는 적극성, 진지함 그리고 열정에 많이 감동했습니다. 제가 했던 3시간 반 동안, 수 강생들이 정말 열정적으로 제 얘기를 경청 을 해주셨고, 양국 간에 차이점, 제 개인적 인 경력 및 BIDV가 발전하기 위한 저희 의 견 등의 많은 질문을 해 주셨습니다. 또한, 제 강의에 대해 수강생들의 만족도가 굉장 히 높았다고 해서 더욱 기뻤습니다.

근무하는 사람들보다 더 잘 이해 하고 있다 면, BIDV의 발전뿐 아니라 개인 능력도 더 발전할 수 있을 것입니다. 마지막은 외국어 실력입니다. BIDV의 업무 영역은 베트남 국내뿐만 아니라 점차 인근 지역으로 범위 를 넓힐 것입니다. 외국어 전문성은 미래의 자기 경쟁력을 키우는 굉장히 중요한 요소 가 됩니다. IT와 어학, 이 두가지를 본인 발 전의 중요한 도구로 생각하고, 이를 향상시 키기 위해 노력하시기를 권합니다.

끝으로 저희 BIDV Review구독자에게 향후 계획을 좀 나눠주시면 감사하겠습니다.

BIDV은 베트남 최고의 은행입니다. 저는 BIDV가 베트남을 넘어 인도차이나 반도 에서 최고의 은행으로 발전할 수 있다는 확 신을 가지고 있습니다. 이를 위해 하나은행 이 도와드려야 될 부분도 있고, 이사회 일 원으로서 개인적으로 조언을 드릴 부분도 있습니다.

BIDV직원들께, 목표를 설정하면서 성장 하는 것에 대해 말씀드리고 싶습니다. 향 후, 베트남 금융환경은 오픈 된 자율 경쟁 으로 바뀔 것이라 예상됩니다. 지금처럼 은 행이 국가의 보호를 받고 있는 상황에서는, 규정을 잘 지키고 그 틀 안에서 일만 잘 처 리 하면 됩니다. 하지만 경쟁 범위가 확대 되고 급변할 미래 금융 환경에서, 경쟁력 있는 은행원이 되기 위해 무엇을 준비해야 할까요?

첫 번째는 BIDV가 지금 보유하고 있는 경 쟁 우위 요소를 좀 더 발전시키는 것 입니 다. 두 번째는 하나은행이 보유한 VIP 고 객 대상 상품 및 서비스, 외국환 관련 무역 금융 등의 소개를 통해, BIDV가 내부 경쟁 력을 확보 하는 것 입니다. 세 번째는 또 강 조되지만IT입니다. IT시스템을 발전시키 는 과정에서 하나은행이 겪었던 수많은 착 오들을 공유함으로, BIDV는 가장 효율적인 방법으로 IT시스템을 구현할 수 있을 것 입 니다. 마지막 네 번째는 BIDV가 안정된 수 익 구조를 구비하는 것 입니다. 안정된 수 익 구조는 포트폴리오 균형발전, 비이자수 익의 증가, 크레딧 코스트 감소로 구성 됩 니다. 하나은행은 BIDV의 안정된 수익구 조 확보를 위해 도움을 드리고자 하며, 향 후 관련된 여러 가지 일을 진행할 예정에 있습니다.

첫째는 본인의 실력입니다. 실력은 맡은 일 에 대한 능력도 있지만, 업무 외의 나머지 산업에 대한 이해도 같이 포함됩니다. 두 번 째는 IT실력입니다. IT 기술을 IT회사에서

이 네 가지 부문을 통해 BIDV를 발전할 수 있게 도와드리는 것이, 저와 하나은행의 미 션인 것 같습니다.

Thu Hien 기자

은행업계에서 32년동안 근무하시면서 많은 직책을 담당하셨는데 이를 통해 금융업 관 련 경험을 다양하게 쌓아 두신 것 같습니다.

BIDV 미래 지도자를 비롯한 베트남 직원들 이 후에 더 발전하기 위해 몇가지 조언을 부 탁드리고 싶습니다.

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2020 년 9 월

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대출 이율 감소, 산업은행의 시선 코로나19 발병으로 인해 세계 경제가 난 항을 겪고 있는 가운데, 대출 이율 감소는 기업과 경제를 회복하기에 효과적인 해결 방법이라고 판단하게 되었다. 다만, 대출 이율의 대폭 감소는 경제와 은행 시스템에 부정적인 영향을 미칠 수 있다. 코로나19는 세계와 베트남 경제에 심각한 영향을 미쳤으며, 세계 경제가 공식적으로 불황이 시작했다. IMF와 WB는 2020 년 세 계 경제 지표가 4.9 ~ 5.2 % 가량 하락하 는 것을 예상했으며 UNCTAD는 전 세계 에 해외직접투자(FDI)가 약 40 % 가량 감 소, WB와 WTO는 2020 년에 세계 무역이 13-32 % 가량 감소 할 것이라고 예상했다. 그러한 상황에서, 질병을 효과적으로 통제 했던 몇 국가 중 하나이지만 상반기 베트남 GDP가 1.81 % 정도 성장했으며, 이는 지 난 10 년 동안 가장 낮은 성장률을 기록할 만큼 코로나19가 GDP에 큰 영향을 미쳤 다고 볼 수 있다. 2020년 베트남 경제는 약 1.5 ~ 2 % 성장 할 것으로 예측되며 2021 년에는 약 6.5 ~ 6.8 % 성장률을 기록, 급 속으로 회복세를 보일 것으로 예상된다. 코로나19 영향으로 기업의 대출 수요가 낮 고 신용대출의 조건을 충족 할 수 없는 상 황으로 인해 베트남 금융회사 시스템의 신 용성장률도 정체되었다. 2020.9.16. 기준, 신용은 약 4.81 % (2013 년부터 현재까지 가장 낮은 수준) 증가했지만 전년 동기의 경우 8.64 %에 도달했었다. 코로나19 극복 을 위해 신용을 성장시키며 경제를 회복하 기 위한 정보와 베트남 중앙은행은 대출 이 율 감소 정책을 냈다.

대출 이율 감소, 경제 및 은행업에 영향 코로나19 발병으로 인해 세계 경제가 난항 을 겪고 있는 가운데, 대출 이율 감소는 기 업과 경제를 회복하기에 효과적인 해결 방 법이라고 판단하게 되었다. 실제, 많은 각 국의 중앙 은행은 경제 불황을 극복하기 위 해 중앙은행에서 통화를 시중에 직접 공급 해 경기를 부양하는 양적완화 조치 및 대출 이율 감소 등의 정책을 시행했다. 베트남에서 시작한 은행 시스템의 대출 이 율 감소 정책은 효과가 있어 보이며 베트남 중앙은행에 따르면 `20.9.14. 기준, 금융회

사들이 271천명 고객, 총액 1.18천조에 대 해 변제기한을 재조정하였으며 `20.1.23.까 지 310천명의 신규고객을 대상으로 1.6천 조에 상당하는 우대금리를 제공하였다. 이러한 정책을 통해 저자본 기업 등이 재 운 영함으로써 경제 회복 속도를 높일 수 있으 며 또한 기업이 지속적으로 운영을 유지한 다면 일자리 창출 및 소득을 가져다 주어 사 회 보장에 기여할 것으로 전망된다 다만, 대출 이율의 대폭 감소는 경제와 은행 시스템에 부정적인 영향을 미칠 수 있다. 첫째, 앞서 언급한 바와 같이 금리는 신용 성장을 저해하는 주요 요인일 뿐만 아니라, 기업들이 대출 수요가 없거나 신용 조건을 충족시키지 못하기 때문입니다. 따라서 금 리를 너무 낮추면 현금 흐름이 주식 시장, 부동산으로 유입되어 자산의 가치가 상승, 인플레이션 또는 자산의 거품 위험에 노출 될 수 있기 때문이다. 둘째, 중앙 은행이 신용 기관들을 지원하기 위한 조치(예: 대출 재 융자, 예금 보험료 감 소 등)를 강화하는 것을 주의해야 한다. 셋째, 일반적으로 각 국가 특히, 베트남의 대출 금리는 인플레이션, 예금 금리, 경제 위험 수준 및 차용자와 같은 네가지 주요 요소에 따라 달라질 수 있다. 그러나 베트 남의 대출 금리는 평균적으로 높게 측정되 어 있어 현재 기업 및 전문가, 관리자가 생 각하는 만큼 높은 편은 아니다.

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BIDV 리뷰

넷째, 이자율 인하는 산업 은행의 수입에 영향을 미치며, 베트남 산업 은행의 수입은 이자율에 크게 기대고 있기 때문이다(`19년 산업은행의 이자율 수입이 총 수입의 74% 를 차지하고 있음) 따라서 이러한 조치를 통해 베트남 산업 은 행의 이자율 매출이 계획 대비 20~25% 가 량 감소할 것으로 전망하고 있다.

향후 금리 동향 단기적으로 보았을 땐, 풍부한 유동성으 로 인해 베트남 정부 및 중앙은행의 지시 에 따라 대출 수요는 여전히 약한 편이며 예금 및 대출 금리는 계속해서 하락하여 `20년 말까지 낮게 유지 될 것으로 예상하 고 있다. `21년 상반기가 지난 후 베트남 및 타 국가 가 코로나19를 효과적으로 통제하고 경제 를 회복시키기 시작한다면, 기업들의 대출 수요가 증가하고 차후 투자를 위한 현금 흐 름을 이어갈 수 있을 것으로 전망된다. 또한, `21년은 사회 경제 활동이 회복된다 는 가정하에, 휘발유, 석유, 기초 생필품들 의 가격이 상승하여 인플레이션이 증가할 것으로 예상되며, 이는 시중 은행이 운영 비용을 줄이고 IT 부문에 예산을 투자하여 디지털 상품들을 개발하여 이자율을 안정 적으로 유지할 수 있을 것으로 보인다.

Thu Huong 기자

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코로나 19 시대, 은행 활동 리스크 관리 강화 2020.9.17. 하노이에서 BIDV 은행이 코 로나 19 극복 및 은행 활동 리스크 관리 강 화에 대한 주제로 담화 자리를 마련했다.

BIDV 각 부서에게 신속하게 시장 추세 및 전망 업데이트 및 은행 활동 리스크 관리 경험 공유 등을 위해 국내 외 경제, 재정, 은행 분야의 전문가들을 모시고 개최했다. 사회-경제 많은 분야에 영향 발산 개막식 자리에서 Tran Phuong BIDV은행 부행장이 베트남이 코로나19 방역 면으로 는 전세계로부터 코로나19를 효과적으로 대처하는 것에 대해 인정 받았으나 실제 경 제 발전에 있어 많은 어려움과 장애를 겪 어 곤란한 상황을 가지고 있다고 밝혔다.

BIDV 은행 뿐만 아니라 베트남 모든 은행 이 지난 8개월 동안 비슷한 어려움을 겪고 있어 신용 성장비율과 활동효과가 전년 동 기 대비 감소, 불량 채권과 잠재 부채 위기 가 증가하는 등 안좋은 영향을 받았다.

BIDV 경영 전문가 Can Van Luc 박사는 코 로나 19 로 인해 공급과 수요의 비율 변화 에 셀 수 없는 영향을 주고 있다고 말했다.

ADB에 따라 전세계 GDP의 6.4 ~ 9.7%에 해당하는 5.8 ~ 8.8조 달러 가량 금전적 손 해를 입었다고 보도했으며 외국송금 비율 과 FDI 자본금 흐름도 위와 같은 영향을 받 고 있다고 밝혔다. 전 세계 외국송금비율은 20% 이며 그 중 아시아 태평양 구역에서 13%, FDI 자본금은 등록 자본금에 40%가 감소한 것으로 예측된다.

골든 브릿지, 다낭

감수 관련 정책을 완화시키는 것은 신용 기 업의 재정과 부채 관리 현황에 있어 정확히 반영하지 못한다.

전반적인 전략의 도입이 필요 경제 전문가들은 올해는 불경기 상태이나 차년도에는 원만하게 회복될 수 있을 것이 라고 판단했으며 이러한 경제 회복 전망은 효과적인 방역, 불경기 대처 지원금, 국제적 인 협력을 통한 효과적인 방역으로 경제 회 복과 같은 세가지의 조건이 필요하다.

BIDV 교육 및 연구 평가에 따르면 지난 8 개월 동안 베트남은 효과적인 방역, 농업 및 건설업의 성장에 따른1.6% 수출액 증 가, 안정적인 환율, 주식시장 회복, 국제통 합 강화 등으로 각광을 받았다.

BIDV 경영 전문가 Can Van Luc 박사에 따 르면 그 동안 국내 외 시장은 신규 리스크 발생 및 증가하는 사례가 빈번하다고 했다. 이는 불량 채권 증가, 시장 위험, 은행 저이 자율, 불경기, 정보 노출 위기 등의 리스크 를 포함한다고 말한다.

베트남 국가은행에 속한 은행활동 안전정 책 관리 사무소 Pham Tien Sy 부소장에 따 르면, 금리조절, 이자 비율 조절, 수수료 무 료 정책 등의 정책을 마련하는 것은 사회경 제를 회복시키는 데 효과적인 방안이며 이 를 통해 대출상한 기한이 임박한 고객에게 부담을 덜해주며 사업의 활기를 회복시키 고 신용 위험을 제한 하는 등에 많은 도움 이 되었다고 한다. 그러나 부채, 신용위험

코로나 19 사태로 신용 위험 관리에 대해서 Standard Charterted Viet Nam의 Norbert Wong 이사장은 세계경제가 많은 정체 위 기를 경과하고 그 러한 위기들은 다양한 공 통점 및 차이점이 있지만 이번 코로나19 로 인한 위기는 참 특이하고 도전적인 편이 라고 분류했다. 또한 정확한 목표와 구축 기획, 장기적 가치 집중, 리스크 예측에 대 한 한도 지정, 리스크 관리 인프라에 지원

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2020 년 9 월

집중, 소비자 분야의 추세에 전면적인 파 악 등 신용 위험의 기반 지식을 갖추고, 또 한 고객의 신뢰를 높이도록 효과적인 전 반적인 홍보 전략을 준비하고 유도해야 한 다고 덧붙였다. VP Bank 은행 리스크 관리 팀 Kolechko 사장은 위의 개념을 “Time to wall”라고 밝혔다.

HSCB은행 Kevin Green 리스크 관리팀 사 장은 코로나 19가 아시아 경제에 큰 영향을 주었으며 당분간 끝날 것 같지 않다고 밝혔 다. 이 시국에 각국의 경제적 어려움은 피 할 수 잆는 것이며 2020년 2분기는 GDP 0.4% 상승, 분기별 성장속도도 낮으며 이 는 작년 동기 대비율이 가장 낮은것으로 확 인 되었다. 특히, 항공업, F&B 엔터테인먼 트업 및 유통업이 가장 손해를 많이 받은 업계들이며 이들은 작년 동기 대비 100% 에 육박하는 감소율을 맞이하였으며 관광 업과 연계된 서비스 업계도 덩달아 큰 어려 움을 겪었다. 최근 몇 개월간 아시아 전 지역에서 정책 기획자가 면세와 대출담보 보증 등의 방안 으로 분류되는 몇 종의 지원금을 발표했다. 이 시기에 아시아 각국의 중앙 은행들도 시 장 회복 현황을 파악하여 위에 해당하는 활 동들을 활발히 진행하고 있다.

Minh Nam 기자

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BIDV와 한국 중소기업중앙회 베트남 사무소 (KBIZ-VN) MOU 체결 기념 사진 촬영

BIDV와 한국 중소기업중앙회 베트남 사무소 MOU 체결 2020.9.17, 하노이에서 BIDV와 한국 중소기업중앙회 베트남 사무소 (KBIZVN)가 포괄적 업무협약(MOU)을 체결 함으로써 베트남 최대 은행과 2000개의 KBIZ-VN회원사인 한국기업의 헙력 기 회를 창출했다.

따라서, BIDV는 중소기업중앙회 베트남 사 무소가 은행이 주최하는 행사 및 설명회에 참여할 수 있게끔 적극적으로 지원해주며, 이를 통해 한국기업이 베트남내 투자, 상 업활동을 적극 실현시킬 수 있다. 또한, 한 국기업에 적합한 금융상품을 개발, 홍보 및 제공하게 되며 중소기업중앙회 회원사들에 게 베트남 기업에 대한 인수합병, 법률 자 문, 산업단지, 수출 가공 지역에 대한 정보 등을 제공한다. 중소기업중앙회 베트남 사무소는BIDV가 한국 기업과의 연결고리를 위해 적극적으로 지원할 것이며 회원들의 BIDV 상품, 서비

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BIDV 리뷰

스 이용을 장려하게 된다 .또한 BIDV와 한 국기업의 협력 과정을 통해 중소기업중앙회 베트남 사무소 및 한국 투자자의 활동 등의 정보를 제공해준다. 한국 중소기업중앙회는 전세계에 355만 회 원사를 보유하고 있으며 베트남에 진출한 8000여개의 한국기업 가운데 2000여개가 회원사로 등록되어 있다. 이번 협력을 통 해 BIDV와 중소기업중앙회 베트남 사무소 는 베-한 무역 투자 협력 촉진에 기여하고 자 하며, 이를 통해 양국간의 사회 경제적 발전에 기여하기 바란다.

Cong Chung 기자

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하나은행, 베트남과 인연 하나금융그룹 – 하나은행과 전 략적인 한력은 BIDV은행에 게 성장, 발전, 국제통합 과 정에 중요한 이정표이며 특별 한 의미를 지니고 있다. 2019 년 11월, BIDV 주식 약 6억원 (15% 자본금 상당)을 구매함 으로써 하나은행이 BIDV의 전 략 투자자로 발돋음 하였으며 이는 베트남 은행업 역사상 전 략적 투자자와의 거래 중 가장 큰 M&A 거래이다.

며 전세계2 4개국에 198개의 지사가 지점이 있으며 Global Finance가 선정하는 ‘2019 대 한민국 최우수 은행(Best Bank in Korea 2019)’에 수상했으며 ‘대한민국 최우수 외국환 은행’ 19년 연속 수상했다. 하나은행의 외국전략추진 중 동남아시아 지역은 전략적 요 충지로 평가받고 있으며 그 중 베트남은 매우 특수한 시장이 다. 하나은행의 베트남내 지사 는 하노이시 및 호치민시에 설 립되어 있다.

한국의 대기업 중 하나인 하나 금융그룹은 세계에서 81번째 에 위치하고 있으며 KEB 하 나은행의 총 재산(2020.3.31 일 기준 약 383조원, 3.25천억 USD 상당)은 한국 상업은행 중 3위를 차지했다. 2020년 2 월 KEB 하나은행은 고객의 편 리성과 브랜드 가치를 제고하 기 위해 하나은행으로 개명하 였다.

하나금융그룹 및 하나은행과 협력하는 것은 BIDV은행에게 굉장히 의미가 있는 일이다. 이 협력과정을 통해서 BIDV는 은 행 발전 전략관리, 디지털 은 행, 기술체계관리, 소매 은행 발전, 수익 창출 재산 다양화, 리스크 매니지먼트, 인력 발전 및 양성 등6개 분야를 지원받 을 수 있다.

하나금융그룹는 국제결제 및 사업 투자, 개인 및 VIP 고객 등에 질 좋은 서비스 제공의 장 점을 보유하고 있다. 오늘날 하 나금융그룹는 정보기술 응용 및 개선하기에 한국에서 가장 좋다고 평 가받고 있으며 해외 투자 경험이 많은 기 업이다.

하나은행은 이사회 대표 1명, 경영진 1명, 각 부서 전문관리 직 10명을 BIDV에 파견했으며 이를 통해서 하나은행과 BIDV 의 동반자로써 같이 발전하고 증진시키기 위하는 것을 보여주고 있다. 하나은행은 베트남 상업은행에 투자하는 최초의 은행이며 하나은행과 BIDV간 관계 는 두 나라의 우수한 재정기업간의 관계로 써 양측의 정부의 응원을 기반으로 영업을 발전시킬 수 있는 기회라고 보일 수 있다.

2020년 5월 까지 하나금융그룹는 216개 의 법인과 전세계 24개국에 지사가 설립되 어 있으며, 한국의 대기업 중에 가장 큰 조 직망을 보유하고 있는 기업이다. 하나은행 은 한국에 705개의 지사가 설립되어 있으

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2020 년 9 월

문화

아름다운 한국의 가을 는 모습을 볼 때면, 가슴이 메어질 정도의 로맨틱한 광경에 빠질 수 밖에 없다.

풍요로운 가을 특산물 추수가 끝난 시점인 가을에 한국을 방문하 게 되면, 여러가지 특산물들을 즐길 수 있 다. 대표적으로, 햅쌀로 만든 떡은 맛과 향 이 입안에서 맴도는 여운이 남는 특징이 있 으며, 특히 팥 또는 타 곡류 등과 같이 섭취 하면 더 깊은 맛을 느낄 수 있다. 가을은 감이 익는 계절로 이 단감은 맛도 좋 아 잼, 주스 또는 바람에 말려 만든 곶감으 로 섭취가 가능하다. 위 떡, 과일 외에도 꽃게의 제철이므로 맛 도 좋고 필수 영양소(칼슘, 아미노산,

10-11월에 단풍나무와 은행나무들의 잎 색깔이 변할 때 김치의 나라인 한국에 방 문한 기회가 있었으면 반드시 로맨틱한 풍 경을 감상하게 될 것이다. 시원한 바람, 파 란하늘, 노란 나뭇잎 등이 뿌려진 거리들 과 함께 매우 아름다운 사진을 만들어낸 다. 이 시기는 한국 관광, 문화, 음식을 체 험하기 가장 좋은 시즌이다. 이상적인 기후 온대기후를 지닌 한국의 기후의 경우 여름 에 매우 덥지 않고 겨울에 상당히 추운편이 다. 반면, 가을에는 햇살이 조금 덜 뜨거워 지며 태양이 노랗게 될 때의 평균 온도는 약11~19도이다. 선선한 바람 및 찬란한 햇 살이 야외 소풍과 여행을 즐길 수 있는 날 씨를 만들어준다.

놓칠 수 없는 관광지 전통과 현대 매력이 모두 담긴 서울로 관광 하게 되면 반드시 옛 궁궐들을 방문해 보아 야 한다. 서울의 대표적인 궁궐들은 경복궁, 창덕궁, 경희궁 등이며, 한국 전통복(한복) 을 입고 화려하고 오랜 시간을 지닌 궁궐에 서 산책하면서 기념 사진 촬영 등을 통해 아름다운 추억도 남길 수 있다.

만약, 등산을 좋아한다면 출발 지점에서 꼭대기인 남산타워까지 곳곳에 나뭇잎 이 노랗게 덮인 산책로를 걸어가며 감상 할 수 있다. 남산타워에서 내려다보는 서 울의 경치는 건물 뿐 아니라 단풍, 은행나 무를 머금은 숲도 같이 볼 수 있기에 이러 한 웅장한 풍경이 잊을 수 없는 기억을 만 들어 준다. 보통, 한국 가을을 생각한다면 제일 먼저 남이섬을 떠올리는 사람들이 많다. 그러한 이유 때문에 가을 관광 투어 일정이 대부분 남이섬을 포함하고 있다. 남이섬에 펼쳐진 빨간 단풍잎과 노란 은행잎이 어우러져 있

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BIDV 리뷰

비타민 등)을 두루 지닌 꽃게를 섭취하기에 가장 알맞은 계절이다

축제의 계절 매년 10월에는 전통적으로 전국에서 여러 가지 축제가 열리고 있는데, 그 중 영주풍 기인삼축제, 진주남강유등축제, 남도음식 문화큰잔치, 서산국화축제, 최난단 방어축 제, 광주 세계 김치축제 등이 대표적이며, 위 축제들에 참가했을 시 한국의 다양한 문 화, 풍습 뿐만 아니라 각 지방의 특산물들 도 동시에 체험할 수 있다.

Thu Hien 기자

문화

추석, 한국 가정의 명절 한국의 가을은 축제가 자주 열리며 활 기차고 상쾌한 분위기와 함께 추석을 떠올리는 계절이 다. 추석은 한국에서 가장 큰 명절 중 하나이며 약 3일 정도 의 휴일이 주어지는 편이다( 음력 8 월 14-16일). 윷놀이

풍년을 축하하는 명절 추석은 다른말로 ‘한가위’ 라고도 부르는데, ‘한가위’는 한 해의 가장 풍요로운 시기의 중간이라고 해석하면 된다. 과거, 한국에서 는 상반기에 심었던 곡물들을 음력 8월 시 즌에 수확한 곡물에 대한 풍년을 축하하며 그 달 중순(15일)에 마을 사람들이 모두 모 여 잔치를 연다. 또한, 추석은 상반기에 곡물을 심으며 고생 했던 나날의 보상과 앞으로의 풍년을 기원 하며 전국에서 여러가지 축제를 개최하는 시기이기도하다.

등의 놀이를 했었으나 오늘날 한국인들의 경우 추석은 단순히 여행 또는 휴식 등을 취하고 있다. 그 외에, 단풍 및 은행나무잎의 색깔이 주황 색 또는 빨간색으로 변하는 가을의 추석은 선 선한 날씨로 인해 산책하기 좋은 계절로써 걷 기, 등산 등을 통해 체력도 증진시킬 수 있다.

추석의 전통음식 추석은 상반기에 심었던 곡물들을 수확하는 시기로써, 다양한 음식들을 만드는 계절이다.

그 중, 송편은 한국의 대표 떡 중 하나이나 추석에 특히 많이 맛 볼 수 있는 떡이기에 추석을 대표하는 떡으로써 인식되고 있다. 송편의 특징으로는 반달 모양이며 주재료는 햅쌀이고 내용물은 팥, 완두콩, 깨 등의 곡 류를 쓰며 솔잎과 같이 찜으로써 더 깊은 향 을 낸다. 옛날에는 송편을 직접 빚었지만 최 근에는 바쁜 일상으로 인해 떡집 등에서 다 양한 종류의 송편을 구입하는 편이다. 송편 은 가족들에게도 아주 좋은 선물로써 인식 되고 있으며 추석에 송편을 먹지 않는 경우 추석을 헛되이 보낸 것으로 생각하고 있다. 송편뿐만 아니라, 추석에 한국 음식은 매우 다양하며 그 중 대표적으로 전, 비 빔밥, 식혜 등으로 이러한 전통음 식들의 주 재료는 그 해에 수확한 햅쌀, 곡류 등이다.

가정의 명절 올해의 풍년을 축하하며 앞으로의 풍년을 기원하는 의미를 가진 추석 에 대해 옛 한국인들은 보살펴준 조상에 대한 은혜와 감사의 표시를 기리기 위해 성묘를 진행했다. 다 만, 오늘날 다양한 종교 등의 유입 이 한국인 개개인에 신념을 바꾸게 되었고 최근 전통 문화를 고수하지 않는 한국인이 많아지고 있다. 그로 인해, 성묘를 치르지 않는 것뿐 만 아니라 전통 민속놀이도 잊혀져 가고 있다. 과거 추석에 가족 등과 함께 연날리기, 딱지치기, 윷놀이..

송편

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2020 년 9 월

추석을 대표하는 음식들은 사실 언 제든지 섭취할 수 있는 음식들이며 이러한 음식들을 한국의 전통음식 이라고 칭하고 있으나, 안타깝게도 현대 한국사회에서는 이러한 것들 이 잊혀져 가고있으며 시골 등지에 서만 체험할 수 있다. 현대 한국인 들은 예전처럼 추석에 대해 큰 의 미를 부여하고 있지 않으며 힘든 일상을 벗어나 몇 일간 쉴 수 있는 날로 인식되고 있다.

Duy Minh 기자

문화

광화문 세종대왕 동상

10월 한국의 두 공휴일 한국의 10월에는 총 2개의 공휴일이 있는 데, 첫번째로는 개천절, 두번째로는 한글날 이 있습니다. 각각 양력 10월3일, 9일이 며 주요 내용은 아래와 같습니다. 개천절, ‘고조선’ 건국 기념날 개천절은 과거 대한민국이 최초로 건설한 국가인 ‘고조선’ 이라는 나라의 건 국을 기념하기 위해 제정된 대한민 국의 국경일입니다.

한글날 – 한국의 언어 기념날 한글날은 대한민국 국민이 사용하는 ‘훈민 정음’ 즉, 한글을 처음 세상에 공표하였으 며 한글의 우수성을 기리기 위하여 지정한 공휴일 입니다.

대왕이 3년동안 개발하여 1446년에 세상에 반포된 언어로 창의적으로 만든 문자인데 다가 과학적이고 합리적이어서 세계 문자 역사상 가장 위대한 글자로 인정받고 있는 언어입니다. ‘훈민정음’은 1997년 유네스코 (UNESCO) 세계 기록문화 유산으로 지정 되었습니다.

‘훈민정음’ 즉, 한글은 1443년 조선의 세종 1970년 한글날이 처음 공휴일 로 지정 되었으나 국가의 산업 발전에 장애가 된다는 경제 단 체의 문제 제기로 인해 2005년 까지 일반 기념일로써 지내오 다, 2006년 다시 국경일로 지 정되었습니다

개천절에는 모든 건물에 대한민국의 국기인 태극기를 게양하는 날이며 보통 추석과 날짜가 가까워 조상의 묘에 찾아 뵙는 날이기도 합니다.

3.1절, 광복절 등과는 다르게 특별 한 행사나 축제 등을 열리는 공휴 일은 아니지만, 과거 세계2차전쟁 당시 일본의 지배하에 암울했던 식민지배하의 상황에서 민족의식 을 고취시키는 큰 힘이 되는 날로 기억되고 있습니다.

‘혼민정음’

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BIDV 리뷰

한글날에는 여러 기업, 국가 단 체등에서 한글과 관련된 여러 축제 등을 개최하고 있으며 대 표적으로 삼행시 짓기, 맞춤 법 퀴즈 등이 주요 축제 내용 입니다.

Minh Vu 기자

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