BIDV Review 70 - April 2021

BIDV headquarters seen from Hoan Kiem Lake, Hanoi

ABOUT BIDV The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), founded on 26 April 1957, is the longest-established commercial bank in Vietnam. The bank’s operations cover banking, insurance, securities, and financial investment. BIDV has a network of more than 1,060 branches and transaction offices as well as presence in six countries and territories. BIDV has been among Top 2000 largest public companies since 2015 (Forbes); Top 500 most valuable bank brands (Brand Finance). BIDV is headquartered in Hanoi, the capital of Vietnam.

The bank’s stock (ticker: BID) is listed on Ho Chi Minh City Stock Exchange (HOSE).

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, 194 Tran Quang Khai str., Hoan Kiem dist., Hanoi, Vietnam Tel: (+84) 24 22205544 Fax: (+84) 24 22225316 Contact center: 19009247

BIDV headquarters, Hanoi Photo: Thai Van Hoa

Email: bidvreview@bidv.com.vn License No.16-GP-XBBT dated 9 March 2021 by the Ministry of Information and Communications Printed at Vietnam Book Printing Joint Stock Company

Editor’s Letter

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Dear readers, his April marks the 64th anniversary of BIDV, a time for the bank’s employees to look back over the path that generations of employees have worked hard to shape a leading bank of today. After 64 years of operation, BIDV has become the largest commercial joint stock bank in Vietnam’s banking system. BIDV’s history has laid a solid foundation for the bank to continue its strong growth and achieve ever higher results in the time to come.

Launching SME Digital Transformation (SME Digitrans) program, BIDV aims to support small and medium enterprises (SMEs) to promote digital transformation and apply modern technology to governance and financial management. In particular, the “SME Digitrans” will prioritize resources for inclusive financial development to support women-led SMEs; start-ups; enterprises in rural and mountainous areas; household businesses transforming into SMEs...

BIDV has recently been named “Best Retail Bank in Vietnam 2021” by The Asian Banker magazine for its outstanding performance in retail banking. BIDV’s retail banking activities in 2020 grew strongly with increased contribution to the bank’s overall performance, maintaining No.1 position in the market by scale and operational efficiency, contributing approximately 50 percent to the bank’s net income. Individual customer base reached nearly 12 million (more than 10 percent of Vietnam’s population).

In April, BIDV received the delegation of the Embassy of the Lao PDR to Vietnam on a working visit to BIDV on the occasion of the bank’s 64th anniversary. The Lao ambassador congratulated and spoke highly of the results BIDV has achieved in recent years, emphasizing the bank’s great contributions to the country’s economic development and international integration. The bank also signed a cooperation agreement with Vietnam National University (VNU) with a focus on human resources training and development; scientific research; and social security.

In the month, the Global Banking & Finance Review (GBAF) honoured BIDV as Wholesale Banking Brand of the Year Vietnam 2021. GBAF spoke highly of BIDV’s products and services for institutional customers, affirming BIDV to be a leading bank in Vietnam, a pioneer in applying advanced technology to bring optimal solutions to customers. GBAF also named BIDV iBank as the Most Innovative Corporate Banking app in Vietnam for 2021. The award is testament to BIDV’s efforts in developing e-banking apps to best meet the diverse needs of corporate customers

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Fitch Ratings has revised Vietnam's outlook to positive from stable and affirmed the long-term foreign-currency issuer default rating (IDR) at 'BB'.

The positive outlook reflects Vietnam's growth and public finances' resilience to the Covid-19 pandemic shock, and continued strengthening of external finances due to persistent current account surpluses and rising international reserves.

contents

BIDV HIGHLIGHTS

PARTNERS

03. Lao ambassador pays working visit to BIDV

22. BIDV Insurance holds AGM 2021

23. BSC looks for strategic partners

04. Fostering glorious tradition 06. Key milestones of BIDV 08. BIDV named Best Retail Bank in Vietnam for the sixth time

LIFESTYLE

24. Hung Kings worship ritual 26. Hanoi sparkles with nocturnal serenity CSR

28. Funding school library in central highlands 29. Run for a green life

10. BIDV named Wholesale Bank of the year 12. Digital transformation for SMEs 14. BIDV signs cooperation agreement with VNU

뉴스

POLICY UPDATE

31. 라오스 대사, BIDV 방문 32. BIDV, 하노이 국립 대학교와 MOU 체결

15. Aiding customers impacted by pandemic 16. Key points for investors on PPP projects MARKET MOVEMENTS

18. Fitch revises Vietnam’s outlook to positive

33. BIDV, 아시안 뱅커 베트남 최우수 리테일 뱅킹 6회 수상 34. BIDV, SME 디지털 전환 도입 지원 35. BIDV, 올해의 Wholesale Bank 선정 36. BIDV, Gia Lai 성에 도서과 및 정의의 집 건설 지원

20. Bright prospects for bank stocks

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BIDV Highlights

Tu e M inh

Lao ambassador pays working visit to BIDV country’s struggle for liberation, innovation, economic development and international integration".

"In particular, BIDV is the first Vietnamese bank to invest in Laos through the establishment of LaosVietnam Joint Venture Bank, making significant contributions to promoting investment and socio-economic development of Laos", the ambassador added.

The delegation of the Embassy of the Lao PDR to Vietnam pays a working visit to BIDV

The delegation of the Embassy of the Lao PDR to Vietnam led by Mr. Sengphet Houngboungnuang, Ambassador Extraordinary and Plenipotentiary paid a working visit to BIDV on the occasion of the 64th anniversary of the bank

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ddressing the meeting, Mr. Le Ngoc Lam, Chief Executive Officer at BIDV reported on the operation and cooperation results of BIDV and its presences in Laos with positive results, particularly: Laos - Vietnam Joint Venture Bank (LVB) continues to be among Top commercial banks in Laos, ranking third by total assets, deposits and credit share.

Laos-Vietnam Insurance Joint Venture Company (LVI) maintains its position as the second largest insurer by market share in Laos. BIDV Representative Office in Laos always fulfills the assigned tasks, closely working with BIDV’s commercial presences to actively conduct market researches as well as implementing social security activities in the country.

The Lao ambassador congratulated and spoke highly of the results BIDV has achieved in recent years, emphasizing: “Over the 64 years of development, BIDV has continuously grown, becoming one of the leading commercial bank in Vietnam, making great contributions to the

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On behalf of BIDV's Leadership, Mr. Phan Duc Tu, Chairman of BIDV’s Board of Directors expressed his thanks for the support of the ambassador and the embassy, affirming that BIDV always excels at the tasks and missions assigned by the governments of the two countries, effectively serving economic, trade, investment and tourism relations between Vietnam and Laos. BIDV acts as a payment bridge for cooperation programs between the two countries, providing modern products and services for Laos market, contributing to building a strong financial and banking system of Laos.

The BIDV’s chairman was committed to continuing to direct Laos-Vietnam Joint Venture Bank and Laos-Vietnam Insurance Company to well perform the tasks assigned by the Party, State and people of the two countries, becoming an effective symbol of the solidarity and friendship between the two countries.

To date, for BIDV alone, the bank has contributed over USD11 million for social security programs in Laos with a focus on education, healthcare, and disadvantaged people.

BIDV Highlights

Na m Tran

Fostering glorious tradition This April marks the 64th anniversary of BIDV, a time for the bank’s employees to look back over the path that generations of employees have worked hard to shape a leading bank of today.

Proud tradition On 26 April 1957 the Prime Minister of Vietnam Democratic Republic signed Decree 177/TTg on establishing the Bank for Construction of Vietnam, predecessor of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

The bank is proud of its glorious tradition, with its different names corresponding to each development period of the country: Bank for Construction of Vietnam (1957 – 1980); Bank for Investment and Development of Vietnam (1981-1990); Bank for Investment and Development of Vietnam (1991 – 2011); and Joint Stock Commercial Bank for Investment and Development of Vietnam (2012 – present). Though bearing different names at different development periods, BIDV has excelled at all tasks assigned by the government, Ministry of Finance, and State Bank of Vietnam, making positive contributions to national defense, construction and the development of the country.

Over the past 64 years, the number of staff employed by BIDV has increased from just over 200 during the initial days to over 25,000 today. The bank’s network has expanded from 11 branches to over 1,100 branches and transaction offices. From its sole function of fund allocation, BIDV has now become a leading financial institution in Vietnam providing

BIDV headquarters in the centre of Hanoi

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BIDV Highlights

modern and diverse banking products and services that meet the diverse needs of customers. The bank’s customer base reaches over 12 million, ranging from major economic groups, corporations and SMEs, FDI to individuals. BIDV has transformed into a multi-owned financial group operating in the areas of banking and insurance in Vietnam and six other countries and territories, establishing relationships with over 2,300 financial institutions globally.

The success of the past 64 years is attributed to the support and guidance provided by the party, state and government, helping to lead the bank in the right direction. The achievements BIDV has made would not have been possible without the State Bank of Vietnam, the efforts of generations of leaders across the BIDV system and the support, trust and cooperation of customers, partners and friends, both local and abroad.

the central bank, expected at 10-12 percent; consolidated profit before tax expected at VND13,000 billion (USD565 million) in accordance with market developments and support for customers to overcome difficulties caused by Covid-19 and recover their business activities. Dividend payout ratio should not fall lower than that of 2020 (the indicators are subjected to change depending on new developments of Covid-19 (if any) and competent authorities’ approval).

Moving forward In November 2019, BIDV forged strategic alliance with Hana Bank and announced the Korean bank as its foreign strategic shareholder who owns 15 percent of its charter capital.

This was the biggest M&A deal with a strategic investor in Vietnam's banking industry. The strategic partnership marks a new turning point in the history of BIDV, reaffirming the cooperation of the leading businesses of Vietnam and South Korea in an effort to further promote economic and diplomatic relations between the two countries.

After 64 years of operation, BIDV has become the largest commercial joint stock bank in Vietnam’s banking system. As of 31 December 2020, the bank’s total assets reached VND1,516,686 billion (USD66 billion) - the highest among commercial banks in Vietnam. Deposits reached VND1,402,248 billion (USD61 billion), accounting for 11 percent of the share of the banking sector’s deposits.

Total outstanding loans reached VND1,230,569 billion (USD53.5 billion), accounting for 13.4 percent of the economy’s credit market share. In 2020 BIDV paid VND6,437 billion (USD280 million) to the State budget, making the cumulative tax amount paid over the past five years reach nearly VND27,900 billion (USD1.2 billion) - among the largest taxpayers in Vietnam.

BIDV continues to affirm its role as a key instrument in implementing monetary policies of the government and the State Bank of Vietnam, promoting its role as a major commercial bank capable of regulating the market, pioneering in applying modern banking technology and international integration.

The bank has focused on institutional development, enhancing governance and management capacity, and the accountability of its leaders and discipline across the system. BIDV has made great strides in innovating its government and management model.

BIDV has completed the goals of the Restructuring Scheme for the period of 2017 - 2020 and is in the first steps to implement the “Development Strategy 2021 - 2025, with vision to 2030”.

With the 2021 motto of action “Discipline - Quality - Digital Transformation”, the bank is set to successfully implement its business plans for 2021 - the first year of implementing the strategy to 2025, building a prosperous and sustainable bank. BIDV sets targets for 2021, particularly: deposit growth in line with capital use demand, expected at 12-15 percent; credit growth in compliance with the limit assigned by

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BIDV also strives to maintain sustainable and quality growth, cementing its leading position in key segments with a focus on retail and SME banking; aggressively implementing digital banking, promoting a multi-service business model and improving governance capacity according to international standards.

BIDV’s 64-year history has laid a solid foundation for BIDV to continue its strong growth and achieve ever higher results in the time to come.

BIDV has been honoured with many domestic and international awards for its achievements. Awards include World’s Top 2000 largest public companies (as voted by Forbes), Top 300 global banking brands (Brand Finance); “Top 10 largest enterprises in Vietnam" for four consecutive years; “Best Retail Bank in Vietnam” for the sixth time; "Best Transaction Bank in Vietnam", "Best Cash Management Bank in Vietnam" (awarded

by The Asian Banker); "Outstanding Retail Bank and Digital Transformation Bank in 2020" (awarded by Vietnam Banks Association & IDG); “Best SME Bank and the Best Innovative Corporate Solution in Vietnam” for three consecutive years (awarded by The Asian Banking & Finance, Singapore), etc.

BIDV Highlights

Key milestones of bidv BIDV forged strategic alliance with Hana Bank

Mekong Housing Bank (MHB) merged with BIDV

BIDV shares (BID) listed on Ho Chi Minh Stock Exchange

11 Nov

25 Apr

24 Jan

2019

Awarded the title “Labor Hero in the renovation period”

07 Nov

2000

2015

2014

23 Apr

Awarded Ho Chi Minh Medal

IPO successfully implemented

06 Apr

28 Dec

2007

2011

Recognised as a special state-owned enterprise

Transformed into a fully commercial bank

18 Nov

23 Mar

1996

1994

Established under the name of Bank for Construction of Vietnam under the Ministry of Finance

First 12 branches of the bank established

Renamed as Bank for Investment and Construction of Vietnam under the State Bank of Vietnam

26 Apr

27 May

24 Jun

1957

Transformed into the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

1957

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2012

Renamed as Bank for Investment and Development of Vietnam

14 Nov

1990

BIDV Highlights

Hu y en Truc

Digital transformation for SMEs procedures, thus contributing to information transparency and corporate governance capacity improvement.

In particular, the “SME Digitrans” will prioritize resources for inclusive financial development to support women-led SMEs; start-ups; enterprises in rural and mountainous areas; household businesses transforming into SMEs...

BIDV also announced the cooperation with the Vietnam Women Entrepreneurs Council to provide women-led SMEs with financial and non-financial solutions for comprehensive business development.

BIDV and its partners announce SME Digital Transformation program in April in Hanoi

BIDV has recently launched the SME Digital Transformation (SME Digitrans) program, aiming to support small and medium enterprises (SMEs) to promote digital transformation and apply modern technology to governance and financial management.

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he program is supported by the Asian Development Bank (ADB) who provides technical assistance worth more than USD1 million.

In the first phase of the program, BIDV will cooperate with MISA and Kiu Vietnam to give at least 600 SMEs 2 years of free fees for BMP (Business Management Platform) of Kiu Vietnam, and 2 year fees for MISA SME.NET 2020 and MISA meInvoice accounting software, as well as free connection fee for BIDV ERP between BIDV iBank and the above software.

BIDV has planned to continue promoting the application of information technology to product and service development and building a digital platform for SMEs; creating ecosystems of non-financial solutions to meet the diverse needs of SMEs. In addition, the bank will support SMEs to raise awareness and skills in adapting to the Industry 4.0, reducing banking

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Through the “SME Digitrans” program, BIDV continues to implement its customer-centric orientation, taking technology as breakthroughs to build solutions to meet the needs of customers according to the direction of the Government in the SME Support Law as well as the National Digital Transformation Program to 2025 with vision to 2030.

The “SME Digitrans” program also marked a milestone of the cooperation between ADB and BIDV in supporting SMEs in Vietnam. Previously, in 2018, ADB and BIDV signed a credit facility worth USD300 million to support the development and business efficiency of SMEs in Vietnam.

BIDV was the only Vietnamese bank to be honored as "Leading Partner Bank in Vietnam" in the Trade Finance Program (TFP) of ADB for 3 consecutive years (2016 - 2018). In 2019, BIDV was among 200 global member banks of the TFP program to be honored “Best SME Deal” award.

BIDV Highlights

Va n Hai

Mrs. Nguyen Thi Quynh Giao, senior EVP (2nd from right) and leaders of units under Retail Banking Group represent BIDV to receive the award

BIDV named Best Retail Bank in Vietnam for the sixth time BIDV has recently been named “Best Retail Bank in Vietnam 2021” by The Asian Banker magazine for its outstanding performance in retail banking at a virtual award ceremony held on 8 April 2021.

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n 2020, banks were strongly affected by the Covid-19 pandemic.

Given this challenge, BIDV built a retail strategy associated with the digital transformation strategy to further serve the increasingly diverse needs of customers.

BIDV’s retail banking activities in 2020 grew strongly with increased contribution to the bank’s overall performance, maintaining No.1 position in the market by scale and operational efficiency; risk was controlled according to international practice, particularly: Net retail income reached nearly VND20,000 billion (USD870 million), contributing approximately 50 percent to the

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bank’s net income. Pre-tax retail profit contributed 65 percent to the bank’s total pre-tax profit. Individual customer base reached nearly 12 million (more than 10 percent of Vietnam’s population), up 15 percent or 1.5 million new customers. Digital customer base grew sharply with number of transactions conducted via digital channels reaching 210 million, an increase of nearly 40 percent; the proportion of transactions via digital channels increased to 52 percent in 2020 from 39 percent in 2019; cumulative number of BIDV SmartBanking users is now 5.2 million (up 54 percent).

The above impressive results are

BIDV Highlights

attributed to BIDV’s strong deployment of the digital transformation strategy, launching a series of digital applications to serve customers. BIDV became one of the first four banks to successfully implement Automated Clearing House (ACH) - a key project of Napas and the State Bank of Vietnam on 3 July 2020. In March 2021 BIDV launched its new SmartBanking which integrates mobile and internet banking channels, offering seamless experience, personalisation, Smart Keyboard and banking via Smart watch. BIDV is the bank with most connection with Fintech companies in Vietnam (30/39 companies).

The Asian Banker also honoured BIDV’s QuickLoan as “Best Personal Loan Product 2021”. QuickLoan is an unsecured loan product on SmartBanking, applicable to customers whose salary is paid via BIDV account.

It is one of the outstanding features of the app, helping customers easily access bank loan. With just few easy steps of registration, customers’ loan will be disbursed within 4 hours.

BIDV has expanded 24/7 self-service channel - B-Smart. Accordingly, customers can open an account, register for the service and conduct depositing/withdrawal transactions through eKYC. BIDV has also launched the Marketplace model which connects BIDV customers with the real estate market through the BIDV Home app.

Borrowers can easily apply for home loan through mobile devices as well as monitoring the home loan anytime, anywhere.

Mr. Foo Boon Ping, Managing Editor of The Asian Banker said: “BIDV achieved a solid financial performance in 2020, posting double-digit revenue growth with retail business contributing almost half of the bank’s total income.

Despite the pandemic, the bank was able to safeguard its leading market position and increased its market shares in retail loans and retail deposits. The bank responded to challenges in 2020 with agility and improved digital capabilities. BIDV is the pioneer in supporting customers affected by Covid-19”.

According to Mr. Mobasher Zein Kazmi, Head of Research at The Asian Banker, this year Vietnamese banks have responded to the Covid-19 pandemic with agility, noting that BIDV has launched a number of digital initiatives in response to the pandemic, and has improved customer experience.

“Although not the first bank to introduce and implement eKYC, we have recognised the progress the bank is making in its digital journey

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specifically expanding its ecosystem with the integration of Vinmart’s e-commerce into your mobile platform.

More importantly, BIDV has shown its strength in protecting its franchise with leading market shares in key products as well as solid financial performance for the year”, said Mr. Mobasher.

The Asian Banker Vietnam Country Awards Programme refereed by prominent global bankers, IT consultants and academics is the most prestigious of its kind in Vietnam.

Annually, The Asian Banker evaluates over 300 banks and non-bank retail service institutions in more than 42 countries.

With outstanding performance in retail banking in the year, BIDV was honoured with prestigious awards such as Outstanding Retail Bank for the fifth consecutive year (2016-2020) and Outstanding Digital Transformation Banking 2020 as voted by Vietnam Banks Association (VNBA) and International Data Group (IDG).

BIDV Highlights

Tr a ng Trinh

BIDV named Wholesale Bank of the year On 19 April 2021 the Global Banking & Finance Review (GBAF) honoured BIDV as Wholesale Banking Brand of the Year Vietnam 2021, a category in the Global Banking & Finance Awards.

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BAF spoke highly of BIDV’s products and services for institutional customers, affirming BIDV to be a leading bank in Vietnam, a pioneer in applying advanced technology to bring optimal solutions to customers.

“Focusing on processes, products, the Wholesale Banking Group of BIDV adapted to the changing behaviours and needs of customers during the Covid-19 pandemic, identifying and implementing solutions to meet their needs”, said GBAF. Given the complicated developments of Covid-19, BIDV has timely acted to support businesses through reducing, exempting interest, restructuring repayment term, keeping customers’ debt classification unchanged, launching largescale credit packages, programs with scale up to VND100,000 billion (USD4.3 billion) and USD100 million. Recently, BIDV has offered the biggest incentive program titled “The optimal choice for businesses” aimed at offering effective financial solutions to customers.

GBAF also named BIDV iBank as the Most Innovative Corporate Banking app in Vietnam for 2021. The award is testament to BIDV’s efforts in developing e-banking apps to best

GBAF honours BIDV iBank as the

meet the diverse needs of corporate customers.

According to GBAF, “The multifunctionality, modern interface and outstanding features of BIDV iBank support the direct needs of corporate clients, institutional customers, and financial institutions, allowing them to conduct their banking business and complete transactions through internet-

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connected devices from any location, giving the opportunity to execute more operations remotely. This is particularly important as it minimises human contact during the worldwide Covid-19 pandemic.”

“Their campaign “BIDV Digi Up - Change to lead” resulted in a record number of customers registering for BIDV iBank.

By the end of the first quarter of 2021,

BIDV Highlights

automatic list payment, real-time account data collection, instant transaction updates (deposits, loans, guarantees, international payments, etc.), flexible centralized cashflow management, seamless connection with ERP system, confidentiality, and safety.

BIDV continues to update and improve the BIDV iBank app. At the beginning of 2021, trade finance service was also introduced to BIDV iBank with many new preeminent features. In addition to receiving, processing and storing documents online without returning original transaction documents, helping customers save time and documents for import-export transactions, BIDV iBank also updates transactions in real time, providing specialised reports according to customers' needs.

“Their unique value proposition, strong performance and ethical business conduct helped them stand out as the clear winner this year,” said Wanda Rich, Editor, Global Banking and Finance Review. “We look forward to seeing further growth and industryleading solutions from them in the years to come.”

Most Innovative Corporate Banking app in Vietnam for 2021

nearly 60,000 customers used BIDV iBank", said GBAF. BIDV iBank is an electronic banking product based on an omnichannel platform (web, mobile device) that serves institutional customers, financial institutions and other credit institutions. With BIDV iBank, customers can experience outstanding features such as 24/7 payment,

In 2021, GBAF honoured BIDV as the “No.1 SME Bank in Southeast Asia”. To date, the number of SME customers in BIDV has reached more than 316,000.

BIDV has achieved outstanding results in supporting small and medium enterprises, promoting green and sustainable credit, digital banking and digital transformation in customer base as well as implementing uniform solutions to help SMEs overcome difficulties caused by Covid-19. The GBAF award is recognition of BIDV’s

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great efforts in providing financial solutions to corporate customers.

The Global Banking & Finance Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally.

In 2020, BIDV was hoboured by prestigious organisations with awards such as Best Merchant Service in Vietnam; Best SME Bank in Vietnam for 3 consecutive years; Best Transaction Bank in Vietnam; Best Cash Management Bank in Vietnam as voted by The Asian Banker; Best SME Bank Vietnam for 3 consecutive years as voted by Alpha Southeast Asia Magazine; Corporate Client Initiative of the Year for 3 consecutive years; SME Bank of the year for 3 years in a row as voted by Asian Banking & Finance. Previously, BIDV iBank won Sao Khue award which honoured best IT and software products in Vietnam

BIDV Highlights

Phuong Anh

BIDV signs cooperation agreement with VNU

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n April 5, 2021, BIDV and Vietnam National University, Hanoi (VNU) signed a cooperation agreement with a focus on 5 areas: human resources training and development; scientific research; provision of modern and convenient banking products and services; funding investment projects and social security.

Assoc.Prof. Dr. Nguyen Kim Son, Director of Vietnam National University, Hanoi and Mr. Phan Duc Tu - Chairman of the Board of Directors of BIDV represented the two parties to sign the agreement.

Under the cooperation agreement, in the period of 2021-2025, BIDV will implement scholarship programs for students, facilities, and fund science and technology projects and hi-tech banking studies within VNU. For VNU, it will support BIDV to cooperate, approach and introduce the bank's products and services to its affiliates, staff and students.

Both parties particularly emphasized the importance of maintaining and increasing cooperation in recruitment, research and training. Accordingly, VNU will deploy training for BIDV staff as well as providing human resources

Leades of BIDV and VNU shake hand after signing the cooperation agreement

for BIDV. BIDV will provide internships for VNU students, and cooperate with VNU to implement training programs for BIDV. Previously, in the 2013-2020 period, BIDV and VNU signed a multi-area cooperation agreement. BIDV is the bank with the most comprehensive cooperation with VNU, providing the highest level and largest scope of services to VNU and its affiliates.

Defining VNU as an important strategic partner, BIDV provides VNU with

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premium quality products and services, improving management and service level in the relationship with VNU. Given the existing advantages of BIDV and VNU, both parties agreed to continue to strengthen the close, effective and practical cooperation in all areas, aiming to serve the economic, social and cultural development of the country.

This signing ceremony marks a new milestone in the relationship between VNU and BIDV, laying solid foundations for the two to further deepen the cooperation in the digital age.

Policy update

Anh Duy

Aiding customers impacted by pandemic The State Bank of Vietnam (SBV) has decided to extend a policy allowing commercial banks to keep debt classifications for Covid-19 affected borrowers unchanged to help customers access bank loans.

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ircular 03/2021/TT-NHNN, which amends Circular 01/2020/TT-NHNN allowing commercial banks to maintain the debt classifications to support customers affected by the Covid-19 pandemic, will take effect from 17 May 2021.

In Vietnam, debts are currently classified into five groups including: standard, special attention, substandard, doubtful, and loss.

Previously, many commercial banks were worried if debt classifications were not extended, bad debts would increase sharply.

Banks had restructured loans worth about VND350 trillion (USD15.2 billion) for Covid-19-affected borrowers by the end of 2020. Industry insiders estimated if half of the loans became bad loans, the bad debt ratio of the banking system would increase to more than 3 percent by the end of this year.

A transaction office of BIDV in Hanoi

However, commercial banks this year will not be permitted to add profits gained from the loans to their total revenue, according to the new circular.

To qualify for maintaining the debt classifications, the debts must arise from lending and financial leasing activities with the obligation to repay the principals and/or interest from 23 January 2020 to 31 March 2021.

Besides, borrowers must be unable to pay the debts and/or interest in time due to decreases in revenues and incomes caused by the impacts of the pandemic.

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Despite the extension of the debt classifications, the new circular states commercial banks must set aside money for potentially unrecoverable Covid-19 affected loans within three years, starting from 2021.

Under the new circular, the ratio of the provisions will increase gradually from 30 percent of Covid-19-affected loans by the end of 2021 to 60 percent by the end of 2022 and 100 percent by the end of 2023.

Policy update

Phuong Th ao

Key points for investors on PPP projects On 29 March 2021, the Vietnam’s Government issued Decree No. 35/2021/ND-CP guiding the implementation of Law on Investment in the form of Public-Private Partnership (PPP) 2020 (Decree 35) with effect from 29 March 2021. Below are key provisions.

interdisciplinary appraisal council and grassroots-level appraisal council.

An interdisciplinary appraisal council is to be established by the Prime Minister at the proposal of the Ministry of Planning and Investment (MPI). Chairman of the appraisal council shall be the Minister of the MPI, while the Deputy Chairman and other key positions are to be held by representatives from relevant ministries and government agencies.

Investment areas Article 5 specifies five essential areas for investment including: transportation; power grids, power plants; irrigation, clean water supply and drainage, waste and wastewater treatment; healthcare, education and training; and information technology infrastructure.

Investment capital Decree 35 specifies the required minimum total capital for each of the sectors eligible for PPP investment, particularly: Transportation; Power grid, power plant: at least VND1500 billion (approximately USD 65.2 million), with the exception of renewable energy – at least VND500 billion (approximately USD 21.7 million). Irrigation, water supply and drainage, treatment of wastewater and waste: at least VND200 billion (approximately USD8.7 million); Healthcare, education, training: at least VND100 billion (approximately USD4.3 million); Information technology infrastructure: at least VND200 billion.

Appraisal council There are two appraisal councils:

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A grass roots-level appraisal council is to be established by Ministers, heads of government agencies or Chairman of the provincial people’s committee at the proposal of the standing agency of the appraisal council. The standing agency shall be an agency or unit responsible for PPP project management or finance and planning affairs at a ministry, government agency, other organisation or the Department of Planning and Investment.

Policy update

Surveying investors' interests During the preparation of the feasibility study report, the competent authority shall organise a survey of the interest of investors and lenders, except for projects approved by the Prime Minister for direct appointment of investor according to clause 2, Article 39 of the Law on Public-Private Partnership. For projects proposed by investors, the survey shall be conducted after the investors have

completed a draft feasibility study report and submitted to competent authorities.

Modes of investor selection Based on the survey result on investor’s interests, competent authorities shall decide on mode of investor selection.

Open bidding: International open bidding is applicable if there are at

least one investor established under foreign law has registered interest in the project. Domestic open bidding is applicable when all registered investors were incorporated under Vietnam laws.

Competitive negotiation: applicable when there are less than 03 investors meeting the project implementation requirements or when the project applies new and advanced technology.

Investor appointment: applicable to projects that need to meet the requirements of national security or projects that require immediate substitution of investors to ensure continuity in the project implementation process.

In case domestic open bidding applies but the project needs to promote the use of advanced technologies and techniques as well as good international management experience then the bidding documents can state investor’s wish for a partnership with foreign investors or for using foreign contractors to participate in bidding. The domestic investor must be the head of the partnership and the language used in investor selection must be Vietnamese.

Deposits for project execution For projects with total invested capital of over VND300 billion (USD13 million): deposit amount ranges from 1 percent to 1.5 percent of the total investment. For projects with total invested capital of up to VND300 billion: deposit amount ranges from 1.5 percent to 3 percent of the total investment.

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market movements

Fitch revises Vietnam’s outlook to positive Fitch Ratings has revised Vietnam's outlook to positive from stable and affirmed the long-term foreign-currency issuer default rating (IDR) at 'BB'.

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he positive outlook reflects Vietnam's growth and public finances' resilience to the Covid-19 pandemic shock, and continued strengthening of external finances due to persistent current account surpluses and rising international reserves.

Vietnam was among the few economies in the Asia Pacific region and the 'BB' rating category to maintain positive growth in 2020, at 2.9 percent.

The relative strength of Vietnam's performance was largely due to its success in bringing the coronavirus outbreak swiftly under control, despite the pandemic's impact on domestic economic activity and tourism inflows, alongside strong policy support and export demand. Fitch expects GDP growth of about 7 percent in 2021 and 2022, in line with a broader global economic recovery sustaining export

growth and a gradual normalisation of domestic economic activity based on its expectation of continued success by the authorities in containing domestic coronavirus infections.

Vietnam's external finances have strengthened further despite the pandemic. Exports rose by about 7 percent in 2020 in US dollar terms, and the current account recorded a surplus of about 3.6 percent of GDP. Strong export performance reflects a surge in demand for high-tech components associated with strong sales of IT equipment in the US and other advanced economies as well as continued benefits of trade diversion, associated with rising costs in China and the US-China trade war. Fitch forecasts Vietnam's current account to remain in surplus at 1.2 percent and 2 percent of GDP in 2021 and 2022, respectively, compared with an average deficit of 1.7 percent for the 'BB' median.

Foreign-exchange reserves rose to USD95.2 billion by end-2020 likely due to a combination of factors, including a current-account surplus and foreign currency purchased by the State Bank of Vietnam (SBV). Fitch projected

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foreign-exchange reserves would continue to cover around 3.5 months of current external payments in 2021 and 2022, compared with a forecast 'BB' median of 5.2 and 4.7 months, respectively. Nevertheless, Vietnam's external liquidity ratio, measured by the ratio of the country's liquid external assets to its liquid external liabilities, also improved further to 388 percent in 2021, more than double the forecast of the 'BB' median.

The bulk of the strong FDI inflows in 2020 went into the manufacturing sector. Net FDI in 2020 was USD15.4 billion (about 4 percent of GDP), close

market movements

Ho Chi Minh City, Vietnam

to the previous year's level. Fitch expects FDI inflows to stay healthy as Vietnam is likely to benefit from the ongoing trade diversion and also its entry into trade agreements such as the EU-Vietnam Free Trade Agreement and the Regional Comprehensive Economic Partnership.

According to Fitch, Vietnam's economic prospects will remain susceptible to shifts in external demand due to the economy's high degree of openness.

Fitch does not anticipate a rapid rebound of inbound tourism, an important driver of the economy, until well after 2021.

The pandemic had a smaller impact on Vietnam's public finances than 'BB' peers. The rating firm estimates the general government deficit widened modestly in 2020 to 3.5 percent of GDP (7.2 percent for the BB median), as spending was targeted mainly at alleviating the impact of the pandemic.

Vietnam introduced a fiscal support package of VND292 trillion (USD12.7 billion, about 3.6 percent of 2020 GDP), which included tax cuts and deferrals, and cash transfers to affected workers and households. Fitch expects some of the government fiscal support measures to remain in place in 2021 and fiscal consolidation to begin from 2022.

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General government debt remained stable at 38.5 percent of GDP in 2020 compared with the 'BB' median's 13pp increase to 59 percent. Vietnam's general government debt-to-GDP ratio will remain at about 39 percent in 2021 and 2022, still below the median for 'BB' rated sovereigns, under its baseline of primary deficits remaining around 2 percent and a rapid return to high growth. Vietnam's revenue base is low compared with that of peers.

Fitch has based its calculations of the budget deficit and government debt ratios on the revised GDP series.

market movements

Ha Thuy

Bright prospects for bank stocks Bank tickers are anticipated to remain in the spotlight in 2021, with investors racing to capitalise on bright profit prospects.

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IDV Securities Company (BSC) recently issued a report on the prospects of the banking sector, saying commercial lenders would witness a sharp rise in profit thanks to the economic rebound and good control of post-pandemic asset quality.

The BSC report assumed that the whole sector’s pre-tax profit could soar 28 percent, chiefly attributable to 14 percent credit growth in 2021, plus the interest rate going sideways and reduced pressure on making loan loss provisioning.

Notably, despite their continual shortselling in Vietnam’s stock exchange since early 2021, foreign investors and investment funds are holding banking tickers, putting their trust in their upbeat growth potential. Finnish equity fund PYN Elite even forecast 50-60 percent growth for banking tickers in the first quarter this year, compared to a year ago.

BSC’s report, meanwhile, says that a slew of banks are scaling up efforts to replenish their low-cost capital source (current account savings account CASA), striving to expand customer

base through reducing transaction fees or upgrading operation system and infrastructure. The CASA ratio in the banking sector reached 18 percent

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in 2020 and is expected to further increase in the forthcoming time.

With a flexible business model and

market movements

Dr. Can Van Luc, chief economist at BIDV said that with Vietnam’s success in containing the Covid-19 pandemic and on-going economic rebound as well as positive forecasts by prestigious financial institutions like Citigroup, Goldman Sachs, and Nomura, alongside several Asian markets, Vietnam’s stock market might pick up about 15-20 percent this year.

According to the Vietnam Financial Consulting Association (VFCA) and BSC, Vietnam’s stock market might not be growing as impressively as in 2020, but growth would be more sustainable. The VN-Index is anticipated to be hovering around 1,200-1,300 points, leveraging economic rebound, listed firms’ profitability, lower price-to-equity ratio compared to the region and the world, and well-controlled bad debt.

Banks would be the first group to cash in on this rebound, which explains the sharp rise in banking stock prices from the outset of this year. According to SSI Research, the price-to- book (PB) ratio of local banks averaged 1.27x in 2019 with return on equity (ROE) ratio averaging 18.6 percent. In 2020, the PB averaged 1.4x with ROE averaging 17.2 percent, whereas average PB ratio in 2021 is set at 1.53x.

low bad debts ratios post-pandemic, small- and medium-sized banks have numerous opportunities to bolster operational efficiency. By beefing up the

retail segment via cutting-edge payment technology platforms to augment CASA, several banks have succeeded in enhancing their business efficiency.

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Economic rebound is partly reflected in the ticker price. Choosing the proper tickers, therefore, would help the investors to pick higher returns.

partners

M anh Hai

BIDV Insurance holds AGM 2021 fulfilling 105.6 percent of the year’s plan. Direct insurance premiums reached VND2,363 billion (USD103 million), an increase of 17.3 percent compared to last year (more than double the growth rate of the whole market). With this result, BIC rose from the eighth to seventh position in the top non-life insurance companies in terms of market share of direct premiums.

BIC logo seen on its office building in Hanoi

On 16 April 2021, BIDV Insurance Corporation (BIC) held its Annual General Meeting of Shareholders 2021, posting positive results.

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n 2020, the Vietnamese non-life insurance market faced many challenges due to the Covid-19 pandemic. Social distancing which made it difficult to reach customers, limited domestic and foreign flights, and tightened personal and business spending, etc., had a strong impact on business activities of insurance companies.

According to data from the Insurance Association of Vietnam, total non-life insurance premiums for the whole market in 2020 were estimated at VND57,102 billion (USD2.5 billion), an increase of 8 percent compared to 2019.

Despite the challenges of the pandemic, with relentless efforts and effective business solutions, BIC had the most successful business year over the 15 years of operation.

Particularly, total revenue of insurance premium of BIC alone in 2020 reached VND2,562 billion (USD111 million), up 13.8 percent compared to 2019, and

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BIC's 2020 business indicators all achieved good results. BIC's total consolidated pre-tax profit in 2020 reached VND375 billion (USD16.3 million), an increase of 38.8 percent compared to 2019, completing 155.7 percent of the year’s plan as assigned by the General Meeting of Shareholders. Of which, BIC's pre-tax profit was VND364 billion (USD15.8 million), up 38.9 percent year-on-year.

In 2020, BIC continued to see high profits in insurance business.

Besides the good business results, BIC also achieved many positive results in other areas including getting a B++ rating

by A.M. Best, being honoured with many prestigious titles and awards such as Top 10 most prestigious non-life insurance companies in Vietnam, Top 500 most profitable enterprises in Vietnam, etc.

In 2021, given Vietnam and the world still facing the impact of the Covid-19 pandemic, BIC continues to bolster growth in association with operational efficiency. Accordingly, the company strives to achieve VND2,830 billion (USD123 million) in premium revenue for BIC alone (up 10.5 percent compared to 2020), continuing to maintain profits in the insurance business and paying dividend at the expected rate of 10 percent.

partners

Phuong Giang

BSC looks for strategic partners BIDV Securities Company, (BSC, stock ticker: BSI) - a subsidiary of BIDV, set pre-tax profit at VND180 billion, up 11 percent year on year at its 2021 Annual General Meeting of Shareholders (AGM) held on 10 April 2021.

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ccording to BSC, in 2020 BSC's total operating revenue reached VND913 billion (USD40 million) (up 50 percent compared to 2019), pretax profit was VND161.5 billion (USD7 million), an increase of 18.3 percent compared to 2019, and 88 percent higher than the plan. Capital adequacy ratio was 470 percent.

Members of the Board of Directors and Board of Management of BSC at the AGM 2021

dividends in cash at the ratio of 9 percent.

BSC affirms its leading position by market share of government bond brokerage on Hanoi Stock Exchange (HNX). In 2020, the company maintained its position among the Top 10 securities companies with the largest market share of stock brokerage, fund certificates and covered warrants on Ho Chi Minh Stock Exchange (HoSE), among Top 10 securities companies with the largest brokerage market share on Unlisted Public Company Market (UpCom), and Top 10 securities companies with the largest derivative brokerage market share.

The BSC's Leadership submitted to the General Meeting of Shareholders for approval of the transfer of BSI shares from HoSE to HNX. By actively changing the bourse, BSC seeks to help investors promptly execute transactions based on real-time demand and limit risks arising from transaction problems. As soon as the new trading system of HoSE is put into operation, based on the actual situation, BSC will consider and propose the transfer of BSI shares back to HoSE.

According to information released at the AGM, BSC said to pay 2020

BSC assessed that the market prospect in 2021 still has room for growth.

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However, the room is not much due to the high stock prices after recovering, while the world market is fluctuating unpredictably. BSC forecast that in the base scenario the VN-Index could increase by 10-15 percent in 2021.

BSC set out business goals for 2021 with pre-tax profit reaching VND180 billion (USD7.8 million), an increase of 11 percent compared to 2020. The company estimated its pre-tax profit in the first quarter of 2021 at VND70 billion (USD3 million), completing nearly 40 percent of the year’s plan.

BSC said it continues to seek strategic investors, shareholders in 2021 to improve its financial capacity.

lifestyle

Ba Thi

Hung Kings worship ritual The Hung Kings worship ritual, which has existed for thousands of years, shows the enduring vitality of Vietnamese culture.

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he Hung Kings ritual reflects Vietnamese people’s respect for their ancestors, which boosts national pride and connects the community.

Annually, millions of people converge on the Hung temple at Nghia Linh mountain in the northern province of Phu Tho to commemorate their founding fathers and pray for good weather, abundant harvests, good luck, and good health.

The largest ceremony, the Ancestral Anniversary festival of the Hung Kings, is celebrated for about one week at the beginning of the third lunar month.

People from surrounding villages dress in splendid costumes and compete to provide the best palanquin and most highly valued objects of worship for

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lifestyle

the key rite in which drums and gongs are conveyed to the main temple site. Communities make offerings of rice-based delicacies such as square cakes and glutinous cakes, and there are verbal and folk arts performances, bronze drum beating, Xoan singing, prayers and petitions.

Secondary worship of Hung Kings takes place at sites countrywide throughout the year. The rituals are led and maintained by the Festival Organizing Board – knowledgeable individuals of good conducts, who in turn appoint ritual committees and temple guardians to tend worship sites, instruct devotees in the key ritual acts and offer incense. The tradition embodies spiritual solidarity and provides an occasion to acknowledge

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national origins and sources of Vietnamese cultural and moral identity.

The worship of the Hung Kings is of great significance to the Vietnamese people’s spiritual and social life.

Vietnamese institutions and families have all attached great importance to worshipping the Hung Kings.

There are 345 relic sites in Phu Tho province and more than 1,400 relic sites nationwide dedicated to the Hung Kings and other figures in the reign of the eighteen different dynasties of Hung Kings, from 2879 to 258 BC. The practice of worshiping the Hung Kings was recognized by UNESCO as part of the world’s intangible cultural heritage in 2012.

lifestyle

Hu y nh Phuong

Hanoi sparkles with nocturnal Many tourist attractions and high-rises across Hanoi, all lit up at night, display a calm serenity.

Turtle Tower (right), an iconic symbol of Hanoi in the middle of Hoan Kiem Lake shines at night.

Hoan Kiem Lake (Lake of the Returned Sword), also known as Ho Guom (Sword Lake), is a freshwater lake, measuring some 12 hectares in the historical center of Hanoi, Vietnam. The lake is one of the major scenic spots in the city and serves as a focal point for its public life.

Thanh Nien Street (bellow), located between West Lake and Truc Bach Lake, is brightly lit at dusk.

The street is renowned for its beauty, with the blackboard trees that line it providing ample shade and its ancient temples adding a sense of spiritual tranquility.

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lifestyle

Nhat Tan Bridge (left), also known as Vietnam - Japan friendship bridge, was inaugurated in January 2015. It runs a length of 8.9 kilometers (5.5 miles) across Red River and has five spans representing the capital's five ancient gates.

serenity

Octagon House (above), built in 1901, used to host the French army's trumpet shows. The structure lies inside the Ly Thai To flower garden area, encompassing the streets of Dinh Tien Hoang, Le Lai, Le Thach and Ngo Quyen.

Source: VNE. Photos: Nghiem Dinh Chinh

Located on Pham Hung Street, next to the National Convention Centre, Hanoi Museum (above) displays thousands of artifacts from Hanoi's 1000-year history and the history, culture, heritage, and architecture of Vietnam.

From a distance, Hanoi Museum impresses visitors on the unique architectural design with inverted pyramid building.

Long Bien Bridge (above), a symbolic Red River crossing, was designed and built by French firm Daydé-Pillié in September 1898. It opened to traffic in 1902, running more than 1,691 meters, with a rail track in the middle and road transportation on either side. During the Vietnam War, the bridge had some of its parts damaged and even destroyed by enemy bombing. The Vietnamese government fixed the damage, building the spans still in use today.

Located on a small peninsula on the east side of West Lake, Tran Quoc Pagoda (left), at nearly 1,500 years, is known as the oldest pagoda in the capital. Adding to the architectural beauty and historical significance of the pagoda is a Bodhi tree said to be the "offspring" of the original tree under which the Buddha attained enlightenment in India.

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CSR

Nguyen Huong

An art performance by students at Primary School No. 1, Dak Doa town

Funding school library in central highlands

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n 27 March 2021, BIDV handed over VND500 million (USD22,000) to Primary School No. 1 at Dak Doa town, Dak Doa district, Gia Lai province in the Central Highlands of Vietnam.

This amount of money will help the school build a library and purchase additional facilities to spread reading culture and improve the quality of teaching and learning at the school.

In order to encourage a love of reading, spread the reading culture, and create good habits for students in sharing knowledge and information, BIDV Communication and Branding Department collaborated with BIDV Runners team launched a book project

to give books to the library of the Primary School No. 1 with more than 700 books given.

Established 30 years ago, the library of Primary School No.1 has been severely degraded. It was quite small with unqualified tables and chairs which did not meet the demand for studying, reading, and researching of teachers and students. The support from BIDV has brought joy and excitement to the teachers and students of the school.

BIDV also sponsored the planting of 20 new trees in the school yard of Primary School No.1. Those were the first trees of the "1 million trees" project initiated

by BIDV's Leadership, which will make an important contribution to the

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mitigation of climate change, creating harmony between people and nature, and providing students with a place to play after school hours.

The same day, Mr. Tran Xuan Hoang Chairman of BIDV Trade Union along with Trade Union members at BIDV Pho Nui Branch handed over VND150 million to the representative of Chu Prong district leaders to build houses for the poor. This is a meaningful social security activity aimed at helping disadvantage households in the border district of Gia Lai province to stabilize their living and overcome difficulties.

CSR

Hu ong Nguyen

Run for a green life On 25 April 2021 in Hanoi, BIDV launched the running race “BIDVRun - For a green life”.

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he race is set to last for 22 days (from 25 April to 16 May 2021), aimed at contributing to the program of planting one million trees in response to the one billiontree program initiated by the Prime Minister. It also aims at building flood proof community houses in floodprone areas.

On the occasion of the 64th anniversary of BIDV and the 70th anniversary of the Vietnam’s banking sector, BIDV hosted the “BIDVRun - For a green life” race to raise community awareness of healthcare, joining to protect the environment and share difficulties with people in flood-prone areas, contributing to the sustainable development as well as fostering the brand of BIDV – the bank for community.

Launching of the program of planting 1-million trees and building flood proof houses

Addressing the launching ceremony, Mr. Tran Xuan Hoang, Member of the Board of Directors, Chairman of BIDV Trade Union, Head of the Organizing Committee emphasized: “By participating in the race, athletes can build and maintain a healthy

lifestyle, improve personal health and join BIDV in creating a green life through planting one million trees and building flood proof community houses in localities affected by floods and natural disasters”.

On this occasion, BIDV Trade Union introduced its BIDV runners club in order to encourage employees across the system to maintain healthy training habits, and promote running movements in particular and physical activities in general, linking sports with social security activities.

You can register for and join the “BIDVRun – For a green life” via the BIDVRUN app or website http://bidvrun.com. Many attractive prizes and gifts are on offer for high performers according to the program’s rules.

Athletes joining the BIDV run race

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리뷰

번역감수: 박성재 전략부 2 부장 서울 남산 타워

뉴스

라오스 대사, BIDV 방문 년 개발 기간 동안 BIDV는 지속적으로 성장하 여 베트남의 선도적 인 상업 은행 중 하나가 되 어 국가의 해방 투쟁에 큰 기여를 했다. ". 특히 BIDV는 라오스-베트남 합작 은행 설립 을 통해, 라오스에 투자 한 최초의 베트남 은행 으로 라오스의 투자 촉진과 사회 경제적 발전에 크게 기여했다고 대사는 덧붙였다.

BIDV 창립 64 주년 맞아 주베트남 라오스 대사 축하 화분 증정

베트남 라오스 대사관 대표단 (특 별 전권 대사 셍펫 훙붕 누앙)은 은 행 창립 64 주년을 맞아 BIDV를 방 문하였다.

BIDV은행장 Le Ngoc Lam은 BIDV의 운영 및 협력 결과와 라오스에서의 입지에 대해 긍 정적 인 결과를 보고했다. 특히 라오스-베트 남 합작 투자 은행 (LVB)은 라오스 內 최고의 상업 중 하나이다. LVB는 총 자산, 예금 및 대 출 M/S 위를 차지하고 있다. Laos-Vietnam Insurance Joint Venture Company (LVI) 는 라오스 시장 점유율 기준으로 두 번째로 큰 보험사이다. BIDV 라오스 대표 사무소는 항상 할당 된 업무를 잘 수행하고 있으며, BIDV와 긴 밀히 협력하여 적극적으로 시장 조사를 수행하 고 사회 보장 활동을 구현하고 있다. 라오스 대사는 BIDV가 최근 몇 년간 달성 한 결 과에 대해 축하하며 다음과 같이 강조했다.“64

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BIDV Phan Duc Tu회장은 대사와 대사관의 지원에 감사를 표하며, BIDV는 항상 양국 정 부의 임무를 효과적으로 달성한다고 말했다.

BIDV는 베트남과 라오스 간의 경제, 무역, 투 자 및 관광 관계를 효율적으로 제공하고 있으 며, BIDV는 라오스 시장에 현대적인 상품과 서 비스를 제공하고 라오스의 강력한 금융 및 은 행 시스템 구축에 기여하는 양국 간의 협력 프 로그램을 위한 지불 다리 역할을 하고 있다고 언급하였다. 또한, 라오스-베트남 합작 은행과 라오스-베 트남 보험 회사가 양국의 당, 국가 및 국민이 할 당한 임무를 잘 수행하도록 지속적으로 관리 하여, 양국 간의 연대와 우정의 상징이 되겠다 고 말했다. 현재까지 BIDV 은행은 교육, 의료 및 취약 계 층에 초점을 맞춘 라오스의 사회 보장 프로그램 에 1,100 만 달러 이상을 기부했다.

Tue Minh기자

뉴스

BIDV 및 VNU의 MOU 체결

BIDV, 하노이 국립 대학교와 MOU 체결 BIDV와 하노이 국립대학교는 인재 양성 및 개발; 과학 연구 및 지식 개 발, 현대적이고 편리한 은행 상품 및 서비스 제공 , 투자 프로젝트 지원 및 사회 보장의 5개의 분야에 대한 협정을 체결했다.

2021 년 4 월 5 일, BIDV와 하노이 국립 대학 교 (VNU) 간의 협력 MOU 체결식이 BIDV 본 사에서 열렸다. 하노이 국립 대학교에서는 Nguyen Kim Son 박사(베트남 중앙당위원회 위원, 총장) 및 소 속 대학들의 총장/부총장 및 보직교수 등이 참 석했다.

BIDV 에서는 Phan Duc Tu - 이사회 의장, Le Ngoc Lam – 은행장, 부행장, 본사 리더십 대 표가 참석했다.

2021-2025 년 기간 동안 BIDV는 하노이 국 립 대학교 학생을 위한 장학금 프로그램을 지 원한다. 학교 시설 개발, 금융 관련 과학 및 기 술 프로젝트를 연구 수행 프로젝트를 지원할 예 정이다. 하노이 국립 대학교는 소속 기관의 직 원 및 학생에게 BIDV의 제품 및 서비스를 제공 할 수 있게 적극 지원할 예정이다. 특히, 양측은 채용 및 교육에 협력을 유지하고 강화하는 것이 MOU의 중심이라고 밝혔다. 이에 따라 VNU는 BIDV 직원을 교육 및 인적 자원을 제공 할 것

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이며, BIDV는 VNU 학생 인턴십을 적극 지원 할 예정이다. 과거 2013 ~ 2020 년 동안 BIDV와 VNU는 여러 분야에 걸친 협력 MOU을 체결했었다.

BIDV는 VNU와 가장 포괄적인 협력 관계를 맺 고있는 은행으로 VNU 및 산하 기관에 최고의 서비스를 제공하고 있다. 항상 VNU를 중요한 전략적 파트너로 생각한 BIDV는, VNU에 최고 품질의 제품과 서비스를 제공하고 VNU와의 관계에서 관리 및 서비스 수준을 향상시킬 예정이다. BIDV와 VNU 양측 은 경제적, 사회적, 문학적 발전을 목표로 모든 영역에서 긴밀하고 효과적이며 실질적인 협력 을 계속 강화하기로 합의했다. 이번 MOU는 VNU와 BIDV의 관계의 새로운 발전을 의미한다. 이는 양측이 디지털 시대에 지속적으로 협력을 지원하고 심화 할 수 있는 토대가 될 것으로 기대된다.

Anh Tran 기자

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BIDV, 아시안 뱅커 베트남 최우수 리테일 뱅킹 6회 수상 다. 또한 BIDV Home 앱을 통해 BIDV 고객 과 부동산 시장을 연결하는 Marketplace 모 델을 구현하였다. 사용자가 모바일 장치를 통 해 쉽게 주택 융자를 신청할 수 있으며, 언제 어 디서나 주택 융자를 모니터링 할 수 있도록 구 성하였다.

Foo Boon Ping - The Asian Banker의 편집 장은 “2020년 BIDV리테일 뱅킹은 훌륭한 재 무 성과를 달성했으며, 은행 총 수익의 절반을 차지했다. 코로나 사태에도 불구하고BIDV는 시장 선도적 위치를 고수하며, 리테일 대출 및 예금 시장 점유율을 높였다. 민첩성과 디지털 전환 전략으로 2020 년의 어려움을 극복하였 다. 2020 년 BIDV는 디지털 고객 기반과 디지 털 채널을 통한 거래의 비율이 모두 50 % 이상 으로 증가했으며, 코로나-19의 영향을받는 고 객을 적극적인 지원한 은행이다”

BIDV는 리테일 뱅킹 부문의 뛰어난 성과로 인해 지난 2021 년 4 월 8 일에 개최 된 The Asian Banker 온라인 시상식에서 "2021베트남 최우수 리테일 은행"으로 선정되었다.

2020 년 은행들은 코로나-19 의 큰 영향을 받 았다. 이에, BIDV는 리테일 뱅킹 디지털 전환 전략을 구축했다.

2020 년 BIDV의 리테일 뱅킹 활동은 규모와 활동 효율성면에서 시장 1 위 유지 하여, 순 리 테일 뱅킹 수익이 약 20천억 동에 달한다. 이는 은행의 순 수익 50 %에 달하는 수치이다. 고 객 기반은 약 1,200 만 명 (베트남 인구의 10 % 이상)으로 15%의 (150 만 명 상당) 신규 고객이 증가했다. 디지털 채널을 통한 거래 건 수가 2 억 1 천만 건에 달하며, 전년대비 40 % 증가하였다. 디지털 채널을 통한 거래 비율은 2019 년 39 %에서 2020 년 52 %로 증가했 으며 BIDV SmartBanking 누적 사용자 수는 520 만 명 (약 54 %) 증가했다.

2020 년 7 월, BIDV는 나파스 (Napas)와 베트남 중앙 은행의 핵심 프로젝트인 ACH (Interbank Clearing House)를 성공적으로

구현 한 최초의 4대 은행 중 하나이다. 2021 년 3 월,에 BIDV는 모바일 및 인터넷 뱅킹 채널을 통합하는 새로운 SmartBanking을 출시함으 로 스마트 워치 및 스마트 키보드 등을 통해 개 인화된 뱅킹 서비스를 제공한다. 또한 BIDV는 베트남의 핀테크 기업 (30/39 개 기업)과 가장 많이 연계 된 은행이다. 특히, SmartBanking의 무담보 대출 상품 인 BIDV의 QuickLoan도 The Asian Banker 의 "2021 개별고객 최우수 대출 상품” (Best Personal Loan Product 2021)으로 선정되 었다. 이 상품은 BIDV 계좌를 통해 급여를 지 급받는 고객에게 적용되며, 고객이 은행 대출 에 편하게 접근 할 수 있도록 제작된 상품 중 하 나이다. 간단한 등록 절차를 거치면, 고객의 대 출금이 4 시간 이내에 지불된다. 또한 BIDV는 연중 무휴 셀프 서비스 채널인 B-Smart를 확 대하였다. 따라서 고객은 e-KYC를 통해 계좌 개설, 서비스 등록 및 입출금 거래를 할 수 있

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2021년 4월

Mobasher Zein Kazmi - The Asian Banker의 연구부 부장에 따르면, 베트남 은행 은 코로나-19 전염병에 민첩하게 대응했다. 특 히, BIDV는 여러 디지털 이니셔티브를 시작했 으며 UI/UX를 개선하였다. “ Vinmart의 온라 인 쇼핑 모바일 플랫폼에 통합하였다. 더 중요 한 것은 BIDV가 주요 제품의 주요 시장 점유율 과 올해의 견실한 재무 성과로 핵심역량을 강화 하였다.”

Van Hai 기자

저명한 글로벌 은행 전문자, IT 컨설턴트 및 학 자들이 추천하는The Asian Banker Vietnam Country Awards Programme은 베트남 에서 가장 권위있는 상이다. 매년 The Asian Banker는 42 개 이상의 약300 개의 국가에서 은행 및 비은행 리테일 서비스 기업을 평가한 다. 리테일 뱅킹에 뛰어난 성과를 거둔 BIDV는 5 년 연속 “최우수 리테일 은행” (Outstanding Retail Bank) (2016-2020), 국제데이터 그룹 (IDG) 및 베트남 은행 협회 (VNBA) 에서 투표 한 “2020 최우수 디지털 전환 은 행” (Outstanding Digital Transformation Banking 2020) 을 수상하였다..

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BIDV, SME 디지털 전환 도입 지원 SME Digtrans 프로잭트는 중소기 업의 디지털 전환 및 최신 기술 도입 을 위해 추진되었다. 이 프로젝트를 위해, ADB 은행은 1백만 달러에 해 당하는 기술 지원금을 후원하였다.

SME Digitrans 프로잭트 발표식은 2021 년 4월 12일에 BIDV 본사에서 개최되었 다. Tran Duc Long BIDV 부행장과 본점 각 부서의 대표자 및 하노이 지역의 지점장 이 참석하였다. 또한, ADB 은행 베트남 지점 Andrew Jeffries 법인장, ADB 은행 경제분 석팀 Donald Lambert 경제전문가, MISA 그룹 Dinh Thi Thuy 회장, Kiu VietNam의 Steven Landman 사장, VWEC의 Nguyen Thi Tuyet Minh 회장 등도 함께 참석했다.

SME Digitrans 프로젝트를 통해 BIDV는 MISA 그룹 및 Kiu VietNam와 협력하여 최소 600 곳의 SME에 지원할 예정이다. 지원 내용 에는 Kiu VietNam의 BMP 프로그램 2년 등록 비, MISA 회계 관리 프로르램과 전자영수증 발 급 2년 등록비, BMP프로그램과 MISA 회계관 리 프로그램에 연결한 BIDV 은행의 iBank등이 포함될 예정이다. 또한, BIDV는 SME를 위한 상품개발 및 디지 털 관리 채널 구축, 비재무 솔루션을 적극적으 로 추진할 계획이다. 뿐만 아니라 SME에 최신 기술 도입하여 복잡한 절차를 감소시키고 기업

관리 인식을 높일 계획도 추진하고 있다. 특히 SME Digitrans 프로잭트는 여성기업, 스 타트업, 산악지대와 농촌 지역에 우선하여 지원 할 예정이다. 발표식에서 BIDV는 여성기업에 재정관리 솔루션 구축 지원을 위해 VWEC와 협력할 것을 공약 했다.

다. 2018년에 BIDV와 ADB은행은 VietNam SME의 발전과 운영을 위한 3억 달러의 금융지 원 계약을 체결했었다. BIDV는 2016~2018 년에 TFP에서 베트남 최고 파트너쉽 은행에 선정이 되어 “Best SME Deal” 상을 수상하 였다.

Huyen Truc 기자 한편, SME Digitrans 프로잭트는 ADB은행 과 BIDV의 협력관계에 새로운 이정표가 되었

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BIDV 리뷰

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BIDV, 올해의 Wholesale Bank 선정 2021년 4월 19일, BIDV 는 Global Banking & Finance Review (GBAF)의 Global Banking & Finance Awards에서 베트남 올 해의 Wholesale Bank에 선정되었다.

2021년초 BIDV IBank에 다 양한 새로운 기능이 추가된 무 역 금융 지원 서비스 ( Trade Finance Service)가 공개되었 다. 이는 거래 시간을 절약시키는 온라인으로 거래 서류 접수, 처 리, 저장 등 외에도, 실시간 거래 처리와 고객의 요구에 특화된 보 고서까지도 제공 가능하다.

GBAF은 대형 기업 고객을 위한 BIDV의 서비스와 상품을 높이 평가했다. BIDV는 고객에게 최 적의 솔루션을 제공하기 위해, 첨 단 기술을 도입하는 데에 앞장서 고 있는 베트남의 최고의 은행으 로 평가되었다. BIDV는 상품, 운영 과정 등에 집중하여 Covid 19으로 변경된 고객의 모든 요구 와 소비 현황에 맞춰서 서비스를 조정하고 솔루션을 적극적으로 제공하였다.

Covid 19으로 인한 힘든 시기에 도 불구하고, BIDV는 이자 면제, 상환 기간 구조 조정, 최대 100 조 동의 새로운 금융 패키지 개발 등으로, 적극적으로 불황을 겪고 있는 기업들에게 지원 했다. BIDV는 고객에게 재정 솔루션을 효과적으로 제공하기 위해, “기 업을 위한 최적의 선택”이라는 최고의 인센티 브 프로그램을 공개했다.

GBAF는 또한 BIDV iBank를 베트남 2021 년 가장 혁신적인 기업 뱅킹 앱으로 선정했다. 기 업 고객의 다양한 요구를 최대한 충족시키기 위 해 전자 뱅킹 앱을 개발하려는 BIDV의 노력을 인정한 것이다.

GBAF의 평가에 따르면, BIDV iBank의 현대 적인 인터페이스 및 뛰어난 기능은 기업 고객, 기관 고객 및 금융 기관의 직접적인 요구를 지 원하여 어디서나 인터넷에 연결된 장치를 통해 은행 업무를 수행하고 거래를 완료 할 수 있다

Global Banking and Finance Review의 Wanda Rich 편집자 는 기업들에 지원한 가치, 경영활 동에 강력한 성과 및 사회에 기부 한 활동들로 올해 확실한 승자로 돋보일 수 있다고 평가하며 앞으 로 BIDV은행의 더 많은 성장을 기대하겠다고 언급하였다.

고 발혔다. 이는 Covid-19시기 동안 서로의 접 촉을 최소화하기에 중요한 역할을 했다. 2021 년 1 분기 말까지 거의 60,000 명의 고객이 BIDV iBank를 사용하는 것을 기록했다.

BIDV iBank는 기관 고객, 금융 기관 및 기타 신 용 기관을 위해 서비스를 제공하는 옴니 채널 플랫폼 (웹, 모바일 장치)으로 운영되는 전자 금융 상품이다. BIDV iBank를 통해 연중 무휴 결제, 자동 목록 기반 결제, 실시간 계좌 데이터 수집, 즉각적인 거래 업데이트 (예금, 대출, 보 증, 국제 결제 등), 유연한 중앙 집중식 현금 흐 름과 같은 뛰어난 기능을 경험할 수 있다.

BIDV은행은 고객들이 더 좋은 앱을 사용할 수 있도록 끊임없이 기능을 개선해 가고 있다.

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2021년 4월

2021년 BIDV는 No.1 SME Bank in Southeast Asia로 선 정되었다. 현재까지 BIDV은행의 SME 고객 수는 316,000 에 달 한다. BIDV는 SME 지원, 지속 가능한 신용, 디지털 뱅킹 및 고 객 기반의 디지털 전환을 촉진하 고 SME가 Covid-19로 인한 어 려움을 극복 할 수 있도록 일관된 솔루션을 구현하였다.

Trang Trinh 기자

2020년BIDV는 베트남 Best Merchant Service상, 3 년 연속 베트남 최고의 SME 은행, 베트남 최고의 거래 은행, The Asian Banker로부터 선정된 베트남 최고의 현금 관 리 은행, Alpha Southeast A sia Magazine 으로부터 선정된 3 년 연속 베트남 최우수 중소 기업 은행 등의 상을 수상했다. BIDV iBank는 베트남 최고의 IT 및 소프트웨어 제품을 수여하 는 Sao Khue 상을 수상하기도 했다.

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BIDV 1호 초등학교 내 도서관 구축 지원

BIDV, Gia Lai 성에 도서과 및 정의의 집 건설 지원 2021년 3월 27일, BIDV는 Gia Lai 성 Dak Doa 현 Dak Doa 동의 1호초등 학교에 학교의 도서과 및 장비시설을 구축하기 위한 해 5억 동의 지원금을 기부했다. BIDV의 노조위원장도 Gia Lai 성 Chu Prong현의 사랑집 건설을 위한 1억5천만 동의 지원금을 기부하였다.

1호초등학교 지원금 기부식에 Dak Doa 현 시 민위원회의 대표자, 학교 집행부 대표자, BIDV 은행의 대표 Tran Xuan Hoang 이사회 위원 겸 노조위원장장, Tran Phuong 부회장과 지 역의 BIDV 대표자들이 참석했다. 독서문화를 전파하고 좋은 습관을 기르기 위해 BIDV Runners와 함께 초등학교 1번의 도서관 에 책기부 운동을 시작하였다. BIDV는 달리기 를 통해서 모은 기금을 통해 700권의 책을 1호 초등학교 학교 집행부에 기부하였다.

BIDV는 학교에20개의 나무를 심는 것도 지 원 했다. BIDV는 백만 그루 나무 심기 캠페인 을 통하여 나무 심기 운동을 시작하였다. 1호초 등학교에 심는 나무들은 이 캠페인을 통해 심 는 첫 나무들이다. 또한, BIDV의 노조위원장도 BIDV를 대표하여 Gia Lai 성 Chu Prong 현에 서 정의의 집 구축을 위한 1억5천만 동의 지원 금을 기부하였다.

BIDV 노조위원회 Tran Xuan Hoang 위원장 은 BIDV Pho Nui 노조위원과 함께 직접 Chu Prong 시민위원회 대표자에게 정의의 집 구축 을 위한 1억 5천만 동의 지원금을 기부하였다.

Tran Phuong BIDV 부행장 1호 초등학교 내 나무 심음

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BIDV 리뷰

Nguyen Huong기자