BIDV Review 73 - July 2021

A Newsletter of Bank for Investment and Development of Vietnam JSC • Issue No.73 | July 2021

Lowering lending rates to support customers

Stable business results in H1

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BIDV AT A GLANCE 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, boasting a network of nearly 1,100 branches and transaction offices as well as presence in six countries and territories. 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).

VISION 2030

MISSION

To become a leading financial institution in Southeast Asia, having the best digital platform in Vietnam, and among Top 100 largest banks in Asia.

To deliver the best benefits and utilities to customers, shareholders, employees and society.

CORE VALUES Customer orientation Innovation rofessionalism P and trustworthiness Social responsibility

EXECUTIVE PRODUCER Bank for Investment and Development of Vietnam JSC

TRAN PHUONG 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 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, he Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has just released its semi-annual financial report for 2021 with business activities continuing to be stable and safe. According to the report, BIDV’s total consolidated assets reached over USD71.4 billion, continuing to be the largest commercial bank in Vietnam.

In the month, BIDV and Vietnam Posts and Telecommunications Group (VNPT) bolstered the partnership through a comprehensive cooperation agreement for the 2021-2026 period.

Under the agreement, the two sides affirmed to ensure long-term and sustainable cooperation, leveraging strengths of the two sides to bolster position and competitiveness in the market.

BIDV announced to reduce lending rate to support customers. In a statement released recently, BIDV said that from 15 July 2021 to the end of 2021 it would reduce lending interest rates on existing outstanding loans by an average of 1 percent per year, and by up to 2 percent per year for some difficult customer groups compared to the current interest rate.

The lending rate reduction is a timely action to support businesses, people and the economy under the impact of Covid-19.

Recently Forbes Vietnam released the list of 50 best listed companies in Vietnam. According to the list, BIDV ranked 12th and was on the list for the first time. On the global scale, BIDV has been named in Forbes Global 2000 - the Top 2000 largest public companies in the world - for the seventh consecutive year.

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With commitment to "Accompanying SMEs on development", BIDV has offered uniform and timely solutions for small and medium-sized enterprises affected by the Covid-19 pandemic.

The bank has implemented preferential credit packages to support businesses and people to access capital. In addition to providing loans with preferential interest rates, BIDV has offered service fee reduction and exemption for customers.

According to Prime Minister’s Decision 22/2021/ QD-TTg issued on 2 July 2021, banks are in the group of enterprises in which the State will hold 65 percent or more of charter capital according to the classification criteria of stateowned enterprises for the period 2021-2025. The decision will take effect on 19 August this year.

Given the complicated situation of the Covid-19 pandemic in Ho Chi Minh City, BIDV provided emergency support of VND10 billion for the city's Covid-19 disease prevention and control work.

To date, the total value of donation BIDV has made to the Covid-19 prevention and fighting work in the two years 2020 and 2021 is more than VND135 billion. In other localities across the country, BIDV's branches also quickly encouraged their employees to join hands to support local authorities and medical facilities for the prevention and fighting against the pandemic.

contents

BIDV HIGHLIGHTS

PRODUCTS & SERVICES

03. BIDV announces first-half business results 04. BIDV, VNPT bolster partnership

22. Super-fast card opening on SmartBanking 23. Additional VND75 trillion loans of low rates for individuals

06. Active and strong support for businesses 08. Lowering lending rates to support customers 09. BIDV among Top 50 best public companies

LIFESTYLE

24. Discovering the magnificent beauty of Chua Ta cave

PARTNERS

16. A helping hand for SMEs 18. Hana Bank donates VND6 billion to Covid-19 Vaccine fund

26. Song Mooc Village, a miniature Sapa CSR

19. BSC surpasses business plan

28. BIDV donates VND10 billion to Covid-19 response in HCMC

INSIGHTS

뉴스

10. Industrial property outlook

30. BIDV, 손님 지원 대출 금리 인하 31. BIDV, VNPT 파트너십 강화 32. BIDV, 중소기업 코로나-19 확산에 따른 어려움 극복 지원 34. BIDV, 베트남 50대 공기업 선정 35. 베트남 정부, 2025년까지 국영은행 지분율 65%로 감축 36. BIDV 증권, 2021년 목표 초과 달성

MARKET MOVEMENTS

12. Overcoming obstacles for dual goals 14. Forex and interbank market remains stable in H1 POLICY UPDATE

20. New regulations effective July 21. State to hold 65 percent at State-owned banks

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BIDV Highlights

A nh Duc

BIDV announces first-half business results The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has released its semiannual financial report for 2021 with stable and safe business results amid the Covid-19 pandemic.

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ccording to the report, as of 30 June 2021, BIDV’s positive business results were reflected in many aspects, particularly: total consolidated assets hit over VND1.642 quadrillion (USD71.4 billion), up 8.3 percent compared to the beginning of the year.

Customer deposits and issued valuable papers reached over VND1.391 quadrillion (USD60.5 billion), up 7.9 percent compared to the beginning of the year. Customer loans were over VND1.297 quadrillion (USD56.4 billion), an increase of 6.8 percent compared to the beginning of the year, closely equal to that of the same period in the previous years before the pandemic outbreak, and more positive than that in 2020. FDI, retail and SME segments saw good growth of 16.5 percent, 11.6 percent and 7.9 percent, respectively.

Credit quality improved positively with non-performing loan ratio under the central bank’s Circular 02 at 1.39 percent (down 0.15 percent compared to the beginning of the year). BIDV

has fully made provision for risks according to debt classification.

Safety criteria have been guaranteed according to regulations.

Non-interest income saw positive results: Net service income (excluding guarantee fee) reached VND3,199 billion (USD139.1 million), up 39 percent from the same period last year – the highest growth over the last three years.

Service income from digital banking saw an impressive growth of 75 percent compared to the same period last year.

As one of the leading financial institutions in Vietnam, BIDV actively implemented activities to support customers and communities to ease the impact caused by the Covid-19 pandemic. The bank also joined to support Covid-19 pandemic response activities such as making donation to

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the Covid-19 Vaccine Fund, providing emergency support for localities and health officers, providing necessities to people across the country with a total of VND200 billion (USD8.7 million) in the past six months.

In the first half of 2021, BIDV received positive recognition from prestigious international and domestic organizations with awards and accolades such as: World’s Top 2,000 largest public companies (Forbes magazine); Top 300 most valuable banking brands in the world (Brand Finance); Best Retail Bank in Vietnam (The Asian Banker Magazine); Best SME Bank in Vietnam (The Asian Banking & Finance magazine); Wholesale Bank of the Year (Global Banking & Finance Review); Best Bank in Vietnam (The Alpha Southeast Asia magazine), among others.

BIDV Highlights

Hai P ha m

BIDV, VNPT bolster partnership strategy, inked a memorandum of understanding on comprehensive cooperation for the 2016 - 2020 in March 2016. To date, BIDV has established a deep partnership with and provided a variety of banking products and services for VNPT. The two parties are working on cooperation to implement new services based on Industry 4.0 in tandem with digital transformation.

Headquarters of BIDV in Hanoi

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Vietnam Posts and Telecommunications Group (VNPT) signed a comprehensive cooperation agreement for the 20212026 period.

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r. Le Ngoc Lam – Chief Executive Officer of BIDV and Mr. Huynh Quang Liem – Acting Chief Executive Officer of VNPT represented the two sides to sign the agreement at a ceremony held in Hanoi on 7 July 2021.

Under the agreement, BIDV and VNPT affirmed to be their respective strategic partners, ensuring longterm and sustainable cooperation in line with business plans, leveraging strengths of the two sides to the extent permitted by law, maximizing potentials, bolstering position and competitiveness in the market.

Earlier, BIDV and VNPT, with similar operational scale and development

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Commenting on the cooperation for the period 2021 - 2026, Mr. Phan Duc Tu, Chairman of the Board of Directors of BIDV, emphasized that by leveraging modern digital technology as well as potential and advantages of each party, BIDV and VNPT will make greater efforts to research and launch new breakthrough products to the market.

“We are committed to promoting our respective advantages in terms of scale, technology, transaction network and human resources to successfully implement the strategic cooperation agreement in the new phase, creating values and benefits for both sides, community and society, contributing to the successful implementation of the National Digital Transformation Program”, said Mr. Tu. Mr. Pham Duc Long, VNPT chairman affirmed that VNPT and BIDV will work together to successfully implement the digital transformation. VNPT will conduct survey and advise BIDV on IT services and products on digital platforms (AI, Big Data, IoT,...).

BIDV Highlights

Both VNPT and BIDV have tens of millions of customers nationwide thanks to their large scale and wide coverage of transaction points. It is an extremely valuable big data warehouse that the two sides can jointly research and exploit to create new business products and business models, thereby expanding and bringing better experiences to customers.

BIDV has shaped its vision to become one of the leading financial institutions in Southeast Asia, having the best digital platform in Vietnam, striving to be among Top 100 largest banks in Asia. For VNPT, the group defines its vision to become the leading digital service provider in Vietnam and a digital hub in Asia.

Headquarters of VNPT in Hanoi

BIDV is the largest commercial bank in Vietnam by total assets and charter capital. As of the second quarter of 2021, the bank’s total assets reached over USD71.4 billion. BIDV boasts a wide network of nearly 1,100 domestic and foreign branches and transaction offices, establishing partnerships with 2,300 financial institutions globally.

BIDV has accelerated digital transformation through developing modern digital banking services and implementing key IT projects such as 2021 - 2025 Digital Transformation Strategy with vision to 2030; launching new generation Smart Banking digital banking app which marks an important milestone in the bank’s digital transformation journey towards bringing the best digital

service experiences, utilities, and added values to customers; launching the SME Digital Transformation Program (SME Digitrans) that supports businesses to accelerate digital transformation; implementing key IT projects such as Corebanking system transformation, loan management solution (CROMS).

A technology group, VNPT is one of the largest companies in Vietnam, taking on the mission of pioneering in the implementation of the National Digital Transformation Program, developing digital service infrastructure, as well as participating in the formulation of digital government, digital businesses and digital society, contributing to Vietnam’s fast and sustainable growth

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in the next stage of development.

Regarding developing e-government, VNPT has been entrusted by the government to complete the national infrastructure systems such as national public service portal, governmental reporting information system; national population database system, among others. VNPT also participates in consulting and implementing e-government towards digital government and smart cities in provinces and cities across Vietnam.

BIDV Highlights

Thu Trang

Active and strong support for businesses BIDV and the banking industry have actively and uniformly implemented solutions to support customers affected by the Covid-19 pandemic.

Solutions to ease difficulties for borrowers Since the beginning of 2021, BIDV has implemented preferential credit packages to support businesses and people to access capital at a reasonable cost to promote production and business activities, overcome difficulties caused by the Covid-19 pandemic. These include short-term credit packages of more than VND350 trillion (USD15.2 billion) at the average interest rate of 4.5~5.0 percent/ year, 1-2 percent/year lower than the normal lending rate; a foreign currency loan package of USD1 billion at the average lending rate of only about 2.5 percent/year, 1-1.5 percent lower than the normal lending rate. Especially for some import-export customers, the preferential lending rate is only between 1.5 percent and 2.0 percent.

For medium and long-term credit, BIDV has launched credit packages totaling up to VND65 trillion (USD2.8 billion) at an average lending rate of 7.1 percent/ year only, 1.5 -2 percent/year lower than the bank’s average medium and long-term interest rate. In particular, BIDV has implemented a VND35 trillion (USD1.5 billion) medium and long-term credit package with lending

interest rate fixed in 5 years which enables customers to easily determine financial costs during their investment period.

Following the direction of the State Bank of Vietnam, BIDV has also directed branches across the system, especially those in the pandemic

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areas such as Bac Ninh, Bac Giang, Hai Duong, Quang Ninh, and Ho Chi Minh City... to ensure pandemic prevention and control measures, comply with the direction of the Prime Minister, the National Steering Committee for Covid-19 Prevention and Control and local authorities. At the same time, the bank’s branches

BIDV Highlights

authorities and customers to find out the needs to provide capital for production in a timely manner according to the direction by the State Bank and provincial authorities.

Policies for customers affected by Covid-19 In addition to providing credit programs with preferential interest rates, BIDV has offered service fee reduction and exemption for customers such as free money transfer on e-banking, free payroll payment, free connection from customer's ERP system to BIDV's e-banking system, free online bill payment, electronic collection and payment, and virtual accounts, etc. In order to support small and medium enterprises to accelerate digital transformation, BIDV has implemented a free two-year use fee for BMP business management software, and MISA accounting software.

also proactively developed operating plans and scenarios to ensure business continuity, in all situations, to fully meet the needs for capital and banking products and services of businesses and people. BIDV branches in areas where businesses and people are harvesting agricultural products have actively coordinated with local

On top of that, following the direction of the State Bank of Vietnam on debt structuring, maintaining the debt group for customers affected by the Covid-19 pandemic, BIDV has actively implemented the restructuring of debt repayment period, exempting, reducing interest and fees, maintaining debt group for customers in accordance with the regulation of the State Bank, particularly: by the end of April 2021, BIDV had restructured debt, keeping the debt group unchanged for more than 2,300 corporate customers with a total restructured principal and interest of nearly VND23 trillion (USD1 billion).

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BIDV has also reduced lending rate on existing outstanding loans of 127 corporate customers (loans disbursed before 1 April 2020) affected by the Covid-19 pandemic worth VND36 billion (USD1.6 million).

BIDV's total net income reduction due to interest exemption and reduction and debt structuring in 2020 was nearly VND6,000 billion. BIDV estimated that the total resources BIDV supports customers affected by the Covid-19 pandemic in 2021 are up to VND6,100 billion (USD265 million).

Currently, interest rates are still basically stable, an uptrend is possible but not too much at the end of the year when credit demand increases.

As a state-owned commercial bank pioneering in implementing guidelines and policies of the Government and the State Bank, contributing to the macroeconomic stability, BIDV has been implementing solutions such as: cutting costs, effectively restructuring capital sources to facilitate further reduction of lending interest rates, supporting and accompanying businesses and people to overcome difficulties, contributing to the recovery of production and business after the pandemic.

Although it is difficult to increase deposit interest rates and maintain stable lending rates to support businesses, as a market leader BIDV has been implementing many other solutions to accompany and support businesses.

BIDV Highlights

Pham Van

Lowering lending rates to support customers directly affected by the Covid-19 pandemic such as accommodation, restaurant services, resorts, hospitality, transportation; Customers in epidemic areas, enterprises manufacturing essential goods for the economy, or employing a large number of laborers; and those suffering a decline in business activities.

In the first half of 2021, BIDV launched credit packages at preferential interest rate totalling up to VND368 trillion (USD16 billion) and actively reduced income by VND2,500 billion (USD109 million) to support customers.

BIDV announced to reduce lending rate by up to 2 percent compared to the current rate for a number of customer groups affected by Covid-19.

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n a statement released recently, BIDV said that from 15 July 2021 to 31 December 2021 it would reduce lending interest rates on existing outstanding loans by an average of 1 percent per year, and by up to 2 percent per year for some difficult customer groups compared to the current interest rate. This action is a response to the policy of the Government and the State Bank of Vietnam on the implementation of solutions to support customers to recover, maintain and boost production and business given the complicated developments of the Covid-19 pandemic.

Particularly, BIDV’s lending rate reduction on existing outstanding loans is applicable to: Customers

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For the remainder of the year, BIDV plans to continue to support customers affected by the Covid-19 pandemic with a total of up to VND3,600 billion (USD157 million), including interest reduction of VND2,000 billion (USD87 million) on existing loans and VND1,600 billion (USD70 million) for new loans. Thus, the total resources BIDV expects to support customers affected by the Covid-19 pandemic in 2021 are up to VND6,100 billion (USD265 million).

BIDV expressed its hope that the lending rate reduction is a timely action to support businesses, people and the economy under the impact of Covid-19. This demonstrates the responsibility of a state-owned bank that always pioneers in implementing the policies of the government and State Bank of Vietnam.

BIDV Highlights

Tu e Minh

BIDV among Top 50 best public companies Top 50 best public companies in Vietnam 2021 had combined revenue of more than VND1.2 quadrillion (USD52.5 billion), up 8.7 percent from 2020.

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orbes Vietnam recently released the list of 50 best companies listed on Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) which have the best business performance in 2021. According to Forbes Vietnam’s data, the 50 companies achieved a total revenue of more than VND1.2 quadrillion and profit after tax increased to nearly VND175 trillion (USD7.6 billion).

According to the list, BIDV ranked 12th. On the global scale, BIDV has been named in Forbes Global 2000 - the Top 2000 largest public companies in the world - for the seventh consecutive year. According to VNR500 rankings, BIDV is among Top 10 largest companies in Vietnam for 4 years running.

Most of the companies on the list have successfully established their competitive position in the market, leading not only in their industries but also in the country’s economy.

Forbes Vietnam’s evaluation is based on criteria including compound growth rate of revenue and profit, ROE-ROC ratio and EPS growth for the period

2016-2020; qualitative survey to assess the level of sustainable development of the enterprise: the company's position in the industry, the source of profits, the quality of management, the prospect of industry development.

Evaluation data based on the audited financial statements of the enterprise, its dependent subsidiaries or having a low business position are not considered.

Given the impact of the Covid-19 pandemic, many industries have experienced strong fluctuations and disruptions, resulting in the change of top 10 rankings compared to the 2020 list.

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Companies in the financial and banking sector had a good year of business, with three banks in the top 10 in terms of revenue this year. In the Top 10 by profits, banks have seven representatives. This is the biggest change of the top 10 in this year list.

Overall, the list of 50 best public companies in 2021 has seen 19 changes, of which 8 companies return to the list and 11 on the list for the first time. The pandemic has slowed down the tourism industry and disrupted the supply chain, resulting in the absence of airline and transportation service representatives in the list.

partners

Hu y en Truc

A helping hand for SMEs

With commitment to "growing together", BIDV has offered uniform and timely solutions for small and medium-sized enterprises (SMEs) affected by the Covid-19 pandemic.

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he Covid-19 pandemic has developed complicatedly around the globe. Given the world economy's deep recession due to the pandemic, as the lifeblood of the economy, banks have strengthened supporting and easing difficulties for businesses, contributing to economic recovery and pandemic prevention and fighting work.

Sharing difficulties In order to ease difficulties and support SMEs to maintain and restore production and business activities, BIDV

has proactively implemented a series of preferential policies for SMEs such as reducing lending rates on existing loans by 1 percent/year on average, and by up to 2 percent/year compared to the current interest rate for a number of customer groups with difficulties, rescheduling repayment term, keeping the debt group as well as launching short-term credit packages totalling up to VND200 trillion (USD8.7 billion) at competitive lending interest rates.

Dai A Plastic Joint Stock Company is an enterprise operating in the field of manufacturing and exporting plastic beads. Its factory is located in Thuan Thanh Industrial Park, Xuan Lam Industrial Cluster, Bac Ninh province, about 30km from Hanoi. During the recent Covid-19 outbreak in the province, the company's operations were severely affected. Production was disrupted due to workers being under quarantine while import of raw

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materials and sale of products faced difficulties. Given the difficulties facing the business, BIDV actively took action to reduce lending interest rates for the customer.

Mr. Nguyen Quoc Doanh, Director of Dai A Plastic Joint Stock Company highly appreciated BIDV's timely support. Mr. Doanh said: “BIDV’s interest rate reduction has helped ease our financial pressure, particularly in the extremely difficult situation. Thanks to the financial support, along with the preferential interest rate offered by the bank, our company can sustain production and business activities.”

In addition to rate reduction programs, BIDV launched “Covid-19 relief comprehensive financial program for women-led small and medium-sized enterprises. Particularly, BIDV offers solutions including restructuring loans with extended repayment term from

partners

managing business activities through a diversified digital ecosystem, including hi-tech products and services such as electronic tax payment, 24/7 online bill payment, omnichannel payment, cash flow management, electronic collection service, virtual account solutions, etc.

six months and above; supporting six months of interest up to USD10,000 per customer, applicable to structured loans with principal and interest emerging since the Covid-19 pandemic was announced in Vietnam. BIDV also applies free structured penalties and fees related to debt structuring.

for 7 years. “We have always received financial support and comprehensive advice from the bank. In the difficult business situation, BIDV's support is of great significance to the existence and operation of our company”, said Mrs. Huong.

Growing together Huong Giang Trading Service Joint Stock Company is a beneficiary under the above program. The company's Huong Giang Supermarket General Service Trading Center project was put into operation during the complicated developments of the Covid-19 pandemic, which reduced the company's revenue and ability to repay debt. To support the customer, BIDV restructured the repayment term, and waived 6 months of loan interest.

Mrs. Nguyen Thi Huong, the company’s chairwoman, said that the company has established relationship with BIDV

Along with solutions to helping businesses overcome difficulties caused by the Covid-19 pandemic, BIDV has deployed digital solutions for businesses’ development.

BIDV has launched an online loan program for SMEs with quick and convenient procedure, aiming to help SMEs quickly access bank loans, reduce costs and travel time in the context of the Covid-19 pandemic.

The bank provides SMEs with convenient solutions to controlling and

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In particular, in order to boost digital transformation, apply modern technology to governance and financial - accounting management, BIDV launched a SME Digital Transformation program (SME Digitrans). The bank has cooperated with MISA Joint Stock Company and Kiu Vietnam Co., Ltd. to offer incentives to at least 600 small and medium-sized businesses such as a free 2-year fee for BMP business management software, free accounting software MISA SME.NET 2020 Professional + meInvoice. BIDV also offers free-of-charge BIDV ERP connection between BIDV's iBank service - an application for institutional customers - and the above-mentioned software. In the coming time, the SME Digitrans program will continue to prioritize resources to support women-led SMEs, start-up businesses, enterprises in rural and remote areas.

BIDV's efforts to grow together with SMEs over the years have been recognized by prestigious international organizations. The bank has been honored as the Best SME Bank in Southeast Asia 2021 as voted by Global Banking and Finance magazine, and Best SME Bank in Vietnam as voted by Alpha Southeast Asia magazine and Asian Banking and Finance magazine.

partners

Ngo c Nhat

Hana Bank donates VND6 billion to Covid-19 Vaccine Fund On 14 July 2021, at the headquarters of the Central Committee of the Vietnam Fatherland Front, Hana Bank - the strategic partner of BIDV - made a donation of VND6 billion (around USD260,000) to Vietnam’s Covid-19 Vaccine Fund.

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n response to the call of President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh for the country’s fight against the Covid-19 pandemic, Hana Bank donated VND6 billion to the Fund via the account opened at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

Mr. Nguyen Huu Dung, Vice Chairman of the Central Committee of the Vietnam Fatherland Front, expressed his thanks and spoke highly of Hana Bank’s support to Vietnam’s Covid-19 response. This donation will provide more resources to Vietnam’s vaccine supply program, thus more people will be vaccinated and disease prevention measures could successfully be implemented. Not only for economic development cooperation, the contribution of Korean businesses to Vietnam’s community activities also help to foster the friendship and promote the cooperation between the two countries.

Representatives of Hana Bank, BIDV and Central Committee of the Vietnam Fatherland Front pose for a photo in Hanoi

Mr. Ham Jin Sik – Director of Hana Bank Hanoi Branch said: “It’s our honour to contribute to the Covid-19 Vaccine Fund and join hands with the Government and people of Vietnam to achieve the "dual" goal of preventing the pandemic and ensuring production and business development, therefore contributing to the overall growth of the Vietnamese economy. Hana Bank and BIDV will continue to stand side by side with the Vietnamese people to overcome the pandemic.”

Hana Bank is a member unit of Hana Financial Group - one of the largest financial groups in Asia, providing comprehensive financial - banking

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products. In November 2019, upon the approval of the Governments and competent authorities of Vietnam and South Korea, KEB Hana Bank, now Hana Bank, officially became the foreign strategic shareholder of BIDV. The companionship and sustainable development between Hana Bank and BIDV contributes to the cooperation of the leading enterprises in Vietnam and South Korea, further promoting diplomatic relations and laying solid foundations for long-term economic and social relations between the governments and people of the two countries.

partners

Vu Ky

BSC surpasses business plan BSC posted pre-tax profit of VND216 billion (USD9.4 million) in the first six months of 2021, fulfilling 120 percent of the business plan in 2021.

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n 20 July 2021, the BIDV Securities Joint Stock Company (BSC, stock ticker: BSI) announced a half-year business performance report with pre-tax profit of VND216 billion, meeting 120 percent of the business plan in 2021.

According to the financial statement, BSC's operating revenue in the second quarter of 2021 reached more than VND347 billion (USD15.1 million), 1.4 times higher than the same period last year. Accumulated operating revenue of the company in the first 6 months hit VND615 billion (USD26.7 million) with a good increase in all 3 segments: brokerage, financial advisory and proprietary trading.

BSC's pre-tax profit in the second quarter of this year hit VND145.6 billion (USD6.3 million), 1.5 times higher than the same period last year.

The accumulated pre-tax profit in the first 6 months of 2021 reached VND216 billion, surpassing 20 percent against the business plan as approved by the company’s General Meeting of Shareholders.

Such results reflect BSC's great efforts in improving the quality of products and services, especially in the securities brokerage segment with the introduction of a series of new features such as online securities account opening application, eKYC technology, trading advisory and customer support on Zalo platform (Zalo Securities BSC), deploying the function of transferring/depositing money to securities accounts quickly through the identification number 9618, etc.

According to the announcement of Hanoi Stock Exchange (HNX) and Ho Chi Minh City Stock Exchange (HoSE), BSC is among the Top 8 securities companies with largest derivatives

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brokerage market share, the Top 2 securities companies with the largest government bond brokerage market share on the HNX and Top 10 among securities companies with the largest stock and fund certificate brokerage market share on HoSE in the first six months of 2021.

In addition to business effort, BSC also implements many social security activities such as making donation to the Covid-19 vaccine fund, sponsoring RMIT Research Challenge, etc.

Insights

Q u oc Kha nh

Industrial property outlook Industrial real estate is closely related to industrial production activities, economic sectors and plays an important role in the country’s production and economic development.

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he Government’s Decree No. 82/2018/ND-CP dated 22 May 2018 is regulating the management of industrial zones and economic zones. According to the Ministry of Planning and Investment, by the end of June 2021, Vietnam had 394 industrial zones. There were about 10,853 valid foreign production and business projects with a total registered capital of USD228.4 billion, 69 percent of which has been realised. Domestic investors had 10,186 valid projects with a total registered capital of about VND2.53 quadrillion (USD110 billion), 45.4 percent of which has been realised.

BIDV Training and Research Institute has recently released a report analysing advantages, challenges as well as updating the outlook of this sector.

Vietnam leads in cost advantage Cost is still an important factor that helps Vietnam's industrial zones compete with other countries in the region and globally. According to Savills’s research in 2021, operating cost of an industrial zone is scored on 3 main factors, namely land rent, labor, and electricity and gas cost. Vietnam's cost score is at the best level compared to other countries in the world.

Vietnam is an attractive destination in the China-Plus-One strategy of many multinational corporations for diversifying investment and dispersing

global production and supply chains.

The country received large industrial production projects from different countries such as South Korea with 9,076 projects worth USD71.8 billion, Japan with 4,701 projects valued at USD63.2 billion, Singapore with 2,706 projects totaling USD61.8 billion.

Foreign investors also express interest in industrial property business given the influx of foreign investment into Vietnam.

According to the Ministry of Construction, in 2020 industrial property saw positive growth in both

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rent and occupancy rate (the national average occupancy rate was about 73 percent). Due to the shift of production from China as well as the EVFTA, demand for industrial land has also increased across the country. In the first 5 months of 2021, average rent of industrial zones in Ho Chi Minh City and Hanoi continued to be high while the supply remained unchanged.

Challenges for industrial zones Ability to fight against the Covid-19 pandemic effectively to ensure business

Insights

Vietnam has not developed different types of industrial zones, including ecological ones. Eco-industrial zones will effectively save a large amount of water, energy and input materials, implement industrial symbiosis, thus significantly reducing production costs, waste and emissions, contributing to environmental protection.

Some industrial zones have poor technical infrastructure with no wastewater and industrial waste treatment plants. According to the data released by the Ministry of Planning and Investment, only 89.8 percent of industrial zones have wastewater treatment plants while the target set for 2020 is 100 percent.

Some industrial zones also do not have a complete system of classifying solid waste and hazardous waste.

The outlook of the industrial property is positive

continuity is the immediate difficulty of industrial zones. The Covid-19 pandemic strongly hit industrial zones in both the northern and the southern regions, causing many factories to cease or suspend operations.

Currently, 286 industrial zones across the country have been put into operation and play an important role in the economic growth. However, the operation of industrial zones is only regulated by the government decree, with no law on management of industrial zones. This causes difficulties for enterprises in carrying out investment and production procedures as well as affecting their development in the industrial zones. Industrial property developers when investing in projects also face difficulties in site clearance and legal procedures related to industrial zone development.

Outlook update In recent years, industrial zones developed dispersedly, resulting in different occupancy rates. While many industrial zones in Hanoi and Ho Chi Minh City have high occupancy rates up to 90 percent, those in the northern mountainous and central coastal provinces have low occupancy rates, even at 40 percent.

The outlook of industrial property development is assessed to continue to be positive thanks to the following factors: Economic growth: Given the accelerated global vaccination progress, the world economy and Vietnam's economy in

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particular are forecast to recover in 2021. The BIDV Training and Research Institute forecasts Vietnam’s economic growth in 2021 to be at about 6.1 - 6.3 percent for base scenario provided that Vietnam's main trading and investment partners accelerate their vaccination programme and achieve herd immunity in 2021. In the coming years (2022-2025), it is forecast that Vietnam's economy will continue to recover, possibly reach a growth rate of 6.5-7.0 percent. The macro-economic environment is forecast to remain stable, with inflation being controlled below 4 percent.

Foreign investment attraction: Vietnam still has many competitive advantages, actively participating in many new generation FTAs and is considered as one of the most attractive investment destinations. The government of Vietnam and localities are making great efforts in fine-tuning institutions and improving the investment environment to attract high-quality FDI inflows which are forecast to continue in the coming years. The BIDV Training and Research Institute forecasts that in 2021 FDI capital will continue to be positive with USD30-32 billion being attracted. In the period of 2021-2025, it is forecast that Vietnam will continue to attract about USD150-200 billion, or about USD30 billion per year.

The trend of shifting supply chains is forecast to continue in the coming time in the context of the lingering trade and technology tensions between the US and China. Vietnam will continue to hold a positive advantage from high economic growth coupled with the trend of shifting investment and supply chains out of China. The role and position of Vietnam in the process of restructuring the global production chain will create a breakthrough in the demand for industrial real estate.

market movements

Tha nh B inh

Overcoming obstacles for dual goals Despite Covid-19, Vietnam showed positive economic growth in the first six months of 2021 at 5.64 percent.

Positive growth Vietnam’s GDP expanded 5.64 percent in the first half of the year, marking a jump from 1.81 percent in the same period in 2020, yet stepping back from 6.76 percent in 2019. In the second quarter only, GDP grew by 6.61 percent, surging from 4.65 percent of the previous quarter, while staying uniform with 6.71 percent of Q2/2019.

Amid the Covid-19 pandemic, Vietnam showed its high potential growth and desire to maintain “the dual goals”. Inflation was under control despite the increase of global money supply and commodity prices. CPI and core inflation in the first half of 2021 increased by 1.47 percent and 0.87 percent, respectively compared to the same period last year due to commodity prices.

Despite pandemic-hit industrial zones, import and export activities strived to maintain growth momentum. In the first 6 months of the year, total import and export turnover of goods was estimated at USD316.73 billion, increasing by 32.2 percent compared to the same period last year, thanks to both import and export’s growth.

In particular, export of goods was

estimated at USD157.6 billion and import of goods USD159.1 billion, growing by 28.4 percent and 36.1 percent, respectively. As a result, the trade balance witnessed a trade deficit of USD1.5 billion, implying a sign of economic recovery as imported goods were mainly raw materials and machinery for production.

Foreign direct investment prospered in terms of newly and additionally registered capital. By 20 June 2021, registered FDI capital was estimated at USD15.27 billion, of which newly and additionally registered capital increased by 13.2 percent and 10.6 percent, respectively compared to the same period last year. FDI disbursement in the first 6 months reached USD9.24 billion, an increase of 6.8 percent over the same period last year.

Stable interest rates and exchange rates contributed to macroeconomic stability. Deposit and lending interest rates were relatively stable, despite a slight increase in deposit interest rates at some banks. Meanwhile, exchange rates also maintained a stable level as the central exchange rate increased only by 0.2 percent and the interbank exchange rate decreased by 0.32 percent, despite the 2.2 percent increase of USD compared to the beginning of the year. The figures were reached thanks to flexible monetary policy and stable lending rates from the government and the State Bank

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of Vietnam to support the people and businesses.

The stock market set many records, including a historic peak of over 1,400 points, cumulatively 483,000 new accounts opened by the end of May 2021. The bond market was also active in both the government bond and corporate bond segments.

Vietnam's international reputation has been enhanced thanks to positive results in integration and external relations activities. Vietnam is one of the few countries in the globe whose outlook has been recently upgraded to "Positive" in the first 6 months of 2021 by all three reputable credit rating agencies, Moody's, S&P and Fitch. At

market movements

the same time, Vietnam has fulfilled its role as the chair of the United Nations Security Council, raising an active voice at the ASEAN Leaders' Meeting, and promoting foreign affairs and international integration.

Challenges ahead On the other hand, Vietnam's economy is still facing a lot of difficulties and challenges which require great efforts and determination to achieve the “dual goals” of fighting the pandemic while promoting social-economic development.

While the pandemic is still ongoing in an unpredictable trajectory, Vietnam’s vaccination rate stays low. The 4th

wave of the pandemic in Vietnam has spread in 50 localities, seriously affecting socio-economic activities and has yet been controlled; thereby potentially affecting the economic recovery, production and business activities, as well as the health system.

By 30 June, only 3.6 percent of the population had been vaccinated, far to reach herd immunity (70 percent).

Enterprises continue to face a lot of difficulties due to the outbreak of the pandemic. The number of enterprises suspending business for a definite term increased by 22.1 percent over the same period in 2020; the number of enterprises completing dissolution procedures increased by 33.8 percent (the highest rate in the period of 2018 - 2021).

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Public investment disbursement was slower than planned. In the first 6 months of the year, total disbursement reached VND171.9 trillion (USD7.8 billion), contributing to 36.8 percent of the year plan, increasing by 10.2 percent over the same period last year and seemed to slow down due to the pandemic.

Despite positive business results of banks, bad debts are increasing, thus year-end results will be affected due to provision for credit risk in the 3-year roadmap (2021 - 2023) for restructured debts according to State Bank’s Circular 03. In addition, difficulties in the business operation will result in the increase of bad debts.

market movements

Tu ng D o

Forex and interbank market remains stable in H1 In the first 6 months of 2021, the forex and interbank markets in Vietnam maintained a stable trend and are forecast to continue to be stable for the remainder of the year.

policy of reducing the forward price by 150 points to 22,975 (~0.6 percent) in early June was a reasonable change in the context that many currencies in the world tended to appreciate against the USD since the beginning of the year, the domestic foreign currency supply was abundant and confidence in the value of the domestic currency strengthened.

Stable forex market

In the second half of the year, the USD/VND exchange rate is forecast to remain stable. Foreign currency supply and demand are expected to continue improving as the balance of trade in goods returns to surplus, and foreign investment capital steadily grows, etc. along with the flexible and responsive regulation by the State Bank. These will be important factors that support the stability of the exchange rate. The USD/VND exchange rate is forecast to fluctuate by 0.5 percent compared to the level at the end of the second quarter.

Vietnam's currency continued to maintain strength in the first half of 2021 with a slight increase of 0.3 percent against the USD in the context of abundant foreign currency supply and demand as well as low international pressure. Although the balance of trade in goods saw a deficit of USD1 billion, other foreign currency supply components were still positive such as FDI disbursement reaching USD9.2 billion (up 7 percent over the same period), and successful M&A deals such as SK Group buying shares at VinCommerce (USD410 million), Alibaba buying shares at CrownX (USD400 million) or international bond issuance deals by Vingroup (USD500 million), BIM Group (USD200 million). )... In the international market, the US Dollar Index moved sideways in the range of 89-93 and basically did not create much impact on the domestic exchange rate.

In addition, it is not without mentioning the regulation role of the State Bank of Vietnam (SBV) towards more flexibility and close monitoring of the market developments. The SBV's

Increasing interbank interest rate The VND interest rate in the interbank market increased sharply in the first 6 months as overnight to 1 week terms increased by about 80-100 points to 1. 1 - 1.3 percent/year from 0.2-0.3 percent/year. Interest rates were still supported by the SBV's easing monetary policy with solutions focused on supporting businesses to boost the economic growth. The strong credit growth and weaker capital mobilization caused the interest

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rate level in market 2 to increase.

According to the General Statistics Office of Vietnam, as of 21 June, capital mobilization only increased by 3.13 percent (compared to 4.35 percent of the same period last year), while credit growth was much higher at 5.17 percent (compared to 2.45 percent of the same period last year).

market movements

Government bond rate down to record low The government bond interest rate in the secondary market fell sharply to a record low level in the first 6 months of the year. Particularly, the 10-year tenor interest rate dropped to about 2.2-2.5 percent/year. Investment demand remained positive in the context of low inflation pressure, high volume of maturing government bonds and expectation that regulator’s easing policy will not change. Meanwhile, the State Treasury’s issuance pressure in the primary market was not too great due to high State budget surplus. By the end of June 2021, the State budget surplus hit VND82 trillion (USD3.7 billion) – the highest ever since 2016.

It is forecast that interest rates will remain flat in the last 6 months of the year. The average overnight to 1 week term rate is around 0.6 - 0.8 percent. The VND interbank liquidity is supported by the cash flow of currency forward trading in the first 6 months which is expected to be a very large volume (about

VND160 trillion, equivalent to USD7 billion). However, interest rates are unlikely to fall sharply as liquidity is unevenly distributed among credit institution groups. Meanwhile, capital mobilization and credit are expected to grow quite balancedly in the second half of the year, estimated at 5.5-6.5 percent.

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In the second half of the year, the interest rate decline is expected to slow down. Instead, it will move sideways or slightly increase. There is not much room for interest rate decrease when compared with policy interest rates, VND interbank rates or inflation. In addition, interest rates are also under pressure to increase due to the State Treasury’s expectedly increasing issuance pressure as the State budget balance is less favorable in the second half of the year. However, the increase in interest rates is unlikely to be too high in the context of the SBV's easing monetary policy and improved VND interbank liquidity.

Policy update

Duy Anh

New regulations effective July registration book and temporary residence book will be still valid until 31 December 2022. Population management agencies only update and adjust citizen information in the database on residence, do not re-issue or renew household registration books and temporary residence books. The management of citizens’ residence will be implemented digitally through the National Database of Population, Residence and Personal Identification Numbers. Each citizen has only one permanent residence and no more than one temporary residence.

Seven cases exempted from environmental protection fee

BIDV Review introduces a number of regulations related to purchasing shares upon equitisation of State-owned enterprises, residence and environmental protection fee for wastewater which take effect this July.

Subjects eligible to purchase shares upon equitisation of State-owned enterprises (SOEs) Circular 32/2021/TT-BTC issued by the Ministry of Finance guiding the initial public offering and the management and use of proceeds from the equitisation of state-owned enterprises takes effect on 1 July 2021.

Accordingly, the subjects eligible to purchase shares upon equitisation of SOEs include: Domestic investors,

foreign investors as prescribed in Clauses 1, 2, Article 6 of the Government’s Decree 126/2017/ ND-CP and Clause 3, Article 1 of the Government’s Decree 140/2020/ ND-CP being organizations and individuals, including employees and managers in the equitized enterprises; Strategic investors who are domestic and foreign investors fully satisfying the conditions specified at Point a, Clause 3, Article 6 of Decree 126/2017; Subjects specified in Article 42 of Decree 126/2017, and Clause 21, Article 1 of Decree 140/2020; Trade unions at equitized enterprises as prescribed at Point b, Clause 2, Article 33 of Decree 126/2017.

Residence management implemented digitally On 13 November 2020, the National Assembly passed the Law on Residence with the following new points: From 1 July 2021, the issued household

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On 5 May 2020, the Government issued Decree No. 53/2020/ND-CP on environmental protection fee for wastewater. Organizations, households and individuals that discharge industrial or domestic wastewater are eligible for environmental protection fee under this decree.

Under this decree, the following 7 cases are exempted from environmental protection fee: Wastewater from hydroelectric power plants; Discharge of seawater for salt production; Organizations, households, and individuals working and living in areas without a water system; Cooling water that is not in contact with pollutants and has a dedicated discharge pipe; Storm water; Wastewater from fishing activities by fishermen; Wastewater from centralized urban wastewater treatment systems that meet the environmental technical standards specified in the Governmental Decree No. 80/2014/ND-CP.

Policy update

Thu y Ha

State to hold 65 percent at State-owned banks chemical production; air transport; petroleum import with a market share of 30 percent or more; cigarette production.

The State will continue to maintain ownership of 65 percent or more at stateowned banks until 2025. ccording to Prime Minister’s Decision No. 22/2021/QD-TTg issued on 2 July 2021, banks are in the group of enterprises in which the State will hold 65 percent or more of charter capital according to the classification criteria of stateowned enterprises for the period 20212025. The decision will take effect on 19 August this year.

of airports; airfield operational services; large-scale mineral mining according to current regulations on classification of mineral deposits; aviation navigation information, monitoring and meteorological services; production of cartoons for children ordered or sponsored by the State; food wholesale which plays the role of ensuring great balance of the economy, stabilizing the market and performing political tasks; finance, banking (except insurance, securities, fund management companies, finance companies and finance leasing companies).

In addition, the State will hold 65 percent of charter capital in seven sectors (after business conversion and divestment) in the next 5 years including: management and operation

The State will also hold over 50 percent to less than 65 percent of charter capital in the fields of exploitation, production and supply of clean water and urban and rural drainage; basic

A

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Sectors and fields in which the State will hold 100 percent of the charter capital, including surveying and mapping for national defense and security; manufacturing and trading in industrial explosives and blasting services, national power transmission and distribution grid management, construction and operation of large power plants; lottery; money printing and minting, producing gold bars and gold souvenirs; policy credit for socio-economic development, deposit insurance, trading and handling bad debt in association with restructuring credit institution system, etc.

However, the decision also clearly states that, with the functions and tasks assigned, ministries are responsible for actively amending or proposing to competent agencies for amendments to relevant regulations in order to address difficulties encountered in implementing this Decision. The Ministry of Planning and Investment will be the focal point to submit to the Prime Minister for consideration and approval of the enterprise restructuring plan for the period 2021-2025 in the third quarter of 2021.

products & services

Tr a Nguyen

Super-fast card opening on SmartBanking Since its launching, BIDV SmartBanking has functioned as an e-teller to provide customers with common retail services, including card services with optimal features and quick turn-around time, thereby saving customers’ time and enhancing their experience in the whole journey.

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reviously, to perform cardrelated transactions, customers had to visit the nearest branch/ transaction office or ATM, which was very inconvenient and time consuming.

Deeply understanding customers’ need to transact anytime, anywhere, in March 2021, BIDV launched BIDV SmartBanking with more than 10 card features, including the two most outstanding ones, which are “PIN change/PIN query” and “Online card issuance”, enabling customer’s selfservice at home.

PIN query and change PIN forgetting is a problem commonly faced by customers, especially with credit cards. In this situation, SmartBanking is a perfect solution when customers can make PIN query or change with just a few simple steps thereon. Cardholders are identified by their ID number and date of birth, making this process totally safe and secure. This is a favorite feature since

BIDV SmartBanking offers a variety of choices for customers

customers not only have a chance to select easy-to-remember PIN, but also save time and money not having to visit the Bank’s counter or ATM. Change PIN: Completely new feature for international cards, especially VISA cards. For the first time, international cardholders can change their PIN on the App without visiting BIDV’s branch/ transaction office/ATM. The feature also applies to domestic debit cards These two features can help customers to query their PIN and then change to an easy-to-remember PIN. Remembering a long, complicated and fixed series of number is no longer necessary.

Online card issuance Customers who have carried out eKYC at BIDV’s branches/transaction offices

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can use BIDV SmartBanking to register for online issuance of all types of BIDV cards, including international credit/ debit cards and domestic debit cards.

Users should update to the latest version of the app to experience this service.

For diversified choices for customers, BIDV offers both physical cards and non-physical cards - one of the latest trends of technology today. As an e-banking app, BIDV SmartBanking allows customers to register and activate their card online, receive a non-physical card immediately or a physical card at their registered address. With enhanced security, customers completely rest assured to use this virtual card without worrying about losing their physical card.

products & services

A nh Tran

Additional VND75 trillion loans of low rates for individuals verge of recovery after a new wave of Covid-19 pandemic and give hope to customers in locations still heavily affected by the pandemic.

In order to meet the needs of individual customers for production and business loan, from 1 July 2021, BIDV expands its loan package by VND75 trillion (USD3.3 billion), to reach VND135 trillion (USD5.9 billion).

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ccordingly, from now until the end of 30 September 2021 or until the package is fully disbursed, customers will continue to enjoy a preferential interest rates from only 5 percent p.a for loans with term of less than 6 months or from only 5.5 percent p.a. for loans with terms from 06 months to 12 months.

Adding more capital to the market at this period time will help individual customers easily access preferential capital, promote production and business activities that are on the

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Customers who borrow capital for production and business during this time will simultaneously be eligible for many attractive incentive programs, other products and services such as e-banking, insurance, deposit,... for an effective management of personal account such as: incentives for registration and use of BIDV SmartBanking; free online money transfer and many other fees when signing up for the B-Free package “More than free”; get VND2 million (USD87) immediately when you register for a Platinum international credit card and spend VND5 million (USD217) within 30 days of the issue date, and many other incentives.

Since the beginning of 2021, BIDV has disbursed more than VND100 trillion (USD4.3 billion) loans with an interest rate of only 5 percent p.a. for individual customers. The loan package has quickly closed before the due date.

lifestyle

La m Giang

Discovering the magnificent beauty of Chua Ta cave Boasting magnificent beauty, Chua Ta cave is an artistic masterpiece of nature and has become a popular destination in Dien Bien province, northwest region of Vietnam.

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ocated about 40km from the centre of Dien Bien Phu City, Chua Ta cave is located in Na Com Village, He Muong commune, Dien Bien district.

The cave was discovered by local people in 2010 and five years later, it was recognised as a national relic by the Ministry of Culture, Sports and Tourism and is one of four relic sites in the district.

The cave is called “Chua Ta” because in the past there were many bees around the cave. According to the language of Mong people, “Chua” means mountain and “Ta” means bee, so “Chua Ta” means “bee mountain”. The cave is also known as Na Com cave, associated with the name of the village where the relic is located.

There are two routes to the cave. The first is from Dien Bien Phu City, go through highway 279 towards Tay Trang Border Gate, through Nai Hai slope to Ka Hau Village, turn left to reach the centre of Na U Commune (Dien Bien district). From here, after riding a motorbike for nearly 10km on the trail, you will come to Na Com Village. Then after walking more than 200m, you will reach the cave entrance.

The second choice is to follow the highway 279 to Pom Lot T-junction, turn left along highway 12 to the centre of He Muong Commune and then go

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lifestyle

ethnic people also offer interesting experiences.

The mouth of Chua Ta cave is located under the forest of high trees more than 1,300m above sea level. In front of the cave entrance, there are ancient trees surrounded by interlaced vines, wild flowers and fog.

The cave is nearly 600m long, including two main compartments in the S-shape. The widest place in the cave is 25-30m, while the highest point of the cave arch is about 18-20m.

nearly 10km to reach Na Com Village.

These two routes are tough for travelling and some paths can’t be reached by car because the road surface is small winding on many mountain passes and slopes bending along the hillside and mountain. There

are also several narrow suspension bridges on the road. However, both routes give visitors the opportunity to admire the majestic and immense natural scenery. The cultural subregions of the Mong people along the way, the beauty of the terraced fields and the traditional activities of the

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On the cave walls, there are white stalactites like crystalline salt or iridescent yellow stalactites. On the ceiling, stalactites precipitated in the shape of umbrellas, animals, plants and flowers with white, blue, and yellow colours interwoven. There are many long stone ledges. In some places, there is even a "forest" of stalagmites and stalactites of different colours and shapes. At the end of the cave is a small waterfall pouring water from a height of about 6m into a small stream, creating smooth sand strips. With a magnificent beauty hidden with mysteries, Chua Ta cave is a masterpiece of natural art.

lifestyle

La m Giang

Song Mooc Village, a miniature Sapa Song Mooc Village has been dubbed a "miniature Sa Pa" of the highland commune of Dong Van, Binh Lieu District, Quang Ninh Province thanks to its cool climate and gorgeous landscape.

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he village is located on a mountain range that rises to more than 1,000m above sea level in parts, covered with green cinnamon forest and white clouds. The village has many rammed earth houses which are still intact.

The village has focused on the tourism development and although it is a highland village, travelling to the village is easy due to the convenient road system. The village is only about 30km from the centre of Binh Lieu Town.

Song Mooc Village boasts simplicity, wonderful terraced fields and

traditional houses of the Dao people.

The village has an area of more than 375ha, including 69ha of farmland.

The entire village is located on the slopes of Phieng Che - Cao Ba Lanh mountain, so altitude varies throughout the village, with the lowest place only about 300m above sea level, but the highest place more than

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lifestyle

down the slope seem small, but in fact, they have a large space with a very big yard. The Dao people have carried on many traditions and festivals such as Kieng Gio festival to pray for a bountiful and prosperous harvest and Cold Foods Festival which is an occasion for family members to gather and remember their ancestors.

700m above sea level. This feature has created a village in the middle of mountains and forests with poetic and beautiful scenery, including terraced rice fields.

When arriving in Song Mooc, visitors can admire the wild and fresh scenery of the village, especially the endless

green terraced fields. The old roofs of the houses, the mist and white clouds alternated with the greenery of the mountains and forests.

The people of the village are Dao ethnics, who still preserve many of their traditional cultural features.

Houses of the Dao people halfway

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Visitors can slip between irrigation ditches and green terraces fields to arrive at the waterfall. At the foot of the waterfall is a system of majestic rocks of more than 400sq.m with large rocks stretching out on the ground to create a large space. The waterfall is very cool, with a cascade of more than 10m high from the jungle down to the village.

From Song Mooc, visitors can visit Hoanh Mo border gate (about 10km), Khe Tien (about 3km), Cao Son flower garden (10km), and Khe Van waterfall (20km).

CSR

A n Ha

BIDV donates VND10 billion to Covid-19 response in HCMC the recognition and appreciation by the City’s authorities of BIDV’s support for the fight against the extremely complicated Covid-19 pandemic.

In other localities across the country, BIDV's branches also quickly encouraged their employees to join hands to support local authorities and medical facilities for the prevention and fighting against the pandemic.

BIDV donates VND10 billion for Ho Chi Minh City's Covid-19 response

Given the complicated situation of the Covid-19 pandemic in Ho Chi Minh City (HCMC), BIDV provided emergency support of VND10 billion for the city's Covid-19 disease prevention and control work.

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n 22 July 2021, BIDV presented VND10 billion (USD435,000) to the Vietnam Fatherland Front Committee - Ho Chi Minh City. BIDV's donation contributes more resources to the city's authorities and people to fight and control the pandemic.

The money donated will be used by the city for the purchase of medical equipment, vaccination work and pandemic response service.

To date, the total value of donation BIDV has made to the Covid-19 prevention and fighting work in the two years 2020 and 2021 is more than VND135 billion.

Mr. Nguyen Thanh Trung - Standing Vice Chairman of the Ho Chi Minh City Fatherland Front Committee expressed

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Earlier on 5 June 2021, at the launching ceremony of the Fund for vaccination prevention of coronavirus disease 2019, BIDV donated an amount of VND60 billion (USD2.6 million) to the Fund. The entire amount of donations will be fully and promptly managed by the Fund and will be openly and transparently used for the right purposes in accordance with the law.

In addition to the donation to the Fund, this year, BIDV and its Trade Union have quickly sent support to the frontline health workers in epidemic areas such as Hai Duong, Quang Ninh, Bac Giang, Bac Ninh, Vinh Phuc, Ha Tinh, K Hospital, Quang Binh, Lang Son... totaling over VND15 billion (USD652,000). Actively accompanying the government on the prevention and fight against Covid-19 pandemic, in May 2021, BIDV also presented VND25 billion (USD1.1 million) to the Ministry of Health for vaccine purchase.

리뷰

번역감수: 박성재 전략부 2 부장 사물놀이

뉴스

BIDV, 손님 지원 대출 금리 인하 영향을 받는 손님(숙박, 레스토랑 서비스, 리조 트, 환대, 교통 등); 전염병 지역 손님, 경제에 필 수적인 물품을 제조하거나 많은 수의 노동자를 고용하는 기업; 비즈니스 활동 감소를 겪는 손님.

BIDV는 2021년 상반기에 총 368조원에 이르 는 우대금리 신용 패키지를 출시하며 2조 5천 억 동을 지원하였다.

2021년 하반기에도 총 3조 6천억 동(기존 대 출금 대상 2조억 동 지원, 신규 대출금 1조 6천 억 동 지원)의 지원을 통해 코로나-19 전염병 의 영향을 받은 손님을 지속적으로 지원할 계 획이다. 따라서 2021년 코로나-19 전염병의 영향을 받는 손님 대상 BIDV의 지원할 총 금액은 최대 6조 1천억 동에 달할 것으로 예상되다.

BIDV는 코로나-19의 영향을 받는 손님 대상 대출 금리를 현행 금리 대 비 최대 2% 인하한다.

BIDV는 2021년 7월 15일부터 2021년 12월 31일까지 기존 대출 잔액의 대출금리를 연평 균 1% 인하하며 어려운 손님 대상 대출금리를 현행 금리 대비 최대 2% 인하할 것이라고 밝혔 다. 이러한 조치는 코로나-19 전염병의 복잡한 상황을 감안하여 생산 및 비즈니스를 복구, 유 지 및 성장하기 위한 손님 지원 솔루션의 구현 한 정부와 베트남중앙은행의 정책의 일환이다.

BIDV의 기존 대출금리 인하 조치는 다음과 같이 적용 가능한다: 코로나-19 전염병의 직접적인

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BIDV 리뷰

BIDV는 이번 대출금리 인하를 통해 기업, 국 민, 경제를 지원하는 국영은행의 책임감을 보여 주고 있다.

Luong Phuong 기자

뉴스

BIDV, VNPT 파트너십 강화 가치 있는 데이터이며, 이를 통해 고객에게 더 좋은 UX를 제공할 수 있을 것으로 기대된다.

BIDV는 동남아시아 대표은행, 베트남 최고의 디지털 플랫폼을 갖춘 은행 및 아시아 100대 은행에 목표하고 있다. VNPT는 베트남의 선도 적인 디지털 서비스 제공업체, 아시아의 디지털 허브가 되겠다는 비전을 지니고 있다.

Hai Pham 기자

BIDV 소개

BIDV Le Ngoc Lam 은항장과 VNPT Huynh Quang Liem 대행 CEO 양측 대표 협약서 체결

2021.7.7일 베트남 투자개발은행(BIDV)과 베트남 우편통신그룹(VNPT)은 2021-2026 년 MOU를 체결하였다. BIDV Le Ngoc Lam 은행장과 VNPT Huynh Quang Liem 대행 CEO는 양측을 대표하여 협약서에 서명했다. 이번 MOU에 따라 VNPT와 BIDV는 장기적이 고 지속가능한 협력을 보장하며 법률이 허용하 는 범위 내에서 양측의 강점을 활용, 시장에서 의 잠재력 극대화, 입지 및 경쟁력 함양을 통해 각자의 전략적 파트너을 강화할 예정이다. 역사, 운영규모, 개발전략이 유사한 BIDV와 VNPT는 2016년 3월 2016~2020년 MOU 를 체결한 바 있다. 지금까지 BIDV는 VNPT와 긴밀한 파트너십을 맺고 다양한 은행 상품 및 서비스를 제공해 왔다. 양사는 디지털 전환과 함께 Industry 4.0 기반의 새로운 서비스를 구 현하기 위한 협력을 진행하고 있다.

2021~2026년 MOU에 대해 언급하면서

BIDV의 Phan Duc Tu 회장은 현대 디지털 기 술과 양사의 잠재력 및 장점을 활용하여 BIDV 와 VNPT가 새로운 혁신 제품을 시장에 출시할 도록 연구하기 노력할 것이라고 강조했다. "양사는 전략적 협력을 성공적으로 이행하기 위 해 규모, 기술, 거래 네트워크 및 인적 자원 측 면에서 각자의 장점을 발휘할 예정이다. 이를 통해 가치 및 이익을 창출하며 국가 디지털전환 성공적인 구현에 기여할 수 있게 노력하겠다” 라고 밝혔다.

VNPT의 Pham Duc Long 회장은 VNPT의 성 공적 디지털 전환을 위해 BIDV와 협력할 것이 라고 밝혔다. VNPT는 4.0 디지털 플랫폼(AI, 빅데이터, IoT 등)을 활용한 IT 서비스 및 제품 을 BIDV에 건설팅할 예정이라고 언급하였다.

VNPT와 BIDV는 전국적으로 수천만 명의 고객 을 확보하고 있다. 이는 양측이 새로운 제품과 비즈니스 모델을 공동 연구 및 활용하기에 매우

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BIDV는 총자산과 자본으로 베트남에서 가장 큰 상업은행이다. 2021년 1분기 기준 총 자산 은 1,560조 동을 넘어 연초 대비 2.9% 증가했 다. 1,100개에 가까운 국내외 지점과 사무소로 구성된 넓은 네트워크를 보유한 BIDV는 전 세 계 2,300개 금융기관과 파트너십을 맺고 있다.

BIDV는 디지털 뱅킹 서비스를 개발하며 주요 IT 프로젝트 구현하여 디지털 전환을 추진중 에 있다.

VNPT 정보 VNPT는 국가 디지털 전환 프로그램 선도적인 구현의 사명을 가지고 있다. VNPT는 디지털 서비스 인프라 개발 및 정부 디지털, 비즈니스 디지털, 사회 디지털 형성에 기여하여 베트남의 빠르고 지속 가능한 성장에 이바지하는 선도적 인 기업이다. 전자정부 개발 관련, VNPT는 국가 공공 서비스 포털, 정부 보고/정보 시스템, 국가 인구 데이터 베이스 시스템 등 국가 기반 시스템 구축을 추진 중이다. 또한, VNPT는 지방과 도시의 디지털 정부와 스마트 시티를 개발하기에 컨설팅 및 구 현에도 참여하고 있다.

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BIDV, 중소기업 코로나-19 확산에 따른 어려움 극복 지원 BIDV는 코로나-19 전염병의 많는 영향을 받 는 중소기업을 위해, "중소기업 발전 동반" 슬로 건 아래 많은 지원을 시행해 왔다. 현재 코로나-19 상황은 점점 더 복잡해지고 있 다. 세계경제의 깊은 침체와 심각한 영향을 받 는 상황에서 BIDV는 질병 예방 및 기업 지원을 통해 경제 회복에 기여하고 있다.

중소기업 코로나-19의 영향 극복 지원 BIDV는 기업의 어려움을 제거하고 중소기업 활동을 유지할 수 있도록 대출금리 인하 등 적 시 우대정책을 시행하고 있다. 대출 연이율 평 균 연 1% 인하, 어려운 고객 대상은 현재 금리 대비 최대 연 2% 할인, 상환 기간 연장, 채무 보 전, 최대 2백조 동 규모의 우대 대출 금리를 가 진 단기 대출 우대 신용 패키지 등의 정책을 제 공하고 있다 박닌성에 공장을 운영하고 있는 Dai A 플라스 틱(Dai A Plastic)은 플라스틱 구슬 제조 및 수 출 사업을 하는 기업이다. 최근 박닌성에서 만 연하고 있는 코로나-19 전염병로 인하여, 회사 운영에 심각한 영향을 받았으며 공장 생산은 중 단되었다. 노동자들의 격리, 원료 수입, 제품의 유통까지 모든 분야에 많은 어려움을 겪고 있었 다. 이러한 어려운 현황을 파악한 BIDV는 Dai A 플라스틱의 대출금리를 적극 인하했다.

Dai A 플라스틱 Nguyen Quoc Doanh 이사 는 BIDV의 적극 지원에 매우 감사함을 밝혔다.

"BIDV 금리 인하 정책은 회사의 재정적 어려움 을 경감시켰다. 재정지원과 BIDV 우대금리로

생산과 사업활동을 지속할 수 있게 됐다" 라고 언급하였다.

는 위약금 구조, 부채 구조 관련 수수료를 면제 해 주었다.

BIDV는 여성 오너 중소기업에 대한 코로 나-19 전염병의 영향을 완화하기 위한 포괄적 인 금융 프로그램도 지원하였다. 대출금 만기 는 전체 대출 기간이 최소 6개월 이상 연장되 었다. 베트남 내에 Covid 이후 발생한 원리금 이 포함된 구조화 대출금은 6개월 이자, 최대 1 만 달러까지 고객에 지원하였다. 동시에 BIDV

Huong Giang Trading Service Joint Stock Company는 BIDV가 제공하는 상기 지원 프로 그램의 혜택을 입었다. 코로나-19 전염병이 심 각한 시기에 Huong Giang 슈퍼마켓 종합무 역서비스센터 건립 프로젝트가 시작하게 되어, 회사의 수익과 부채 상환 능력을 악화시켰다. 이러한 상황에 BIDV는 상환기간을 연장하였으

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BIDV 리뷰

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편리하게 제출할 수 있는 방법을 제공하였다.

BIDV는 전자세금 납부, 24시간 온라인 청구서 결제, 다채널 결제, 현금흐름 관리, 전자수금 서 비스, 가상계좌 솔루션 등 다양한 디지털 서비 스를 제공하였다. 이를 통해 중소기업에게 코로 나-19로 폐쇄 및 격리 상황에 대처할 수 있는 솔루션을 제공하였다. 특히, BIDV는 중소기업과 함께 SME Digitrans 프로그램을 구현하였다. BIDV는 중 소기업에 금융관리 소프트웨어 기부, 주식회 사 Kiu Vietnam의 BMP사업관리 소프트웨어, MISA회사의 회계 MISA SME.NET 2020 소 프트웨어 및 MISA 전자 세금계산서 발행 소프 트웨어 등의 사용료 2년 지원, BIDV의 iBank e-banking 서비스와 위에 언급한 소프트웨 어 간에 BIDV ERP 연결 수수료 면제등을 제공 하였다. SME Digitrans 프로그램은 여성 소유 중소기업, 창업기업, 농촌 및 산악지역 기업에 게 종합적인 금융 솔루션으로 제공될 예정이다.

며 6개월간의 대출이자를 지원하였다.

중소기업 발전 동반

Nguyen Thi Huong 이사회 의장은 Huong Giang Trading Service Joint Stock Company가 BIDV에서 7년 동안 관계를 맺어 왔고, 항상 재정적 지원 받아왔다고 말했다. 회 사의 현재 어려운 상황에서 BIDV의 동반자 관 계와 지원은 회사의 존립과 운영에 큰 도움이 되었다고 밝혔다.

BIDV는 기업이 코로나-19 전염병으로 인한 어려움을 극복할 수 있도록 지원하는 솔루션과 함께 기업의 비즈니스 개발을 지원하기 위해 많 은 디지털 솔루션을 개발하였다. 중소기업이 은행 대출에 신속히 접근하고 이동 시간 단축을 위해, BIDV는 온라인 대출 신청 프 로그램을 시행했으며 대출 신청 서류를 빠르고

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코로나 시대에 중소기업을 지원한 것은, BIDV 가 중소기업의 동반자임을 의미한다. 또한, 지역 사회에 대한 BIDV의 사회적 책임이기도 하다. 그동안 BIDV의 중소기업과 함께 발전해 온 노 력은 국제 유수 기구로부터 인정받고 있다.

BIDV는 Global Banking and Finance에 서 2021년 동남아시아 최우수은행, Alpha Southeast Asia와 Asian Banking and Finance에서 4년 연속(2018~2021) 배트남 최우수 은행으로 선정된 바 있다.

Huyen Truc기자

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BIDV, 베트남 50대 공기업 선정 2021년 베트남의 50대 공기업 매 출은 2020년보다 8.7% 증가한 1,200조동(525억 달러) 이상을 시 현하였다.

Forbes 베트남은 최근에 호찌민시 증권거래소 (HoSE)와 하노이 증권거래소(HNX)에 2021 년 사업실적이 우수한 50대 기업 명단을 발표 했다. Forbes 베트남에에 따르면, 50개 회사 는 총 1,200조원을 넘는 수익을 달성했고 세후 이익은 약 175조원에 달한다.

BIDV는 12위에 차지했으며 이 리스트에 처 음으로 등재되었다. 이미 BIDV는 Forbes가 지정한 2000대 세계 최대 공기업 (Forbes Global 2000)으로 7년 연속 선정된 바 있다.

VNR500 순위에 따르면 BIDV는 4년 연속 베 트남 10대 기업 중 하나이다. 명단에 오른 기업들은 대부분 자국 산업뿐 아 니라 국내 경제에서도 앞서며 시장에서 경쟁 력을 확보하였다. Forbes 베트남의 평가는 2016-2020년 기간 매출 및 이익의 복합 성장 률, ROE-ROC 비율, EPS 성장률 등의 기준을 바탕으로 한다. 코로나-19 전염병의 영향으로 2020년 대비 10대 순위가 많이 바뀌었다. 금용기업 및 은행들의 올해 매출액은 많은 성장 을 시현하였다. 당기순이익 10대 기업 중에 7 개가 기업이 은행이다. 이는 코로나 사태 이후 가장 큰 변화이기도 하다.

2021년 최우수 공기업 50개 중 19개사가 변경 되었으며 이 중 8개의 기업이 재등장, 11개의 기업이 처음으로 등재되었다. 전염병으로 관광 산업이 주춤하고 공급망도 붕괴돼 항공사 및 교 통서비스 제공업이 명단에서 탈락하였다.

BIDV 본사

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BIDV 리뷰

Tue Minh 기자

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베트남 정부, 2025년까지 국영은행 지분율 65%로 감축 해결하기 위하여 유관기관은 직접 규정을 개정 하거나 해당 국가기관에 개정 요청할 수 있다. 계획투자부는 소유자 대행한 기관의 제의 및 재 정부, 내무부, 노동보훈사회부, 사법부의 의견 을 바탕으로 2021년 3분기에 2021-2025 시 기의 기업체계 정리 계획을 총리에게 제출하여 결재 요청할 계획이다.

참고 정보 정부가 65% 이상의 자본을 소유한 기업들은 다음과 같은 영역 및 업종에 속한다.

• 공항 개발 관리 및 항공 노선 운항 구역 서 비스 • 항법 정보 제공, 모니터링, 항공 기상 측정 등과 같은 서비스 • 베트남 항구의 활동 관리 및 개발

2025년까지 베트남 정부가 국영은 행 지분율 65%로 감축 베트남 총리가 발령한 22/2001/QD-TTg 호 의결에 따르면, 정부가 65%의 지분율 소유한 은행들은 2021-2025년의 시기에 자본 소유 권 전환, 재정비, 매각 등을 진행해야 한다고 요 청한다. . 본 결의에 따르면 국영기업과 국유기업의 분 류에 대한 기준을 세우고 그 기준에 의하여 2021-2025년의 시기에 소유권 전환, 재정비, 매각 등을 진행할 예정이다. 이를 바탕으로 기 업의 활동 계획을 점검하고, 지분화, 기업 전체

양도, 유한책임회사 전환 등의 소유권 전환도 병행할 예정이다. 또한 기업 설립, 분사, 합병, 파산 등의 활동을 재정비하고, 국영기업과 국유 기업을 매각시키는 방안을 포함하고 있다.

• 현법에 준수하여 대규모 채광

현재 베트남 정부는 VietinBank 64.46%, Vietcombank 74.8%, BIDV 81%, Agribank 100%의 지분을 보유하고 있다.

• 보험, 증권 등과 같은 기업을 포함하지 않는 금융기업, 은행

그러므로 2025년까지 VietcomBank와 BIDV 는 전략 투자자에게 잔여 지분 참여 제안이 가 능하다. 본 결의를 실시할 시 발생한 장애나 어려움을

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2021년 7월

• 정부의 후원이나 예매로 아동을 위한 애니 메이션 제작

• 시장의 가격을 안정적으로 유지한 역할로 운 영하는 식품 도매 기업.

Thuy Ha 기자

뉴스

BIDV 증권, 2021년 목표 초과 달성 2021.7.20일 베트남투자개발은 행증권사(BSC, 주식코드: BSI)는 2021년 상반기 실적을 발표했다.

BSC의 세전이익은 2,160억 동으 로 2021년 사업계획의 120%를 달 성했다.

2021년 7월 20일 발표된 재무제표에 따르면, 2021년 2분기 BSC의 영업이익은 3,470억 동 으로 전년 동기대비 1.4배에 달했다. 2021년 상반기 BSC의 영업수익은 6,150억 동에 달했 으며 중개, 금융 컨설팅, 독점 거래 등 3개 부문 에서 양호한 증가세를 보였다.

2분기 별도기준 BSC의 세전이익은 1,456 억 동으로 전년 동기대비 1.5배 증가하였다.

2021년 상반기 세전이익은 2,160억 동으로 주주총회에서 승인한 사업계획을 120% 초과 달성하였다. 이러한 결과는 상품과 서비스의 품질을 개선하 기 위한 BSC의 큰 노력에 기인한다. 특히, 증 권 중개 부문에서 온라인 증권계좌 개설 애플리

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BIDV 리뷰

케이션 eKYC 기술, Zalo 플랫폼(Zalo BSC 증 권)에서 트랜잭션 컨설팅 및 고객 지원, 식별 번 호 9618을 통해 신속하게 증권 계좌로 송금/예 금하는 기능 등을 구현했다.

HNX와 HoSE의 발표에 따르면 BSC는 HNX 에서 파생증권 중개시장 점유율 8위, 정부증권 중개시장 점유율 2위를 차지하며 2021년 상반 기 HoSE 톱10 증권사에 랭크되었다.

BSC는 기업 활동 외에도 봉사활동을 후원하 며, Covid-19 백신 기금 기부 및 RMIT 연구 과제 학생 지원 등 기업의 사회적 책임 활동을 활발히 전개하고 있다.

Vu Ky 기자