BIDV Highlights
Dieu Th uy
Celebrating 2 years of strategic alliance with Hana It has been two years since BIDV and Hana Bank entered into a strategic alliance. The partnership has earned remarkable achievements thanks to the efforts of the two.
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n 11 November 2021 BIDV and Hana Bank held a twoyear review ceremony of the strategic alliance. The program was an opportunity for the leaders of the two sides, the dispatched personnel and representatives of BIDV units to look back on the milestones in the cooperation journey.
Extensive cooperation Under the close direction of the leadership of BIDV and Hana Bank, the strategic cooperation between the two banks has become more and more extensive in many fields, achieving positive changes, especially in the context of the Covid-19 pandemic, which entailed many difficulties and challenges. Through two years of cooperation, with the efforts of units across BIDV’s system and the active coordination of the dispatched people from Hana, technical assistance
projects have increased in both size and quality (41 projects in 2021 compared to 26 in 2020), spanning across all 6 fields of technical assistance. Specifically, in the field of retail banking development, the two sides have cooperated to develop a private banking service project and established a private banking center; deployed personal international money transfer service between Hana Bank and BIDV, piloting quick loan product for payroll customers. In the field of risk management, BIDV and Hana Bank have cooperated to develop a set of criteria to identify high-risk/prone industries; taking the first steps into the expert assessment method to build a model to calculate the default probability of financial institution clients; developed and issued a credit supervision process at BIDV. Regarding profit portfolio diversification, Hana Bank has advised and supported BIDV to build 14 groups of key solutions to increase demand deposits in the 2021-2025 period, developed and piloted a supplier financing product (e-ARC loan), participated in extending syndicated credit, established credit relationships,
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B I D V review
and issue preferential policies and packages for Korean customers. In the field of information technology and digital transformation, Hana Bank has been advising and supporting BIDV on digitalization strategy and building a new Corebanking system. BIDV has completed testing and piloting SmartBanking, officially launched account opening with a virtual card using eKYC, successfully deployed ERP connection service, completed and approved the medium-term information technology plan for the 2021-2023 period. For the improvement of management and capability of the organizational model, BIDV is still continuing to exchange, learn experience and consult with Hana Bank in finalizing the report on reviewing the organizational model according to TA2 and proposing an organizational model for the period 2021-2025, which includes restructuring the organizational model of the Wholesale Banking Group and solutions to improve the operational efficiency of the network of transaction offices. Regarding human resources training and development, the two sides have successfully organized nearly 40 seminars in many fields with the
