Celebrating 2 years of strategic alliance with Hana

DIeu tHuy

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.

On 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, 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

BIDV leadership and Hana’s secondees pose for a family photo at the 2nd anniversary cerebration of the strategic alliance

participation of senior leaders from both sides. The dispatched people participated in teaching in a number of programs such as Future bankers, private customer managers... BIDV and Hana have also built a program to send BIDV staff to study and work at Hana Bank, which is expected to be implemented in 2022.

Addressing the ceremony, Mr. Le Ngoc Lam, BIDV's Chief Executive Officer, emphasized: "Two years is not a long time, but enough for all of us to feel the changes in BIDV's operations after cooperating with Hana Bank. These are positive changes in terms of scale, structure, quality, and efficiency of BIDV over the past time. In particular, the cooperation between the two sides does not stop only at capital support but covers technical assistance projects of a strategic alliance.

Spiritual and cultural exchange

Not only seeking opportunities and sharing achievements in business, the cooperation between BIDV and Hana Bank also provides an opportunity for cultural exchanges between the two banks of two nations that share cultural similarities. With the attention and support of the leadership of both sides, a series of events that help connect the dispatched people with BIDV's community were organized such as visiting the dispatched people's families during the Chuseok and Lunar New Year celebrations, the dispatched people’s participation in the Warm Tet run for the poor held by BIDV, etc.

In the context of the Covid-19 pandemic with challenges, the strong relationship between the two banks and the two countries in general is further strengthened through activities such as Hana Bank making a donation to the Vaccine Fund for Prevention and Control Covid-19 of the Central Committee of the Vietnam Fatherland Front, BIDV organizing the vaccination against Covid-19 for the dispatched people and their relatives.

Additionally, in 2021 BIDV - Hana Bank cooperation activities and Korean culture have been widely communicated to BIDV staff through stories and information on Dau tu Phat trien Newsletter, BIDV Review, intranet and Strategic Cooperation Newsletter.

At the two-year celebration ceremony, on behalf of the dispatched people, Mr. Yoo Jae Bong – a Member of the Board of Directors of BIDV, expressed his gratitude to BIDV’s leadership and all staffs for always remembering the Traditional Day of Hana Bank. He emphasized that all of the dispatched people when coming to work at BIDV, have a high determination to fulfill their mission and give the best support for the development of BIDV.

With the motto "Long-lasting friendship – Growing together", BIDV and Hana Bank have become companions to share a dream. The leadership and all staffs of BIDV and Hana Bank are always united and determined to bolster the strategic alliance.