BIDV Highlights
Hu y en Truc
A year of breakthroughs for the corporate segment Despite the unpredictable fluctuations due to the Covid-19 pandemic, 2021 witnessed positive changes in the activities of the corporate segment at BIDV. Impressive figures Total net income in 2021 of the corporate segment made a breakthrough, reaching the milestone of VND20,500 billion (USD903 million) for the first time, up 46 percent compared to 2020. End-of-period outstanding loans of the segment hit VND751 trillion (USD33.1 billion), of which SME loans were VND304 trillion (USD13.4 billion), an impressive growth of 15.4 percent compared to 2020, accounting for 40.5 percent of the total outstanding loans of domestic corporate customers. The above results have proved the strategic direction of BIDV in developing the SME segment. In 2021, BIDV continued to maintain its No.1 position in the market in terms of the number of SME customers. The SME customer base has grown rapidly and continuously, reaching 336,000, accounting for about 40 percent of the total number of SME customers in Vietnam. In which, the number of administrative and non-business customers reached 31,000, the number of iBank users hit 74,000, an increase of 41 percent compared to 2020, meeting 48 percent of the target of the 2021-2025 plan.
For the large corporate segment, BIDV continues to bolster relationships with leading strategic partners in Vietnam. In the year, the bank successfully signed and effectively implemented comprehensive cooperation agreements with Hanoi National University, Vietnam Posts and Telecommunications Group (VNPT), MobiFone Telecommunications Corporation, Vietnam Post Corporation (VNPost), Electricity of Vietnam (EVN), SunGroup, Housing and Urban Development Corporation (HUD). Such agreements have created a synergy for the parties to make further strides, making practical contributions to the country's socio-economic recovery and development after the pandemic. With its outstanding business performance, BIDV has been
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recognized by prestigious international organizations. BIDV was the first Vietnamese bank to be honored as the Best SME Bank in Southeast Asia, the Best SME Bank in Vietnam for the fourth consecutive year, and the No. 1 Wholesale Bank of the year.
Continuing digital transformation In 2021, facing the economic challenges given the complicated developments of the Covid-19 pandemic, BIDV deployed various digitalization solutions to support businesses to quickly adapt to the situation and take a shortcut for business recovery. To support businesses to quickly access loans and banking products and
