BIDV Highlights
Duc D uong
10 spotlights of BIDV in 2021 As the longest-established and largest financial institution in Vietnam, BIDV shone spotlights on all areas of operation in 2021. 1 Proactive and effective implementation of policies Following the close direction of the Party Executive Committee of BIDV, the drastic and flexible governance of the Board of Directors, the leadership of BIDV, and the relentless efforts of 25,000 employees from the Head office to 190 branches, 6 commercial presences and member units, BIDV actively and effectively implemented the policies of the Government, the State Bank of Vietnam and the Party Committee of the Central Business Sector. It was the implementation of the Resolution of the 13th National Congress, the Government’s Resolution No. 01/NQ-CP on socio-economic development plan in 2021, and the Resolutions of the Party Committee of the Central Business Sector, the direction of the Governor of the State Bank of Vietnam.
2. Ensuring staff safety and business continuity In 2021, in the context of the complicated developments of the pandemic, BIDV ensured the safe, stable and continuous operation of the entire system, proactively developing and applying scenarios to cope with the Covid-19 pandemic. BIDV is a pioneer bank in supporting staff and their relatives to be vaccinated against Covid-19, ensuring the safety of customers, employees and their relatives, helping them feel peace of mind. This action contributed
to ensuring the smooth operation of the bank, demonstrating its responsibility for the community in the prevention and control of the Covid-19 pandemic.
billion), up 9.2 percent compared to 2020.
3 Comprehensive and uniform completion of business plan
When the whole economy faced difficulties caused by the Covid-19 pandemic, BIDV actively reduced its income by VND7,900 billion (USD348 million) to support customers to overcome difficulties, recover and grow their business operations.
In 2021, despite the Covid-19 pandemic, the BIDV system comprehensively completed and exceeded the business plan which was assigned by the State Bank of Vietnam and the General Meeting of Shareholders in terms of size, structure, quality, efficiency and institutional development. As of 31 December 2021, the bank’s total assets reached VND1.72 quadrillion (up 16.3 percent compared to 2020). BIDV continued to be the largest commercial bank by assets in Vietnam’s banking system. The bank’s charter capital reached VND50,585 billion (USD2.3 billion) - the largest in the banking system. Owners’ equity reached VND81,065 billion (USD3.6
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4. Accompanying customers to overcome the pandemic
In 2021, BIDV drastically implemented the direction of the Government and the State Bank of Vietnam in providing new loans, restructuring debt, exempting, reducing interests and fees; lowering interest rates for customer groups affected by the pandemic, helping to ease the difficulties for them.
5. Institutional development, consolidation of management apparatus The senior management apparatus of the bank was consolidated with
