partners
Dzu ng Pham
BIDV-SuMi TRUST Leasing: 5 years moving forward potential for financial leasing activities in Vietnam. The establishment of the joint venture BSL – the fruitful collaboration of the two leading financial institutions of Vietnam and Japan - is also expected to be a symbol of long-term relationship between the two countries. As with new start-ups, the BSL ship was launched facing countless waves and storms. Its captain was required to stay focused and persistent to move forward regardless of unpredictable challenges over the past 5 years.
The management team of BSL
BIDV-SuMi TRUST Leasing Co. Ltd (BSL) turns 5 in 2022. Over the past five years, the company has rendered relentless efforts, overcoming enormous challenges for start-ups, especially joint ventures. BSL is ready to make greater strides on the path ahead.
Be better every day It took BSL’s establishment project unit nearly a year to prepare for and complete licensing procedures for the operation approval by the State Bank of Vietnam. On 8 September 2017, the opening ceremony of BSL was held in Hanoi under the presence of leaders of the State Bank of Vietnam, senior executives of BIDV and Sumitomo Mitsui Trust Bank (SuMi TRUST). The event marked a significant milestone in the company’s history, and unlocked
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B I D V r e vi e w
The early days were filled with many challenges such as language barriers, difference in business culture and practice, lack of human resources and capital as well as fierce competition from “big names” in the market and high expectation from customers. Nevertheless, those challenges could not impair the will of the BSL people. The company turned challenges into opportunities, working together to find solutions to them. With the spirit of "Being better every day", the company staffs have devoted every effort to finding the best solutions for its partners and the company itself.
Fostering agility The first 3 years of establishment is considered as a fundamental stage for
