BSL named Trusted Financial Services Provider

Le yen

BIDV-SuMi TRUST Leasing Co., Ltd (BSL) has won the award “Trusted Financial Services Provider” at Golden Dragon Awards for the first time thanks to its outstanding achievements in the Vietnamese financial leasing market.

This year’s Golden Dragon Awards honoured top 50 foreign-invested enterprises in Vietnam for green growth and sustainable development in 2021 - 2022.

According to BSL Deputy Chief executive Officer Mr. Takahashi Satoshi, being recognised at this year’s awards further cemented the company’s vision of becoming the best companion it can be by working closely with customers and continuing to contribute to Vietnam’s prosperity and sustainable development.

“We focus on building trust and developing relationships with our customers, and have cooperated with leading machinery suppliers in Vietnam”, said Mr. Takahashi. “Over the past five years, we have supported nearly 500 small and medium-sized enterprises (SMes) around the country, to meet their needs in financial support.”

The Golden Dragon Awards has been hosted by Vietnam economic Times since 2001 to recognise the outstanding contributions made by foreign-invested enterprises to the Vietnamese economy. Awards are determined based on production and business activities, service provision, the application of technological solutions for environmental protection, full implementation of tax obligations, employee benefits, and active participation in social activities.

Officially launched in 2017, BSL - a joint venture between two leading banks in Vietnam and Japan - the Bank for Investment and Development of Vietnam JSC (BIDV) and Sumitomo Mitsui Trust Bank - has been one of the leading financial leasing companies. It provides professional financing solutions for the SMe market in Vietnam. In 2017, BSL was named “Private equity Deal of the Year 2016-2017” as voted by M&A Vietnam 2017 Forum. In just five years, BSL has achieved dramatic and rapid growth, with total leased asset value reaching nearly USD255 million, particularly more than USD80 million in 2021 with the CAGR reaching 80 percent per year, serving nearly 500 enterprises whilst the majority is SMes.

Recently, BSL has signed a syndicated facility agreement with 3 branches of foreign banks in Vietnam, which is one of the first domestic syndicated facility agreements between banks and a financial leasing company. This is an important signal, recognizing a positive change in the financial leasing market, opening up opportunities for sustainable development of SMes in Vietnam.

Mr. Takahashi Satoshi, BSL Deputy Chief Executive Officer represents the company to receive the award