On April 26, 2023, BIDV turned 66 years old - a proud milestone in the development journey of the oldest commercial bank in Vietnam. On April 27, 2023, at the 66th Anniversary of BIDV's Traditional Day solemnly held in Hanoi, Comrade Le Ngoc Lam - Deputy Secretary of the Party Committee, General Director of BIDV - on behalf of BIDV's Board of Directors presented a Commemorative Speech to review the glorious tradition; adding pride, confidence and affirming the determination to bring BIDV to new successes on the journey of sustainable development and prosperity. Development Investment would like to excerpt the Speech and respectfully send it to our readers.
Milestones on the glorious journey of development
BIDV's development history is the journey of a financial institution that always accompanies the country's important missions - a glorious journey with many proud marks.
On April 26, 1957, just six years after the establishment of the National Bank of Vietnam - the State Bank of Vietnam, the Prime Minister signed Decree No. 177/TTg establishing the Vietnam Construction Bank under the Ministry of Finance to carry out an urgent task of the Vietnamese Revolution at that time, which was: allocating and managing capital for basic construction activities. Since then, the journey of serving the cause of national construction and development has become the sacred mission of the Bank. And since then, April 26 every year has become the traditional day of generations of BIDV staff - the earliest and most special financial institution in Vietnam.
The name of the bank itself, when given by the Government, also speaks to the strategic mission of the country through each period: Vietnam Construction Bank (1957 - 1981), Vietnam Investment and Construction Bank (1981 - 1990), Vietnam Investment and Development Bank (1990 - 2012), Vietnam Joint Stock Commercial Bank for Investment and Development (from 2012 - present).
The four major stages of development have truly reflected BIDV's continuous journey of construction, innovation and development, closely linked to the country's historical events in both wartime and peacetime. Each time BIDV changed its form of existence and operating mechanism, it overcame difficulties, challenges, even losses and blood sacrifices. However, in any circumstance, generations of BIDV cadres have always been steadfast in the Party's ideals and goals, overcoming difficulties and challenges, being united and creative to contribute and be associated with the innovation and prosperity of the national economy.
Today, after 66 years, BIDV is happy and moved to report: BIDV system has a proud tradition:
From a team of 200 cadres in the "opening of mountains and breaking rocks" period with only paper and pen, a simple abacus and a warm heart, it has developed into a strong team of more than 28,000 cadres full of energy and youthfulness, knowing how to master technology, having the ability to integrate and the desire to contribute.
From more than 10 party cells and party cells within the Ministry of Finance and the Departments of Finance, BIDV Party Committee has now become a strong Party Committee with 246 affiliated party organizations associated with the task of investment and development at branches and subsidiaries in 63 provinces and cities.
From a single-owned specialized bank, today it has become a modern, multi-owned financial institution, operating according to international standards and practices.
From the initial 200 billion VND of state capital, BIDV's total consolidated assets by the end of 2022 reached 2.12 million billion VND, affirming its position as the largest bank in Vietnam for many consecutive years.
Not only leading in asset size, BIDV is also one of the banks with the largest customer base in Vietnam, receiving the trust and confidence of nearly 376 thousand corporate customers, 16 million individual customers (accounting for about 16% of Vietnam's population), having cooperative relationships and transactions with more than 2,300 international financial institutions in 177 countries and territories worldwide.
BIDV has also been recognized and honored by prestigious domestic and international organizations with many awards, typically: Top 2,000 largest and most powerful public companies in the world; Top 50 best listed companies in Vietnam; Best SME Bank in Southeast Asia; Best Retail Bank in Vietnam, Excellent Digital Transformation Bank, Bank with the best premium customer service in Vietnam...
Proud luggage
BIDV today is not only quantified by its scale, quality, and efficiency, but also gradually establishes and affirms its position and reputation as a leading commercial bank in the country; trusted, recognized, and highly appreciated by international organizations, businesses, entrepreneurs, and the social community... BIDV's brand is not only reflected in its pioneering, active, and proactive role in effectively implementing national monetary and financial policies, regulating the macro economy, and developing balanced regions, but is also a pioneering financial institution with Vietnamese enterprises participating in investment and business abroad.
In recent years, in the context of many market difficulties, BIDV has made a clear mark in its efforts to "Accompany - Develop" with customers by implementing many support programs for small and medium enterprises, FDI enterprises, individual customers, building a green financial foundation towards sustainable development.
In addition to business activities, BIDV also leaves a strong mark as an enterprise with a rich culture; over the past 66 years, generations of BIDV staff have always carried within them an infinite pride in the history of the industry. That is the history of the oldest financial institution, the history of an organization that has always adapted to the constant changes of the Vietnamese Revolution; the history of a collective of staff who are always pioneers and creative, dedicated and loyal to the cause of building and defending the Vietnamese Fatherland. That strong cultural mark has been built up through many generations, matured through assigned missions, ups and downs over 2/3 of a century and crystallized into 5 core values " Intelligence - Trust - Integrity - Professionalism - Aspiration " (iBIDV).
As a bank born from the mission of the Vietnamese Revolution, nurtured by the Fatherland and the people, generations of BIDV staff have always understood and been aware of their responsibility to the community and society. In the 15 years from 2007 to 2023, BIDV has spent about 4,500 billion VND on social security work, joining hands with localities to achieve the country's millennium goals on health care development, education, disaster relief, poverty reduction and gratitude.
With important contributions to the country's development, BIDV is proud to have been awarded many noble awards by the Party and State of Vietnam: the title of Hero of Labor in the renovation period; Ho Chi Minh Medal; Independence Medal; Labor Medal... BIDV has also been awarded the Friendship Medal, First Class Independence Medal by the Party and State of Laos; the Royal Medal and First Class Merit Medal by the King of Cambodia...
Having achieved such proud results, BIDV always appreciates and would like to express its deep gratitude to the leaders of the Party, State, National Assembly, Government, State Bank, Central Enterprises Party Committee, Ministries, localities, socio-political organizations... who have always cared and created conditions for BIDV to excellently complete all tasks.
BIDV would like to sincerely thank the trust, companionship, sharing and cooperation of customers, partners, businesses and entrepreneurs at home and abroad.
Today, the BIDV cadre class would like to express special gratitude to the previous generations of cadres. You, the uncles, aunts, brothers and sisters, have created and passed on to the next generations a valuable spiritual legacy. That is the tradition of Diligence - Thrift - Integrity - Uprightness, dedication and loyalty; the dynamic and creative character that has been tempered over time; the heart of humanity, sincerity, tolerance, attachment and sharing; the aspiration to strive to best fulfill the mission that the country and the era have entrusted.
And I would also like to express my gratitude and appreciation for the efforts and contributions of the Board of Directors, leaders of units and all staff in the system who have unanimously preserved and fostered achievements and brought BIDV to today's achievements...
Confidently looking towards the future
BIDV understands that: The greatest gratitude to history and tradition is to do the best in one's duties and responsibilities . In today's solemn ceremony, on behalf of the Party Committee and the Board of Directors of BIDV, I would like to request the leaders of the units and staff of the entire system: Continue to preserve and promote the glorious tradition; unite, be unanimous, make great efforts, work "dedicatedly, devotedly, professionally" to carry out the set plans; maintain the position as the leading financial institution in the country; enhance prestige, brand to reach international level and be the pride of generations of BIDV staff and employees.
BIDV also understands that to fulfill the aspiration of " becoming a leading financial institution in Southeast Asia, having the best digital platform in Vietnam and being among the 100 largest banks in Asia by 2030 " as stated in the Overall Business Development Strategy to 2025, with a vision to 2030, is not a simple task. Thoroughly implementing the Government's policy and the State Bank's direction, with the motto of action " Discipline - Efficiency - Transformation of operations ", BIDV will strive to complete the 2023 business plan with many expected targets: Credit balance growth ensures compliance with the credit limit assigned by the State Bank; Capital mobilization is consistent with credit growth rate; Ensuring safe and effective system operation; Individual pre-tax profit reaches at least VND 26,500 billion, Consolidated pre-tax profit reaches VND 27,300 billion.
To complete the set goals, we request that each BIDV cadre and party member, especially the Directors as Party cell/party cell secretaries and unit leaders, be steadfast and determined to effectively carry out the following key tasks :
- (i) Comprehensively and effectively deploy the activities of BIDV Party Committee after becoming the entire bank's Party Committee, so that each Party organization is a political nucleus, a center of solidarity, a source of synchronous dynamism to unify the will and actions of cadres and Party members in the same common goal of the system.
- (ii) Promote the scale of operations associated with ensuring safety, improving efficiency...; Diversify products and services associated with improving service quality and customer satisfaction.
- (iii) Improve risk management capacity, control credit quality, proactively respond to unpredictable fluctuations in the financial market, ensure discipline and order in all aspects of operations.
- (iv) Strongly transform operations associated with comprehensive and extensive application of information technology in operations. Along with putting the Core Banking system into operation this year, units need to continue to promote digital transformation, strongly deploy digital banking products and services for corporate customers, institutional customers, retail customers and high-end individual customers according to the commitments signed with partners in the recent past.
- (v) Focus on implementing capital increase plans to improve financial capacity; Improve the quality of human resources associated with fostering corporate culture; Enhance reputation and brand position, affirm prestige in all aspects of operations by recognizing prestigious professional organizations in Vietnam, Asia and the world.
BIDV is honored and proud to be a large bank that always receives the attention and facilitation of the leaders of the Party, State, National Assembly, Government, Ministries and localities; the direct and close guidance of the State Bank and the Party Committee of the Central Enterprises Bloc. BIDV also receives the companionship, attachment and professional cooperation of its strategic partner Hana Bank and the high support of its partners, shareholders and customers.
With a solid professional capacity, abundant financial and human resources that are continuously cultivated and improved, with the steadfast will and determination of the entire staff of the entire system... BIDV will continue to reap many new achievements, affirming its position as a leading financial institution of the country; meeting the expectations of customers, partners, the trust of leaders at all levels, previous generations and the aspirations of all of us.
I believe that today's generation of BIDV staff will continue to preserve BIDV's cultural tradition, foster and elevate that tradition in the digital transformation era, so that future generations will remember BIDV as a bank with a long history, a bank that is always a pioneer in every era, along with the sustainability and longevity of the country; determined to strive to excellently complete all assigned tasks, worthy of the expectations of the Party and State; the trust of customers, friends, partners, shareholders domestically and internationally.
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