The Bank for Investment and Development of Vietnam (BIDV) has made its way into Global 2000, a list of the world’s largest and most powerful enterprises selected by US business magazine Forbes.
Hanoi (VNA) - The Bank for Investment and De🎃velopmen✅t of Vietnam (BIDV) has made its way into Global 2000, a list of the world’s largest and most powerful enterprises selected by US business magazine Forbes.
In the past few years, the bank has received a array of prestigious awards from both domestic and international organisations for their stellar performances.
Along with the successful merger with Mekong Housing Bank (MHB), BIDV fulfilled its business target in 2015, according to BIDV General Director Phan Duc Tu.
By the end of December 31, BIDV’s assets totaled 857 trillion VND (38.2 billion USD), increasing 25 percent from 2014’s figure. The bank’s charter capital stood at over 34 trillion VND (1.5 billion USD) while profit before tax was estimated at over 7 trillion VND (312.3 million USD), rising 16 percent from the previous year.
BIDV has been evaluated by Moody’s and Standard and Poor (S&P) credit rating agencies, as a bank with sustainable prospects, and is among the Vietnamese financial institutions recieving the highest credit rating from the agencies.-VNA
The Bank for Investment and Development of Vietnam (BIDV) on August 24 signed a pact with Kyoto Bank on serving its Japanese business clients operating in Vietnam.
The Bank for Investment and Development of Vietnam (BIDV) has been named as the best provider of foreign exchange services in Vietnam by Asiamoney magazine.
The BIDV has recently put into operation its representative office in Taiwan (China), a step that will enable its access to the international monetary market.
The Bank for Investment and Development of Vietnam (BIDV) has been allowed by the State Bank of Vietnam (SBV) to open a representative office in Moscow, Russia.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Transactions at BIDV (Photo: BIDV)
