Bank for Investment and Development of Vietnam
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| Bank for Investment and Development of Vietnam | |
|---|---|
 |
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| Type | State-owned |
| Founded | April 26, 1957 |
| Headquarters |  Hanoi, Vietnam |
| Key people | Trần Anh Tuấn, CEO Trần Bắc Hà, Chairman |
| Industry | Banking, Finance, Security |
| Products | Transaction accounts Insurance Stock brokerage Investment bank Asset-based lending Consumer finance Trade International payments Foreign exchange |
| Revenue | $10.48 billion USD[1] |
| Net income | $70 million USD[1] |
| Employees | 10,200 full time equivalent[2] |
| Website | www.bidv.com.vn |
The Bank for Investment and Development of Vietnam (Vietnamese: Ngân hàng Đầu tư và Phát triển Việt Nam) is a large state-owned bank in Vietnam. It is the nation's number one bank in net income ($70 million USD) and the second biggest bank in revenue ($10.48 billion USD) (behind Agribank).[1] According to the United Nations Development Programme report on the 100 largest enterprises in Vietnam, BIDV came in at the 4th position after Agribank, VNPT and PetroVietnam.[3]
[edit] History
BIDV was established on 26 April 1957 as the Bank for Construction of Vietnam (Ngân hàng Kiến thiết Việt Nam), under which name it operated until 24 June 1981, at which point it changed its name to the Bank for Investment and Construction of Vietnam (Ngân hàng Đầu tư và Xây dựng Việt Nam). It adopted its present name on 14 November 1990.[2][4].
In January 2007, the government announced that it would sell a minority stake in the BIDV and three other banks.[5] In March of that same year, they sought the government's permission to invest in highway projects.[6] In September, they announced that they would form Vietnam's first aircraft finance group in Hanoi in a joint venture with Vietnam Airlines, PetroVietnam, and Vietnam Post and Telecommunication.[7]
[edit] References
- ^ a b c "Ngân hàng BIDV được Finance Asia đưa vào top 100 ngân hàng của Châu Á (BIDV named by Finance Asia as one of Asia's top 100 banks)", Báo Lao Động, Vietnam General Confederation of Labour, 2007-11-07. Retrieved on 2008-01-19. (Vietnamese)
- ^ a b INTRODUCTION OF BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM. Bank for Investment and Development of Vietnam. Retrieved on 2008-01-17.
- ^ "Viet Nam's Top 200 businesses list announced", Ministry of Foreign Affairs, Vietnam, 2007-10-02. Retrieved on 2008-01-19.
- ^ GIỚI THIỆU VỀ NGÂN HÀNG ĐẦU TƯ VÀ PHÁT TRIỂN VIỆT NAM (Vietnamese). Bank for Investment and Development of Vietnam. Retrieved on 2008-01-17.
- ^ Folkmanis, Jason. "Vietnam to sell stakes in 4 banks", International Herald Tribune, 2007-01-07. Retrieved on 2008-01-17.
- ^ "BIDV wants to invest in highway projects", Vietnamnet Bridge, Vietnam News Agency, 2007-03-02. Retrieved on 2008-01-17.
- ^ Nguyen, Pham. "Vietnam's state-owned BIDV to form country's first aircraft leasing firm", MarketWatch, Dow Jones, 2007-09-14. Retrieved on 2008-01-17.
[edit] External links
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