| Type | State-owned |
|---|---|
| Industry | Banking, Finance, Security |
| Founded | April 26, 1957 |
| Headquarters | Hai Ba Trung, Hanoi, Vietnam |
| Key people | Trần Anh Tuấn, CEO Trần Bắc Hà, Chairman |
| 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 asset($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 EVN.[3]
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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]