Business

BIDV's assets 85 times higher than in 1995

The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.
BIDV's assets 85 times higher than in 1995 ảnh 1Conference to review BIDV operations from 1995-2015 (Source: VNA)

The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.

This dramatic increase in assets made it one of the largest banks in Vietnam. 

Figures released at a conference on BIDV, "20 years of changes in commercial banks: Development and Integration," held in Hanoi over the weekend, showed that the bank's mobilised capital increased 337 times from 1.7 trillion VND (77.9 million USD) to 574 trillion VND (26.3 billion USD); its credit rose 100 times from 5.3 trillion VND (243 million USD) to 535 trillion VND (24.5 billion USD), while its charter capital jumped from 247 billion VND (11.3 million USD) to 31.4 trillion VND (1.4 billion USD). 

The bank's pre-tax profit also rose from 221 billion VND (10.1 million USD) to 6 trillion VND (275.2 million USD) after 20 years of transition into the commercial bank model.

By the end of 2014, the bank posted a high growth rate with return on equity of 14.4 percent, return on assets of 0.8 percent and a Capital Adequacy Ratio of more than 9 percent. 

It has contributed 12 trillion VND (550.46 million USD) to the State budget so far.-VNA

#BIDV #Assets #85 times #2015 #1995 #Pre-tax profit #Bank
Follow VietnamPlus

Related News

BIDV supports construction of pre-schools in Thai Nguyen

BIDV supports construction of pre-schools in Thai Nguyen

The Bank for the Investment and Development of Vietnam (BIDV) signed a contract on April 9 to sponsor 15 billion VND (700,000 USD) to build five pre-schools in remote, ethnic minority-inhabited communes of northern Thai Nguyen province.
BIDV supports shipbuilding for Quang Tri fishermen

BIDV supports shipbuilding for Quang Tri fishermen

The Quang Tri branch of the Bank for Investment and Development of Vietnam (BIDV) signed a contract on April 23 to provide 13.7 billion VND (652,000 USD) for a local fisherman to build a steel coated boat for offshore fishing.

See more

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.

Representatives from companies receive certificates of trademark rights at the launch of the "Green and Low-Emission Vietnam Rice" trademark. (Photo: nld.com.vn)

"Green and Low-Emission Vietnam Rice" trademark launched

VIETRISA Chairman Bui Ba Bong said that the launch is a strategic turning point in building the Vietnamese rice brand, aiming for the premium markets with strict carbon emission standards. The new rice trademark represents a commitment to environmental and social responsibility, not just a commercial label.