Signing a cooperation agreement with BIDV is an excellent opportunity for us to develop payment solutions for enterprises.
Vietnam Investment and Development Bank (national language: Ngân hàng Đầu tư và Phát triển Việt Nam, Confucian word: Bank for Investment and Development of Vietnam, full English name: Bank for Investment and Development of Vietnam, English abbreviation: BIDV) is the largest state-owned bank in Vietnam. It is the largest bank in the country in terms of net income (US$70 million) and the second largest bank in the country in terms of profit (US$10.48 billion, second only to the Vietnam Agricultural and Rural Development Bank). According to the UNDP report, the bank ranks fourth among the top 100 companies in the country. The bank was founded on April 26, 1957, and was originally named Vietnam Construction Bank (Ngân hàng Kiến thiết Việt Nam, Bank Construction Vietnam). The name continued until June 24, 1981, and was subsequently renamed Vietnam Investment and Construction Bank ( Ngân hàng Đầu tư và Xây dựng Việt Nam, Bank Investment and Xây dựng Vietnam) until November 14, 1990, the bank officially adopted its current name. The bank was the first to be established among the four major state-owned commercial banks in China. It mainly provides a series of exchange, credit, banking and non-banking services, acting as an intermediary for implementing national monetary policies and seeking funds from local or overseas financial institutions for development projects. Person role. With experience in investing in key engineering projects, the bank plays a leading role in investment development and project fundraising in Vietnam. The bank has approximately 8,000 employees.