Bank for Investment and Development of Vietnam Overview and Corporate Governance

The Bank for Investment and Development of Vietnam (BIDV) is a state-owned commercial bank that plays a crucial role in the country's economic development.

BIDV was established in 1957 and has since become one of the largest banks in Vietnam, with a network of over 500 branches and subsidiaries.

BIDV's corporate governance structure is overseen by the State Bank of Vietnam, which sets the bank's overall direction and strategy.

The bank's board of management is responsible for implementing the bank's business plan and ensuring its compliance with regulatory requirements.

The Bank for Investment and Development of Vietnam is a state-owned bank that plays a significant role in the country's economic development. It was established in 1957.

The bank's mission is to promote investment and development in Vietnam, focusing on key sectors such as infrastructure, industry, and agriculture.

BIDV is a leading financial institution in Vietnam, with its main activities focused on providing financial services and sustainable development.

The bank offers a wide range of products and services, including deposits, loans, cards, digital banking, payment and transfer services, insurance, foreign exchange, and capital market services.

BIDV serves a variety of customers, including individuals, businesses, and organizations across different sectors, with a focus on supporting renewable energy, clean energy, and low-carbon emission sectors.

The bank operates through a network of branches and digital platforms, offering services to customers nationwide.

BIDV is headquartered in Hanoi, Vietnam.

BIDV has a subsidiary, BIDV SECURITIES, which operates as an investment bank and broker.

Here is a list of some of the key services offered by BIDV:

BIDV was established on 26 April 1957 as the Bank for Construction of Vietnam.

The bank operated under this name until 24 June 1981, when it changed its name to the Bank for Investment and Construction of Vietnam.

In 1990, the bank adopted its present name, BIDV.

In January 2007, the Vietnamese government announced plans to sell a minority stake in the bank.

The bank sought permission to invest in highway projects in March 2007.

By September 2007, the bank had announced plans to form Vietnam's first aircraft finance group in Hanoi.

In November 2019, BIDV signed a strategic cooperation agreement with Hana Bank, making it the bank's foreign strategic shareholder with a 15% stake in its charter capital.

The Joint Stock Commercial Bank for Investment and Development of Vietnam has relocated some of its branches.

The bank approved the relocation of the Hong Ha Branch at 03:12am.

In addition to the Hong Ha Branch, the bank has also announced the relocation of other branches on February 13.

The bank's stock market performance is also worth noting.

The Bank for Investment and Development of Vietnam has seen significant growth in its sales over the years. In 2019, the bank's sales stood at 27,302 billion dong.

The bank's sales by activity show a varied picture. The commercial bank's sales have been steadily increasing, while insurance sales have seen a slight decline in 2022.

Here's a breakdown of the bank's sales by activity:

The bank's sales have also seen a significant increase in securities, with a notable jump in 2021 to 755 billion dong.

The Bank for Investment and Development of Vietnam has a capitalization of 282,108 billion, with a P/E ratio of 12.7x in 2024 and 10.8x in 2025.

Their enterprise value is also listed as 282,108 billion, with an EV/Sales ratio of 3.2x in 2024 and 3.08x in 2025.

The free-float of the bank is a relatively low 3.7%.

Here's a quick summary of the bank's valuation metrics:

Note that the P/E ratio and EV/Sales ratio are expected to decrease from 2024 to 2025, suggesting a potential decrease in valuation.

The Bank for Investment and Development of Vietnam (BIDV) has a well-structured corporate governance system. This system ensures that the bank operates in a transparent and accountable manner.

BIDV's Board of Management is responsible for making key decisions and overseeing the bank's operations. The Board consists of 11 members, including the Chairman and General Director.

The Board of Management is supported by the Supervisory Board, which is responsible for monitoring the bank's activities and providing guidance. The Supervisory Board has 7 members, including the Chairman.

BIDV's corporate governance framework is based on the principles of independence, accountability, and transparency. The bank's policies and procedures are designed to promote a culture of integrity and ethics among its employees.

The bank's risk management system is an essential part of its corporate governance framework. BIDV has a robust risk management system in place to identify and mitigate potential risks to the bank's operations.

BIDV's corporate governance system is subject to regular audits and reviews to ensure its effectiveness. The bank's internal audit function is responsible for conducting regular audits and providing recommendations for improvement.

The Bank for Investment and Development of Vietnam has a significant shareholder, the Commercial Bank for Investment and Development of Vietnam.

The Commercial Bank for Investment and Development of Vietnam holds a substantial stake in the bank, with 51.01% of its equities.

The valuation of the Commercial Bank for Investment and Development of Vietnam's stake is $80,027,999.

This ownership structure is reflected in the number of shares held by the bank, which totals 59,819,259.

The Bank for Investment and Development of Vietnam has a well-structured organization to facilitate its operations.

The bank has two main entities: the parent bank and the subsidiary bank, which are responsible for providing financial services to the public and supporting the government's development strategies.

The parent bank is responsible for managing the bank's overall operations, including its financial activities and human resources.

The bank has a strong leadership team, led by the President and the Board of Directors, who are responsible for making key decisions and overseeing the bank's strategy.

The bank's organizational structure is designed to ensure efficient decision-making and effective implementation of its development strategies.

The bank has a robust risk management framework in place to minimize potential risks and ensure the stability of its operations.

The bank's risk management framework is overseen by the Risk Management Department, which is responsible for identifying, assessing, and mitigating potential risks.

The bank's financial performance is overseen by the Audit and Supervision Department, which is responsible for conducting regular audits and providing recommendations for improvement.

The bank has a strong commitment to corporate governance and transparency, with regular disclosure of its financial statements and other key information.

The Management Team at the Bank for Investment and Development of Vietnam is a seasoned group of professionals. The CEO, Lam Ngoc Le, has been in the role since March 11, 2021, and is 49 years old.

Lam Ngoc Le is not the only high-ranking executive at the bank. The Director of Finance/CFO, Thanh Van Thi Nguyen, is also part of the team, but her age and start date are not publicly available.

The bank's Chief Tech/Sci/R&D Officer, Long Thanh Nguyen, is also a mystery when it comes to his personal details. We don't know his age or when he started his role.

The bank's Directors are also experienced professionals. Tung Quang Pham, for example, has been a Director/Board Member since April 20, 2018, and is 53 years old.

Hoang Xuan Tran is another Director/Board Member, and he's been in the role since March 6, 2020. He's 59 years old.

Tu Duc Phan, the Chairman, is the oldest member of the management team at 60 years old. He's been in the role since November 14, 2018.

Here is a list of the bank's senior executives:

The Joint Stock Commercial Bank for Investment and Development of Vietnam has been quite active lately. They announced the relocation of their Hong Ha branch.

The bank has been busy relocating branches, with several announcements made in January 2025. On January 3, they announced the relocation of their Ninh Binh branch. This was one of several branch relocations they made that month.

In addition to branch relocations, the bank has also been making changes to their leadership team. On December 9, 2024, they announced the resignation of Tu Quoc Hoc as Head of Legal & Compliance Controlling Group and Director of Compliance Monitoring & Supervision Department.

Here are the key branch relocation announcements made by the bank in January 2025:

The bank has also been active in announcing their earnings results. On January 23, 2025, they reported their earnings results for the fourth quarter and full year ended December 31, 2024.

The Bank for Investment and Development of Vietnam (BIDV) regularly releases press statements to keep stakeholders informed about its activities and developments.

BIDV's credit ratings have been affirmed by AM Best, a reputable credit rating agency, as of October 24, 2025.

The bank has also signed a Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) on December 18, 2023, to explore potential collaborations.

BIDV and JCB have launched a new credit card, the BIDV JCB Ultimate Credit Card, in Vietnam on June 5, 2023, offering customers a unique payment experience.

In 2017, BIDV held its annual shareholders meeting, as reported in Press Release No. 10/2017 on May 19, 2017.

Here are some key press releases from BIDV: