This is the sixth consecutive year BIDV has been honored in this prestigious ranking of Vietnam Report. In particular, BIDV earns the 4th position in the 2023 ranking, 3 spots higher than that in 2022. This shows BIDV’s sustainable performance over time. The bank’s reputation and important position in Vietnam’s banking sector is further evidenced by numerous annual prestigious awards.
The award acknowledges BIDV’s performance, efficiency and sustainable and stable business prospects for years, demonstrating the media reputation and customer trust as well as experts' recognition of BIDV’s products and services - a decisive factor for a bank’s reputation.
In the 2022-2023 period, the economy in general and the entire banking sector in particular have undergone a severe test amidst the fierce challenges from the global economic recession, the prolonged Russia-Ukraine conflict, and the stock market decline, etc. According to a survey by Vietnam Report, banks do not expect a breakthrough growth in the second half of 2023. Banking sector is forecast to have a stable outlook, maintaining a stable growth rate (+44.2% and +42.0% compared to the survey results in 2022 and 2021, respectively). However, Vietnamese banks in general and BIDV in particular may overcome this headwind by capturing opportunities from the State Bank’s new policies (such as flexible interest rate management, which closely follows market movements and domestic and foreign economic situation) and from the strong ongoing digital transformation on a global scale.
In addition, Vietnam CEO Summit 2023 with the theme “Data economy: Opportunities to make global breakthrough growth” jointly organized by Vietnam Report and Vietnamnet e-newspaper took place the same day, attracting the attention of leading experts in economics, finance, technology, and governance and representatives of international trade associations, and media agencies at home and abroad. Mr. Dang Hai Nha - Head of BIDV Data Center participated in a panel discussion. He shared about the increasingly close connection between insurance companies, securities companies, and e-wallet ones in terms of consumer transaction information, which creates a data ecosystem for mutual growth. However, data use is linked to company’s responsibility for information safety and security. This not only complies with applicable law, but also helps them increase their credibility and reputation in the market.
In recent years, BIDV’s focus on advanced technology trends has brought promising results, including improving customer experience, strengthening the tie between enterprises as well as between enterprises and consumers. BIDV has always paid attention to investing in technology and human resources; digitizing service processes, reducing turnaround time; improving product quality, developing new services to catch up with market trends; personalizing transactions to tailor each customer segment, minimizing marketing costs, increasing revenue, and enhancing risk management...
Those efforts demonstrate BIDV’s pioneering and active role in implementing the Government’s guidelines and policies, thereby earning trust from investors, partners, and customers with the vision of becoming a financial institution with the best digital platform in Vietnam.
(Source BIDV)
