30 years of development of Bac A Commercial Joint Stock Bank with many future aspirations

Attending the ceremony, leaders of Nghe An province included: Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Bui Thanh An - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee; Bui Dinh Long - Vice Chairman of the Provincial People's Committee; Nguyen Van De - Vice Chairman of the Provincial People's Committee.

Also attending were leaders of the State Bank of Nghe An province; representatives of departments, branches and sectors; partners of Bac A Commercial Joint Stock Bank; and generations of officers and employees of Bac A Commercial Joint Stock Bank.

Pioneering creative steps at the beginning

On September 17, 1994, Bac A Joint Stock Commercial Bank (JSC) was established - the only JSC established in Central Vietnam with initial charter capital of 20 billion VND.

With the mindset of upholding the law, always harmonizing the interests of businesses, customers, partners and the community; every decision and step of BAC A BANK upholds humanistic values; standing side by side with customers through many major changes of the times such as the opening-up and integration period in the early 1990s, the Asian financial crisis in 2008 and the global financial crisis in 2011...

Under the wise leadership and superior thinking of Ms. Thai Huong, one of the youngest bank CEOs at that time, BAC A BANK took its first steady steps, introducing breakthrough initiatives, fully dedicating its heart to customers, demonstrating the vision of a leader such as: Proposing a flexible savings interest rate schedule to optimize the interests of depositors even in cases of having to withdraw the principal before maturity; appraising credit granting projects based on both collateral and loan plans, and the capacity of the leader...

These were carefully considered decisions, appropriate to the context of that time; flexibly applied on the basis of respect for the law, in compliance with strict regulations of the State Bank, gradually building trust in the first generations of customers of BAC A BANK - the foundation for the prosperity of BAC A BANK later.

In 2009, BAC A BANK became an investment consultant of TH Group with a revolutionary project: Dairy farming and fresh milk processing project in Nghe An.

From this project, TH Group has created a revolution in clean fresh milk, changing the nature of the dairy industry. This path also helps TH Group find the golden key for Vietnamese agriculture, which is the combination of Vietnamese intelligence, Vietnamese resources and the world's end-to-end technology, combined with interwoven management science, creating international quality products.

TH Group, with investment consultancy from BAC A BANK, has expanded internationally with a dairy farming project in Russia; a corn and cotton farm project in Australia... bringing valuable gifts to protect health, completely from nature such as: clean food, clean drinks and especially clean medicinal herbs; economic projects under the forest canopy, green economy, circular economy - creating an aspirational journey towards sustainable values.

The journey becomes more complete with projects in the fields of social security, health, education such as the TH School System project; the High-tech Medical - Healthcare Complex project (TH Medical)...

In 2011, facing the urgent need to focus resources on a comprehensive development strategy aimed at serving a generation of high-tech agricultural enterprise customers, BAC A BANK officially transformed its brand identity system.

The new logo of BAC A BANK features a stylized lotus flower, symbolizing a bright mind, intelligence, philosophy of life, dedication, desire to rise up and optimism about a bright future; as a statement about the change in service quality and direction of Bac A Commercial Joint Stock Bank.

Accordingly, BAC A BANK gradually realizes its leading strategy in investment consulting and credit provision for customers in the fields of high technology, agricultural and rural modernization and social security, creating a generation of businesses developing in the direction of green economy - knowledge economy - circular economy on the basis of sustainable development; at the same time, developing products and services of a modern multi-functional bank.

After 30 years of construction and development, BAC A BANK has become one of the prestigious brands in the Vietnamese banking system. As of June 2024, BAC A BANK has total assets of VND 154,482 billion; charter capital of VND 8,959 billion with a network of 175 transaction points in 42 provinces and cities nationwide.

BAC A BANK is also a unit with contributions that have a profound impact on the community through volunteer and social security activities; is the leading unit supporting the prevention and fight against Covid-19 with a total budget of more than 100 billion VND.

BAC A BANK's charity activities have become more systematic when accompanying the For Vietnamese Stature Fund, bringing campaigns demonstrating national strategic social responsibility such as School Nutrition; Happy School;...

Celebrating 30 years old with many aspirations for the future

Speaking at the celebration, Ms. Thai Huong - Hero of Labor in the renovation period, Vice Chairman of the Board of Directors, General Director of Bac A Commercial Joint Stock Bank emphasized that the measure of success of BAC A BANK is not only in numbers, but also demonstrated through investment consulting and credit granting, creating a generation of customers developing according to the green economic model, knowledge economy, circular economy on the basis of sustainable development, contributing to the development of the country, rich and civilized.

In the coming time, implementing a synchronous development strategy, BAC A BANK will firmly build and develop in a multi-functional, modern, advanced management direction, in accordance with Vietnamese and international practices and standards, fully and diversely meeting the needs of financial and banking services of the economy, optimizing the exploitation of the customer base according to the banking model of the future.

Speaking at the ceremony, warmly praising and recognizing the achievements and highly appreciating the contributions of Bac A Commercial Joint Stock Bank to the development of the province, Mr. Bui Thanh An - Vice Chairman of the Provincial People's Committee said that the projects invested by BAC A BANK are being implemented effectively, contributing significantly to the socio-economic development; creating jobs, supporting the livelihoods of thousands of workers, making a great contribution to the state budget, contributing to the restructuring of the rural economy.

Bac A Commercial Joint Stock Bank and TH Group have contributed to changing the land of Western Nghe An from a harsh land to a blooming land - where farmers can settle down, build their lives and be proud of their homeland when agricultural products such as milk, herbs, clean vegetables, etc. from Nghe An have reached many places in the country as well as internationally and received the trust of many customers and the community.

In particular, the industrial-scale concentrated dairy farming and milk processing project implemented by TH Group under the investment consultancy of Bac A Commercial Joint Stock Bank, after 15 years of implementation, has developed at an incredible speed with output, sales and market share continuously recording new records.

In addition to the results achieved in business activities, Nghe An province especially appreciates and respects the social security activities that Bac A Commercial Joint Stock Bank has implemented in the province such as: building charity houses, schools, toilets and building bridges and roads in mountainous and disadvantaged areas.

Along with that, awarding scholarships to poor students; spending billions of VND to support the Tet For The Poor program, donating blood, supporting Vietnamese Heroic Mothers, accompanying TH Group to implement the School Milk program and many other meaningful activities.

Speaking at the ceremony, Ms. Nguyen Thi Thu Thu - Director of the State Bank of Vietnam, Nghe An province branch, said that with its strategy and experience, BAC A Bank always directs its credit activities to the field of high-tech application in agriculture and rural areas, with the lending rate in this field always reaching over 40%.

Thereby, contributing to changing the value of agricultural products, bringing more benefits to farmers, promoting socio-economic development in rural areas and restructuring the agricultural sector according to the policies of the Party, State and the industry.

On this occasion, the Governor of the State Bank of Vietnam presented a Certificate of Merit to Bac A Commercial Joint Stock Bank; presented Certificates of Merit to collectives and individuals for their outstanding contributions to the banking industry.

Nghe An Provincial People's Committee awarded the Excellent Emulation Flag to Bac A Commercial Joint Stock Bank; The Chairman of the Provincial People's Committee awarded Certificates of Merit to Bac A Commercial Joint Stock Bank and collectives and individuals for their outstanding achievements in the cause of building and developing the economy of Nghe An province.