65th anniversary of BIDV Nghe An - Accompanying the local development

65 years, with a glorious and proud journey and also many hardships and challenges, but no matter the circumstances, BIDV Nghe An has always been united, overcoming difficulties to complete the mission.

Receiving the Emulation Flag of the State Bank of Vietnam for the Joint Stock Commercial Bank for Investment and Development of Vietnam - Nghe An Branch as the leading unit in the emulation movement in 2021. Photo: VH

Standing on the land of Nghe An with a rich revolutionary tradition but with many difficulties, the staff of Nghe An branch always inherits and promotes that tradition and is always dynamic, creative and innovative to rise up and affirm the BIDV brand. One of the important milestones in the process of construction and development is that 10 years ago, BIDV officially transformed into the Joint Stock Commercial Bank for Investment and Development of Vietnam.

Over the past decade, along with the system, promoting the tradition of pioneering and innovation, BIDV Nghe An has made breakthrough changes with fundamental and substantial changes in mechanism, ownership, and full operation according to market principles, building a more mature and stronger BIDV Nghe An. Besides the attention and close direction of the Board of Directors, there is the continuous effort of learning of employees, and the boldness to change for development. On the foundation that has been built, the collective of employees expects a BIDV that is stronger in breadth and depth; Expectations for the future are the driving force to urge the branch to accelerate and affirm its brand.

BIDV Nghe An headquarters. Photo: VH

Up to now, BIDV Nghe An is one of the credit institutions with the leading market share of capital mobilization and outstanding loans in the area and system, and credit quality is controlled. The scale of capital mobilization, outstanding loans, service revenue, and revenue-expenditure difference in the period 2017-2021 has grown impressively by 300% compared to the period 2012-2016, being one of 19 branches with special ranking in the system and leading the market share in the area. With 20 departments and 9 transaction offices, 190 qualified, dedicated, and dynamic staff have provided comprehensive banking products and services to more than 170,000 individual customers and more than 3,000 corporate customers.

In credit investment activities, BIDV Nghe An has supplied and approached all business areas. In particular, priority is given to focusing capital on manufacturing, export, agricultural enterprises, and industries with great potential and strengths in the locality. In addition, the Branch has cooperated with many departments, branches, and large units in the area to comprehensively provide financial - banking - insurance needs. In addition to traditional products, BIDV is the leading bank in Nghe An to successfully deploy modern digital banking products and services such as: smartbanking, bill payment, POS, cards, Ibank, trade finance... becoming a leading unit with a strong breakthrough in digital transformation of the entire system.

BIDV Nghe An always innovates its operations to meet customers' requirements. Photo: VH

In the past 10 years, the average growth rate of the branch has achieved impressive numbers: Capital mobilization reached 18%; outstanding loans reached 23%; revenue and expenditure difference reached 24%; bad debt was controlled under 1%; is a special ranked branch of the system, reaping many awards at emulation programs...

Over the past 65 years of establishment and development, BIDV Nghe An has made many contributions to the socio-economic development of the province. BIDV Nghe An is the focal point representing BIDV, accompanying the Provincial People's Committee to organize the Investment Promotion Conference in Nghe An province for 10 consecutive years since 2009, contributing to connecting domestic and foreign enterprises, attracting investment capital to participate in the socio-economic development of the province.

At the same time, BIDV Nghe An also focuses on coordinating the implementation of programs to promote tourism development and high-tech agriculture, which are new suggestions for the socio-economic development of the province. In parallel with business activities, BIDV Nghe An always focuses on charity and humanitarian work, through activities to support people affected by natural disasters and floods, support families of war invalids, martyrs, victims of Agent Orange, support and help disadvantaged children with disabilities, build houses of gratitude, through actively implementing social security activities, many welfare projects in remote areas have been built, with a total amount of more than 206 billion VND in the past 10 years. In particular, in the context of the whole country being heavily affected by the Covid-19 pandemic, BIDV Nghe An has promoted its social responsibility to the community, supporting the front lines against the epidemic and supporting and sharing with customers through the implementation of preferential credit packages, fee and interest rate exemptions, etc.

BIDV Nghe An staff and employees. Photo: VH

65 years, a relentless journey, the collective of officers and employees of BIDV Nghe An is proud to be a collective always full of enthusiasm to build emulation movements in all aspects. The branch has been honored to receive noble awards from the Party and the State such as: First, Second, Third Class Labor Medals; Emulation Flags of the Government, State Bank, Emulation Flags and Certificates of Merit from the People's Committee of Nghe An province, maintaining the leading flag in the North Central region. In addition, there are awards such as: Special Prize of the System-level Service Competition; First Prize of the Digital Transformation Emulation Program in 2020; Awards for trade union and youth union activities: First Prize of the National Arts Performance in 2017, top 10 branches with the best achievements in the For the Beloved Central region running competition, First Prize of the collective BIDV writing contest I love, Scientific research activities with many innovations with 1 provincial-level initiative and many system-level initiatives.