North Asia Commercial Joint Stock Bank: Enhancing the role of Party organizations in production and business
Among the outstanding achievements that Bac A Commercial Joint Stock Bank (BAC A BANK) has achieved in recent years, there is a significant contribution from the Party organization in the enterprise. Over the course of one term, the Party Committee of the Bac A Commercial Joint Stock Bank has led and directed the production and business activities of the unit to achieve impressive results.
Outstanding, pioneering thinking
With outstanding thinking, pioneering spirit, professionalism, continuous improvement, and over 30 years of experience in financial and monetary business,North Asia Commercial Joint Stock Bankhas achieved many proud achievements. "Persistently striving to always be a bank that keeps its heart as bright as a star, creating a generation of customers with sustainable development", up to now, the BAC A BANK A system has more than 3,803 officers and employees with 187 branches and transaction offices spread across key areas across the country, total assets reaching more than 165,000 billion VND; the annual growth rate of total assets is over 10%.
BAC A BANK's operations are assessed by the State Bank as stable, safe and sound, implementing well the national monetary policy and socio-economic development policies. Persisting with the path that was determined right from the beginning of its establishment, which is to invest in high-tech fields, modernize rural agriculture and social security,BAC A BANKAlways take the lead in developing areas prioritized by the Government such as agriculture, forestry, high-tech industries, healthcare, education...
Typical of the success of this strategic orientation is that the Bank has successfully advised the TH True Milk clean fresh milk project, clean water project, clean medicinal herb planting and extraction project, high-tech clean agricultural product planting and supply project, MDF wood processing and manufacturing project, health care complex, high-quality school system...
In addition, BAC A BANK has also provided many customer service products such as loans, guarantees, money transfer payments, savings deposits, card services, international payments, foreign currency trading... Every year, the unit successfully implements promotional programs during Tet, holidays, customers' birthdays... The Bank's products are trusted and used by customers. The BAC A BANK brand has so far been well positioned in the Vietnamese financial and monetary market.
Choosing the right strategy in currency trading has contributed to the success of BAC A BANK in recent years. Basic indicators such as Total assets, capital, credit balance, and profit have grown steadily over the years. In the period of 2022-2024, BAC A BANK has an average profit growth rate of 7% annually; average income of employees reaches 22.9 million VND/month; the amount paid to the State budget increases by 39% from 2022 to 2024; The total amount of funding for social security work in the 3 years from 2022-2024 is approximately 76.3 billion VND and in-kind funding is approximately 2.7 billion VND.
The success of Bac A Commercial Joint Stock Bank (BCB) is demonstrated by a series of awards that the Bank has received. Ms. Thai Huong - Vice Chairwoman of the Board of Directors and General Director of BCB was honored to be awarded the title "Hero of Labor in the Renovation Period".
Bac A Commercial Joint Stock Bank is a bank with outstanding achievements contributing to the completion of the banking industry's tasks in 2022 - 2023; "Outstanding Enterprise for Workers" ranking by the Vietnam General Confederation of Labor; Vietnam Gold Star Award 2024 - Top 100 typical Vietnamese brands; 2 consecutive years (2023 and 2024) receiving the Outstanding Bank Award for green credit, the Best Workplace in Asia Award and the Best Employee Care Enterprise (HRAA); Top 5 Largest Foreign Exchange Trading Banks in Vietnam (within the framework of the Vietnam FX Awards) by the London Stock Exchange Group (LSEG); Top 10 Innovative, Creative and Effective Banks Award 2024 by Viet Research & Investment Newspaper; Top 10 "Outstanding ASEAN Enterprises 2024" Award...
Developing and enhancing the role of Party organizations
Realizing the important role of Party work in business activities, in March 2010, the Party Cell of Bac A Commercial Joint Stock Bank was established. After 14 years of development, the Party Cell was approved by the Party Committee of Non-State Enterprises in Hoan Kiem District to upgrade toParty Committee of North Asia Commercial Joint Stock Bank, with 4 affiliated party cells and 63 party members. This is a memorable milestone, an important turning point, demonstrating the comprehensive development of the Bank, not only in business activities, but also in political and union work.
Although the number of party members compared to the number of employees is not much, the Party Committee of the North Asia Commercial Joint Stock Bank has achieved important results, contributing to the development and overall success of the North Asia Commercial Joint Stock Bank. This is a new and first Party organization model in the Party Committee of the Non-State Enterprises Block of Hoan Kiem District.
The Party Committee has presented to the Bank's Board of Directors and directed and coordinated with the Bank's mass organizations to organize emulation movements, promote technical innovation initiatives, cultural, sports and social activities, build solidarity and sharing... contributing to promoting the successful completion of business tasks of each unit.
Every year, during holidays, the Party Committee regularly organizes meaningful programs and actions such as organizing visits to President Ho Chi Minh's Mausoleum and on May 19 and September 2, offering incense at Uncle Ho's shrine at Kim Lien relic site, Chung Son temple tourist area, programs to visit Dong Loc T-junction relic site, Truong Bon martyrs' cemetery, Truong Son martyrs' cemetery, Road 9 cemetery, Quang Tri ancient citadel... visiting and giving gifts to cadres and soldiers on Truong Sa island, giving gifts and scholarships to children of Truong Sa soldiers, participating in many programs to sponsor money and materials for students in disadvantaged areas, supporting policy families and lonely elderly people in Hoan Kiem district.
Along with that, TH Group and Bac A Commercial Joint Stock Bank, through the Fund for Vietnamese Stature, have carried out many support campaigns for provinces and people affected by damages caused by major storms such as: supporting hundreds of thousands of TH water tanks, building more than 40 houses in areas where flash floods passed through...
Particularly, the Party Cell and Party Committee of the Bac A Bank department received subsidies for 3 cases with difficult circumstances: resistance fighters infected with toxic chemicals and their children; fathers, mothers, wives, lonely martyrs; lonely elderly people with no place to rely on, lonely disabled people who are no longer able to work, orphans...
“Under the close leadership and direction of the Party Executive Committee, the activities of mass organizations are focused on, constantly innovated, and improved in quality, in accordance with the nature and characteristics of the bank,” shared Ms. Vu Thi Hang - Secretary of Party Cell 2. Administrative reform, promoting innovative initiatives, practicing thrift, fighting waste, emulation movements, cultural, sports and volunteer activities, and improving working conditions and the lives of officers and employees are promoted, creating cohesion and consensus, contributing to the sustainable development of the bank.
Talking about the outstanding marks in the past term, Party Secretary Vo Van Quang affirmed: The Party Committee of the North Asia Commercial Joint Stock Bank (formerly the Party Cell) has promoted its role as a political nucleus, gathering the masses, solidarity, enthusiasm and responsibility; made efforts to innovate and be determined in leading, directing, guiding, inspecting and urging Party cell committees and Party members in the entire Party Committee; closely coordinated with the bank's leaders to deploy and organize the implementation of assigned political tasks associated with business activities, contributing to strengthening the trust of cadres, Party members and employees in the Bank.
