65 years, with a glorious and proud journey and also many hardships and challenges... but no matter what the circumstances, BIDV Nghe An has always been united, overcoming difficulties to complete its tasks. Especially, during the period when the whole country carried out the strategic task of building socialism in the North and fighting to liberate the South, Nghe An Construction Branch steadfastly stood side by side with the frontline to build logistics works against destructive wars, at the same time providing timely support and assistance to build roads, warehouses, factories, schools, hospitals...
One of the important milestones of the unit was on January 1, 1995, together with the entire system of Nghe An Investment and Development Bank Branches, officially converted to a commercial business model. From the mechanism of capital subsidy, planned allocation to proactively seeking capital sources, and customers for commercial business, diversifying products and services, and multi-purpose business activities encountered many difficulties.
Facing a great responsibility, overcoming many difficulties and challenges in the new mechanism, BIDV Nghe An has determined to step forward firmly, use resources effectively and have achieved remarkable results. If 1990 is considered the first milestone in the work of mobilizing idle capital from the economy, then by the end of 1995, the Branch had only mobilized 75 billion VND, but by the end of 2000, there was a remarkable growth of 690 billion VND, 9 times larger than in 1995, in addition to having enough capital for loans, there were also deposits at the Central Bank.
In the period 2001 - 2005, BIDV's operations have taken on many aspects of a modern bank. Together with the entire system, BIDV Nghe An has successfully implemented a modernization project, creating a basis for innovation in business management methods suitable for the modern banking model, being one of the first units in the area to successfully apply the quality management system according to ISO 9001:2000 standards (now ISO 9001:2008). In 2005, the branch lent for the first project under the co-financing method, which was the Vinh Bypass Project, the investor was CIENCO 4. This is considered a step forward affirming the role of a bridge, effective and efficient advice for BIDV Vietnam and the local authorities of BIDV Nghe An.
Regarding products and services: Since 2000, in addition to payment fees, BIDV Nghe An has started collecting guarantee fees. With the diverse development of services, service fees have gradually become an important component of revenue sources, in which the branch's strength is collecting guarantee services. When the bidding regulations were issued, BIDV Nghe An became a trusted address for investors in issuing guarantees, ensuring contractors to perform contracts.
10 years ago, BIDV officially transformed into Vietnam Joint Stock Commercial Bank for Investment and Development - an important milestone in the development journey. Over the past decade, along with the system, promoting the tradition of pioneering and creativity, BIDV Nghe An has made breakthroughs with fundamental and substantial changes in mechanism, ownership, and full operation according to market principles, building a more mature and stronger BIDV Nghe An. Standing on the land of Nghe An with a rich revolutionary tradition but with many difficulties, the staff of Nghe An branch has not hesitated to overcome difficulties and hardships to complete the task. Besides the attention and close direction of the Board of Directors, there is the continuous effort to learn of the staff, and the boldness to change for development. On the foundation that has been built, the staff expect a BIDV that is stronger in breadth and depth; expect to build Nghe An province to become the economic, political and cultural center of the North Central region. Expectations about the future are the driving force to urge branches to accelerate and affirm their brands.
The 65-year journey of formation and development of BIDV Nghe An is a journey filled with will, effort, aspiration to contribute, strive to rise, creativity, and solidarity of generations of BIDV Nghe An staff and employees. As of December 31, 2021, 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, with controlled credit quality. The scale of capital mobilization, outstanding loans, service revenue, and revenue-expenditure difference in the period 2017-2021 grew impressively by 300% compared to the period 2012-2016, being one of 19 branches ranked as special 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 sectors. In which, priority is given to focusing capital on manufacturing, export, agricultural enterprises, industries with great potential and strengths of 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, card, Ibank, trade finance... becoming a leading unit with a strong breakthrough in digital transformation of the entire system.
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, the coordination in implementing programs to promote tourism development and high-tech agriculture, which are also focused on by BIDV Nghe An, are new suggestions in the socio-economic development of the province. Along with business activities, BIDV Nghe An always focuses on charity and humanitarian work, through activities to support people affected by natural disasters and floods, to nurture Vietnamese Heroic Mothers, to support families of war invalids, martyrs, and victims of Agent Orange, to support disadvantaged children with disabilities, to build houses of gratitude, and through actively implementing social security activities, many welfare projects in remote areas have been built, with a total amount of more than 205 billion VND in the past 10 years. Especially 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 exemptions, interest rates, etc.
65 years, a non-stop journey, the collective of BIDV Nghe An staff is proud to be a collective that is 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 the First, Second and Third Class Labor Medals; Emulation Flags of the Government, the State Bank, Emulation Flags and Certificates of Merit from the People's Committee of Nghe An province. For BIDV system emulation programs, Nghe An branch always maintains the leading flag in the North Central region and wins awards such as the special prize in the system-level service competition in 2018, the third prize in the system-level credit competition, the first prize in the Digi Up program in 2020, the first prize in the national art performance in 2017, the top 10 branches with the best achievements in the race for the beloved Central region... BIDV Nghe An is proud to always strive to overcome all challenges and storms; a loyal BIDV Nghe An, accompanying and sharing with customers, partners and the community. Joining the new opportunities of the nation and people, BIDV in general and BIDV Nghe An in particular enter a new phase, with many ambitions, aspirations and determination to conquer new heights, continue to carry out the political tasks assigned by the Party, the State and the State Bank, promote the achievements left by previous generations and the glorious tradition of 65 years of BIDV.
