BIDV contributes over VND5.5 trillion to State budget

Thursday, 2018-01-18 03:59:11
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BIDV contributed over VND5.5 trillion (over US$242 million) to the State budget in 2017.
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NDO – The Bank for Investment and Development of Vietnam (BIDV) contributed over VND5.5 trillion (over US$242 million) to the State budget in 2017.

The information was reported at a conference held by the lender in Hanoi on January 17 to review its performance in 2017 and devise tasks for 2018.

In the past year, BIDV has almost achieved and exceeded its targets, with its total assets reaching VND1,176 trillion (nearly US$51.8 billion), a year-on-year increase of 16.7%.

The bank mobilised over VND1,106 trillion (over US$48.7 billion) from its depositors, up 17.9% from the previous year, while its total outstanding loans and investments were nearly VND1,137 trillion (approximately US$50.1 billion), up 18%.

The lender fulfilled 113.5% of the plan concerning its pre-tax profits in 2017, with VND8.8 trillion (over US$387.56 million).

BIDV continued to affirm its role as a key force in implementing a monetary policy under the direction of the Government and the State Bank of Vietnam as well as being among the top enterprises contributing to the State budget.

In addition, the bank was highly praised by both domestic and international rating agencies over the past year with numerous prestigious awards, such as the Top 1000 World Banks 2017 award announced by The Banker magazine and the Best Retail Bank in Vietnam in 2017 voted by The Asian Banker magazine.

At the conference to review the lender's performance in 2017