Joint Stock Commercial Bank for Investment and Development of Vietnam Overview
Pro stress-test →BIDV is a Vietnamese state-owned bank that provides commercial banking services to both individual and corporate clients. The bank operates 189 domestic branches, 928 transaction offices, and representative offices in multiple countries, making it one of Vietnam's largest financial institutions.
Strategic Profile
Pro stress-test →BIDV has established correspondent banking relationships with over 2,300 financial institutions worldwide. In November 2019, BIDV signed a strategic cooperation agreement with Hana Bank, marking the biggest M&A deal with a strategic investor in Vietnam's banking industry. The bank maintains a comprehensive service portfolio including retail and corporate banking, trade finance, investment banking, and digital banking services.
Competitive Landscape
Pro stress-test →BIDV competes with other major Vietnamese banks including Techcombank, Vietcombank, and Agribank in the domestic market. As the second-largest listed bank by several metrics, BIDV differentiates through its state ownership, extensive branch network, and international correspondent relationships with 2,300+ institutions. The Hana Bank partnership provides competitive advantage in digital banking and operational efficiency.
Industry Context
Joint Stock Commercial Bank for Investment and Development of Vietnam operates in Commercial Banking and Financial Services.
Key facts
Founded: 1957 · Headquarters: Hanoi, Vietnam · Employees: null · Revenue: null · Market cap: 355.28T VND (~$14.2B USD equivalent)