Tuesday, 28 May 2024

Best State-Owned Retail Bank in Vietnam is BIDV

5 min read

  • Being the largest state-owned retail bank in Vietnam, this bank posted considerable growth as well as the highest return on equity, showing strong growth potential and profitability.  
  • The bank onboarded three million new digital customers with digitalisation initiatives and innovations in private banking. Its proportion of digital customers increased from 17% in 2018 to 56% in 2022. With more customers coming onboard, the bank retail credit of 23% year-on-year (YoY) growth of VND 650 trillion ($27.4 billion), while retail deposit increased YoY by 11% to VND 764 trillion ($32.2 billion), maintaining firm brand value, and leading by some VND 100 trillion ($4.2 billion) ahead of the next state-owned bank.  
  • For its strong financial results, digitalisation initiatives, rapidly increasing retail customers, and brand value, the Best State-Owned Retail Bank in Vietnam is BIDV. 
Diary of Activities
Finance Vietnam 2024
18 July 2024
Finance Thailand 2024
25 July 2024
Finance Philippines 2024
07 August 2024
Finance Malaysia 2024
22 August 2024