Today marks a significant milestone in the strategic partnership between BIDV and the People’s Committee of Da Nang City. This collaboration aims to transform Da Nang into a high-quality service center, creating a positive impact across the Central – Highlands and the entire country. It also aims to become a crucial link in the East-West Economic Corridor, connecting the Asia-Pacific region and the globe.
The signing ceremony was graced by the presence of Mr. Nguyen Van Quang, Member of the Central Committee of the Communist Party of Vietnam and Secretary of the Da Nang Party Committee; Mr. Ngo Xuan Thang, Member of the Standing Committee of the Da Nang Party Committee and Chairman of the Da Nang People’s Council; Mr. Ho Ky Minh, Vice Chairman of the Da Nang People’s Committee; Mr. Phan Duc Tu, Chairman of BIDV’s Board of Directors; Mr. Le Ngoc Lam, General Director of BIDV, along with representatives from central ministries and local departments, as well as numerous investors and large enterprises interested in investing and doing business in the Da Nang Free Trade Area.
Mr. Phan Duc Tu, Chairman of BIDV’s Board of Directors, delivers a speech at the signing ceremony.
As per the memorandum of understanding, BIDV will accompany the People’s Committee of Da Nang City in three key areas of cooperation. The aim is to bring outstanding values to the Da Nang Free Trade Area: (i) cooperation in developing technology solutions for the management and operation of the Da Nang Free Trade Area, (ii) collaboration in researching and proposing preferential policies to attract strategic investors and businesses to the Da Nang Free Trade Area, and (iii) partnership in the field of green finance and sustainable development (ESG).
Strategically located and boasting a well-developed infrastructure system, Da Nang has numerous advantages for establishing and developing a Free Trade Area. The city is currently awaiting the government’s approval for the establishment of the Da Nang Free Trade Area, which will include functional areas for production, logistics, trade and services, digital industry, innovation, and other functional areas.
Mr. Ho Ky Minh, Vice Chairman of Da Nang People’s Committee, speaks at the signing ceremony.
“BIDV is a joint-stock commercial bank with a dominant state-owned capital, strong financial potential, and a pioneer in digital transformation and green transformation with diverse banking services on a modern technological platform,” said Mr. Ho Ky Minh, Vice Chairman of the Da Nang People’s Committee. “With BIDV’s potential, experience, and ecosystem, along with the strong determination of the city government, I believe that this cooperation will make a practical contribution to the development and efficient operation of the Da Nang Free Trade Area.”
Mr. Phan Duc Tu, Chairman of BIDV’s Board of Directors, emphasized, “The city of Da Nang is at a pivotal juncture to create a new development symbol – the Da Nang Free Trade Area. This is not just an economic growth lever but also a platform for breakthrough policies, technology, and sustainable development. BIDV is honored to accompany the People’s Committee of Da Nang City on this journey, bringing along a strong commitment, practical implementation capabilities, and a shared aspiration to create a world-class trade area.”
As one of the largest banks in Vietnam in terms of total assets and institutional customers, BIDV has been providing financial services to many critical sectors of the economy. The bank has been a pioneer in digital transformation, green transformation, and open banking, offering modern technology-finance solutions in the fields of seaports, import-export, and logistics. BIDV will leverage its leading capabilities and advantages to contribute to the development of the Da Nang Free Trade Area, including superior financial technology, capital support, policies to attract foreign investment, and promotion of ESG practices.
The success of the Da Nang Free Trade Area will not only measure the ability to attract investment but also demonstrate the effective collaboration between the government, businesses, and financial institutions in creating a modern ecosystem. With its resources, experience, and spirit of service and innovation, BIDV will actively contribute technology and financial solutions to the formation and development of the Da Nang Free Trade Area, thereby creating a new driving force for development and enhancing the country’s competitiveness in this new era – the era of national advancement.
Established in 1957, BIDV has grown over 68 years to become one of the largest financial institutions in Vietnam, with total assets of over VND 2.8 quadrillion. BIDV currently serves more than 22 million individual customers, over 500,000 businesses, and maintains relationships with 2,300 financial institutions in 178 countries and territories worldwide.
BIDV has achieved significant milestones in implementing its digital transformation strategy by 2025, with a vision towards 2030, across various aspects: technology infrastructure, technology solutions, databases, security, and technology mastery. The bank has successfully implemented modern systems, automatic connections following the highest payment standards, and has been a pioneer in providing e-financial services, directly connecting with the Customs Department, the Tax Department, and the State Treasury. BIDV has also taken the lead in deploying the BIDV Open API open banking system according to international standards and collaborating with leading technology partners. BIDV’s financial technology solutions have introduced new conveniences: enterprise financial management, operational optimization, especially for logistics and import-export businesses, laying the foundation for the development of a system that supports automated customs procedures and supervision for the Free Trade Area in the future…
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