Deputy PM Nguyen Xuan Phuc presents the Independence Order to BIDV. ( Image: VNA )
BIDV initially specialised in lending capital to construction projects but it has expanded and grown to become a modern, friendly commercial bank.
With a total assets of over VND 400 trillion (US$21 billion), BIDV includes five joint-ventures, eight subsidiaries, 118 branches, and 700 domestic transaction locations, as well as commercial representatives in Laos, Cambodia, Myanmar, the Czech Republic, Hong Kong (China) and Russia.
By, 2015, the bank aims to become one of the top two leading national financial institutions that meet international standards.
Speaking at the ceremony, Politburo member and National Assembly Chairman Nguyen Sinh Hung said that during its 55 years of development, BIDV has overcome all difficulties and accomplished all the tasks assigned by the Party and State. He also urged the bank to speed up its restructuring in order to adjust to the new context.
On the occasion, BIDV was presented with many honourable awards including its second Independence Order, first class and the Labour Order, first class, from the Socialist Republic of Vietnam; the Independence Order and Labour Order from State of Laos; and the Royal Order of Cambodia.
Former General Secretary Le Kha Phieu; former President Tran Duc Luong; former Prime Minister Phan Van Khai; and Politburo member, Deputy Prime Minister Nguyen Xuan Phuc attended the event along with Lao National Assembly Chairwoman Pani Yathotou; Lao Deputy Prime Minister Somsavat Lengsavat; Cambodian Permanent Deputy Prime Minister and Inspection Minister Men Sam An; and other senior officials.