FCI welcomes new Associate Member: JSC Bank for Investment and Development of Vietnam | FCI
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FCI welcomes new Associate Member: JSC Bank for Investment and Development of Vietnam
11 May 2023

Established on April 26, 1957, BIDV is proud to be the largest commercial bank in Vietnam in terms of total assets and operating scale. BIDV is ranked among the world's Top 2000 largest companies by Forbes and the Top 300 most valuable banking brands globally by Brand Finance. Currently, BIDV is establishing relationships with more than 2,300 financial institutions in 177 countries and territories worldwide, serving approximately 350,000 corporate customers and accounting for about 40% of the total enterprises in Vietnam, making it the leading bank in the country in terms of corporate customer market share.

In Vietnam, BIDV offers innovative and comprehensive financial solutions to corporate customers and has recently received several prestigious domestic and international awards, including "Best Corporate Bank Southeast Asia 2022" by Global Banking and Finance Review, "Vietnam Digital Award 2022" by Vietnam Digital Communications Association, "Vietnam Domestic FDI1 Bank of the Year " by The Asian Banking and Finance, "Best Trade Finance Bank in Vietnam 2022" and "Best Supply Chain Finance Bank in Vietnam 2022" by International Finance Magazine.

BIDV is also the first Vietnamese commercial bank to publicly announce a "Sustainable Loan Framework" based on the principles of the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).

With extensive experience and a large corporate customer base, BIDV is increasingly being chosen by enterprises to use supply chain finance products (SCF). Additionally, BIDV is a pioneering bank in providing SCF products on a technology platform in Vietnam.
From April 2023, BIDV has officially become an associate member of Factors Chain International (FCI). Joining FCI will support BIDV in developing outstanding factoring products and strengthening its position as a leading bank in the field of factoring and supply chain financing in Vietnam.

For more information, please visit BIDV’s website: http://www.bidv.com.vn