BIDV pioneers in implementing financial and technological solutions for Da Nang Free Trade Zone

Thủy Nguyên |

On June 22, 2025, Da Nang City held a ceremony to announce the Prime Minister's Decision on the establishment of Da Nang Free Trade Zone - the first free trade zone in Vietnam.

This event is an affirmation of the determination of Da Nang City in realizing the Government's orientation in creating a new development driver for the national economy, with the vision and aspiration to make Vietnam an important link in the global supply chain network in the integration period.

Ong Le Ngoc Lam – Tong Giam doc BIDV phat bieu tai buoi le. Anh: BIDV
Mr. Le Ngoc Lam - General Director of BIDV spoke at the ceremony. Photo: BIDV

In the spirit of accompanying the People's Committee of Da Nang City to successfully implement the Free Trade Zone model, within the framework of the program, Mr. Le Ngoc Lam - General Director of BIDV - shared specific action plans of BIDV.

Accordingly, BIDV is committed to mobilizing maximum financial, human and technological resources to contribute to the development and successful operation of the Da Nang Free Trade Zone, comprehensively demonstrated in the fields of investment attraction, financial technology and ESG practices.

Le cong bo Quyet dinh cua Thu tuong chinh phu ve thanh lap Khu Thuong mai tu do Da Nang. Anh BIDV
Ceremony to announce the Prime Minister's Decision on the establishment of the Da Nang Free Trade Zone. Photo: BIDV

BIDV will promote the role of Vietnam's leading commercial bank, actively coordinate with the city government in areas that have a great impact on the operation of the Free Trade Zone, including: (i) Promote the role of a bridge between domestic investors, foreign investors and city governments, through the provision of flexible financial products, interest rate incentives, and specialized investment support services; (ii) Coordinate to promote the application of digital payment platforms, integrated cash flow management systems and banking services, connect with the system of state management agencies, ensure speed - transparency - and global connectivity in financial transactions in the Free Trade Zone; (iii) Connecting and developing a multi-sectoral ESG partner system for the free trade zone, creating incentives for businesses to develop green space, focusing on promoting the development of green space, promoting the development of the European Capital Area.

BIDV has also announced a preferential policy framework for investors in the Da Nang Free Trade Zone with specialized service flows, streamlined procedures, short-term, medium-term credit incentives as well as product and service policies to comprehensively meet the production and business needs of domestic and foreign investors.

Dai dien BIDV va Cong ty TNHH Dich vu Tin hoc CEH cung trao bien ban ghi nho hop tac xay dung he thong giam sat hai quan thong minh voi Chi cuc Hai quan khu vuc 12. Anh BIDV
Representatives of BIDV and CEH Informatics Services Company Limited jointly presented a memorandum of understanding on cooperation in building a smart customs monitoring system with the Customs Branch of Area 12. Photo: BIDV

At the event, BIDV and its technology partner, CEH Informatics Services Co., Ltd. and the Customs Branch of Region 12, presented a "Memorandum of Understanding on cooperation on supporting the development of smart customs monitoring application solutions" to contribute to solving the problem of automating customs clearance procedures and customs supervision in the Free Trade Zone, realizing the expectations of the city government on forming a modern, smart, and highly competitive economic ecosystem in the region.

Previously, on May 23, 2025, BIDV and the People's Committee of Da Nang City signed a "Memorandum of Understanding on cooperation in developing financial technology solutions for the Da Nang Free Trade Zone". With a pioneering, creative and proactive spirit, BIDV is implementing specific action programs to contribute to building a dynamic, smart and sustainable Da Nang Free Trade Zone - a symbol of Vietnam's integration spirit and development aspiration in the new era.

Thủy Nguyên
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