At the same time, BIDV continues to affirm its key and leading role in implementing the policies and directions of the Party, State, Government and State Bank; fulfilling its responsibilities to the State, shareholders, employees and the community.
This positive information was just announced by BIDV at the Conference on Deploying the 2025 Business Plan. The conference was attended and directed by Mr. Doan Thai Son - Deputy Governor of the State Bank of Vietnam; representatives of leaders of Central Committees, Ministries and key leaders in the entire BIDV system.
The report at the Conference said that by December 31, 2024, BIDV's business targets had all met and exceeded the plans assigned by the State Bank and the General Meeting of Shareholders.
Accordingly, the total assets of the commercial banking sector reached nearly 2.7 million billion VND (equivalent to more than 100 billion USD), up 19.4%, maintaining its position as the joint stock commercial bank with the largest total assets in Vietnam. Total mobilized capital reached 2.14 million billion VND, up 13.1%. Total outstanding credit reached over 2.01 million billion VND, up 15.3%; credit market share ranked first in the market, reaching 13.1%.
Credit quality is controlled within limits; the bad debt ratio according to Circular 31 is controlled at 1.3%, in line with the SBV's target; the bad debt coverage ratio reaches 133%.
The bank's pre-tax profit alone reached VND30,006 billion (equivalent to more than USD1.1 billion), up 12.4%. Profitability and operational safety indicators were ensured: ROA reached 1.02%; ROE reached 19.09%, Capital Adequacy Ratio (CAR) reached 8.6%.
Preserving and developing state capital at BIDV; equity reached VND 136,320 billion, up 18.4%. Market capitalization reached VND 259,000 billion, up 4.6%, one of the three enterprises with the highest capitalization in the Vietnamese stock market. Completed increasing charter capital to VND 68,975 billion; paid VND 9,412 billion to the budget, among the leading enterprises in paying corporate income tax.
The operations of subsidiaries, joint ventures and associates remained stable. Profit before tax of subsidiaries reached 1,253 billion VND, profit before tax of joint ventures and associates reached 1,362 billion VND.
Promoting its role as an effective tool of the Party and State, BIDV has seriously grasped, complied with, proactively and promptly implemented monetary policies and directives of the Government and the State Bank.
BIDV proactively and actively implemented solutions to support customers such as: Reducing lending interest rates for nearly 400,000 customers; restructuring debt repayment terms and maintaining debt groups according to Circular 02, Circular 06 with a restructured debt balance of VND 8,500 billion; implementing a preferential credit program to support customers affected by storm No. 3... In total, BIDV has reduced over VND 8,600 billion in income to share difficulties with customers.
Continue to affirm its leading role in the field of green finance with the successful issuance of VND 5,500 billion of green bonds, sustainable bonds, the largest in Vietnam, implementing a credit package of VND 10,000 billion for green projects,... Continue to maintain its position as the bank with the largest green credit balance in Vietnam with outstanding loans of over VND 75 trillion, accounting for nearly 12% of the total green credit balance of the entire economy.
Speaking at the Conference, Deputy Governor of the State Bank of Vietnam Doan Thai Son acknowledged the efforts and results that BIDV has achieved in 2024. At the same time, he affirmed that BIDV has contributed to the entire banking industry in synchronously implementing solutions to support businesses and people in accessing capital, restoring production and business, thereby promoting growth and controlling inflation; at the same time, promoting digital transformation and green transformation towards sustainable development...
Deputy Governor Doan Thai Son suggested that BIDV should promote its strength as the largest bank in the system; ensure its core, leading, and responsible role in the economy in the new situation; and effectively implement solutions to support people and businesses according to the policies of the Government and the State Bank of Vietnam.
“With that spirit, I believe that BIDV will continue to successfully complete its 2025 business plan, making an important contribution to the overall results of the banking industry,” Deputy Governor Doan Thai Son emphasized.
In 2025, thoroughly grasping the Government's policies and the State Bank's management orientation, clearly recognizing its role as the bank with the largest scale of operations in the market, with a key and leading position in the banking industry; BIDV determines its consistent operating motto as "Responsibility - Streamlining - Efficiency - Accelerating transformation" and sets out the following key business targets:
Outstanding credit balance under the credit limit assigned by the State Bank is expected to increase by at least 14%; Mobilizing operating capital in accordance with capital use, ensuring safety and efficiency; controlling bad debt ratio according to Circular 31/TT-NHNN at ≤1.4%; pre-tax profit of the bank alone strives to grow by 6% to 10%; ensuring compliance with safety ratios according to the State Bank's regulations...
