This is the basis for implementing activities to support capacity building and financial access for VYEA member businesses; in line with the Government's orientation on promoting the development of the young entrepreneur community and the goals and principles of operation of the two sides.
According to the cooperation agreement, BIDV will provide comprehensive financial solutions for young entrepreneurs and VYEA member businesses. At the same time, the two sides will strengthen cooperation in the fields of communication, brand development and organizing activities to support business capacity building such as: financial training for leaders and staff of small and medium enterprises owned by women, support access to technology, update market situation, introduce and connect business activities between VYEA members and BIDV customers, coordinate the organization of trade promotion programs, business connections, etc.
Based on the cooperation contents, VYEA will have instructions and implementation to the Young Entrepreneurs Association in 63 provinces, cities and affiliated sectors and units so that member enterprises can soon access BIDV's banking and financial products and services effectively.
Speaking at the signing ceremony, Mr. Dang Hong Anh - Chairman of VYEA - thanked BIDV for its companionship and cooperation over the years with the Association's member enterprises; at the same time, he especially believed in the effective cooperation relationship between the two sides in the new period.
Mr. Le Ngoc Lam - General Director of BIDV - said: With the long history of construction and development of BIDV and VYEA, the two sides will continue to seize opportunities to cooperate and develop effectively; contribute to building a new generation of young entrepreneurs who are strong in both quantity and quality, have enough resources to strongly apply new technological achievements; strive to have more and more young Vietnamese entrepreneurs reach the regional and world level.
The signing ceremony of the cooperation agreement between VYEA and BIDV this time marks a new development step for the cooperative relationship between the two sides; at the same time, it is a premise to open up many opportunities for comprehensive and sustainable cooperation between the two units in the coming time.
With a history of more than 67 years of establishment and development, BIDV is the oldest and largest commercial bank in Vietnam in terms of total assets. As of June 30, 2024, BIDV's total assets reached VND 2.52 million billion; a widespread network of nearly 1,100 transaction points; commercial presence in 5 countries and territories; serving over 20 million customers; establishing partnerships with more than 2,300 financial institutions worldwide.
For many consecutive years, BIDV has been on the list of National Brands (voted by the National Brand Council); Top 10 largest enterprises in Vietnam (Vietnam Report); Top 1,000 largest listed enterprises globally (Forbes Magazine); Best Retail Bank in Vietnam (The Asian Banker Magazine); Best SME Bank in Vietnam (Asian Banking and Finance Magazine and Alpha Southeast Asia Magazine); Best SME Bank in Southeast Asia (Global Banking & Finance Review Magazine) and many other prestigious awards. BIDV is the trusted choice of major international organizations such as WB, ADB, AFD, JICA, NIB and many customers and partners.
Vietnam Young Entrepreneurs Association is one of the associations with strengths in the network connecting domestic entrepreneurs and enterprises, operating dynamically and pioneering in many fields of the Vietnamese economy. After 31 years of establishment and development, up to now, the Vietnam Young Entrepreneurs Association has been established in 63/63 provinces and cities and 2 economic groups (Vietnam National Oil and Gas Group, Vietnam Rubber Industry Group), 15 affiliated Clubs according to professions and interests with more than 19,000 members.
The Association's member enterprises are generating annual revenue of over 40 billion USD (contributing more than 10% of the country's GDP) and creating jobs for more than 5 million workers; contributing hundreds of billions of VND to social activities each year.
The Association's activities have always created prestige in the business community such as: Vietnam Private Economic Forum, Vietnam Golden Star Award, Red Star Award - Outstanding Young Vietnamese Entrepreneurs, Program to vote and award the title of Excellent Young Entrepreneurs, social security programs... In particular, there have been members of the Association over the years who have developed into leading economic groups in the production and business sectors in Vietnam.
