This is an important milestone, opening the strategic cooperation relationship between BIDV and the People's Committee of Da Nang City in the journey to develop Da Nang into a high-quality service center, creating a driving force to spread to the Central - Central Highlands region and the whole country; becoming an important link connecting the East - West Economic Corridor, the Asia - Pacific region and globally.
Attending the signing ceremony were Mr. Nguyen Van Quang - Member of the Party Central Committee, Secretary of Da Nang City Party Committee; Mr. Ngo Xuan Thang - Member of Standing Committee of City Party Committee, Chairman of City People's Council. Da Nang; Mr. Ho Ky Minh - Permanent Vice Chairman of City People's Committee. Da Nang; Mr. Phan Duc Tu - Chairman of BIDV Board of Directors; Mr. Le Ngoc Lam - General Director of BIDV; representatives of central departments and agencies located in the city; representatives of departments, branches and branches and many investors, corporations and large enterprises are interested in investment and production in Da Nang Free Trade Area.
According to the content of the memorandum, BIDV will accompany the City People's Committee. Da Nang in three key cooperation pillars, with the goal of bringing outstanding values to Da Nang Free Trade Area: (i) cooperating to develop technological solutions to manage the operation of Da Nang Free Commercial Area, (ii) Research and propose preferential policies and attract strategic investors and business enterprises in Da Nang Free Trade Area, III) Cooperation in the field of Green Finance and Sustainable Finance (ESG).
With its strategic location and synchronous infrastructure system, Da Nang City has many favorable conditions to form and develop a Free Trade Zone. Da Nang is currently submitting to the Government for approval the Decision to establish a Free Trade Zone with functional areas including: production, logistics; trade - services; digital technology industry, innovation and other types of functional areas.
Speaking at the signing ceremony, Mr. Ho Ky Minh - Permanent Vice Chairman of the People's Committee of Da Nang City - said: "BIDV is a joint stock commercial bank with state-owned capital, strong financial potential, and is one of the pioneers in digital transformation and green transformation with a variety of convenient banking products and services on a modern technology platform. With BIDV's potential, experience and ecosystem, along with the strong determination of the city government, I believe that this cooperation has practical significance, contributing to the development and effective operation of the Da Nang Free Trade Zone".
Mr. Phan Duc Tu - Chairman of the Board of Directors of BIDV - emphasized: "Da Nang City is facing a turning point opportunity to create a new development symbol - Da Nang Free Trade Zone. This is not only a lever for economic growth, but also a place to apply breakthroughs in policies, technology and sustainable development. BIDV is honored to accompany the People's Committee of Da Nang City on this journey, carrying a strong commitment, practical implementation capacity and common aspiration to create a regional-scale commercial zone".
As the bank with the most total asset in Vietnam, the largest organization customer is and is providing financial services for many important areas of the economy, in recent years, BIDV has pioneered and breakthrough in digital transformation, green conversion and open bank development with modern technology and financial solutions in the field of seaports, import and export and logistics. BIDV will promote its top capabilities and advantages to contribute to the development of Da Nang Free Trade Area, which is the superior financial technology platform, the ability to support capital and policies to attract foreign investment, promote ESG practice.
The success of Da Nang Free Trade Area will not only be a measure of investment attraction, but also a testament to the effective coordination between the government - business - financial institutions in creating modern ecosystems. With resources, experience and spirit of service, innovation, BIDV will actively contribute to technology and financial solutions for the process of forming and developing the Da Nang Free Trade Area, contributing to creating a new motivation for development and increasing national competitiveness in the new era - the era of the nation.
Established in 1957, after 68 years of construction and development, BIDV is currently the financial institution with the largest total assets in Vietnam with more than 2.8 million billion VND. BIDV is serving more than 22 million individual customers, more than 500,000 businesses, and has cooperative relationships with 2,300 financial institutions in 178 countries and territories worldwide.
BIDV has achieved some important achievements in implementing a digital conversion strategy until 2025, vision to 2030 on all aspects: technological infrastructure, technology solutions, databases, security safety and technology ownership capacity. Currently, BIDV is a bank that has successfully implemented many modern technological systems, automatically connected according to the highest payment standards, is the leading bank in deploying public financial services, directly connecting to the Customs Department, Tax Department, State Treasury; Pioneering in deploying BIDV Open API open banking system according to international standards and cooperating with leading technology partners. BIDV's financial solutions have created new utilities: corporate financial management, optimizing operation efficiency, especially for logistics enterprises, import -export enterprises, ... creating a basis for developing into a system of supporting automation of customs clearance procedures, customs supervision for free commercial areas in the future ...
