Updated  
April, 24 2012 09:44:57

Investment bank gets award for long service

HA NOI — The Bank for Investment and Development of Viet Nam (BIDV) received on Sunday the State's first-class Independence Order for the second time on the occasion of its 55th anniversary.

It was also presented with the Lao Independence Order and the Royal Order of Cambodia at the ceremony for its contributions to boosting social welfare in the Indochina region.

Speaking at the ceremony, National Assembly Chairman Nguyen Sinh Hung said the Bank for Investment and Development of Viet Nam was a leader in helping Vietnamese enterprises boost investment promotion in other countries.

The bank has also helped encourage Vietnamese trade in Indochina and ASEAN countries, he said.

Besides, BIDV had been actively participating in community activities and social welfare, he said.

The commercial bank, which has been ranked as the best supporter of development in Viet Nam by the United Nations Development Programme, has connections with 1,551 financial institutions internationally and domestically.

BIDV, one of Viet Nam's four biggest commercial banks, yesterday officially became a joint stock business, with a charter capital of VND23 trillion (US$1.09 billion). — VNS

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