RELEASED DATE 08 Dec 2021
On 1 December 2021 in Hanoi. BIDV and TCG signed a comprehensive cooperation agreement for the 2021-2025 period. Under the agreement, the two will support each other in expanding and developing business activities in domestic and foreign markets. Specifically, BIDV will provide comprehensive financial solutions for TCG such as banking products, securities, insurance, financial restructuring, bond issuance consulting, centralized cash flow management, and iBank system… In particular, BIDV will arrange medium and long-term capital for TCG's business expansion needs. BIDV and TCG are committed to promoting each other's brands, cross-selling products and services, and creating sustainable values for each party, the community and society.
BIDV boasts a diverse ecosystem, providing customers with quality, fast and convenient products and services. The bank has been serving over 12 million individual and corporate customers. TCG owns a system of authorized auto dealers including more than 130 dealers, hotels, luxury villas, 5-star standard resorts, golf courses, office buildings, and apartments across the country. The two hope to exploit each other's potential, increase customer base, as well as increasing benefits for customers.
Having partnered with TCG since the early days of its establishment, BIDV has provided credit to TCG for building TC Motor automobile manufacturing and assembly plant in Gian Khau Industrial Park, Ninh Binh province. Over the past 20 years, BIDV has always been a reliable and traditional partner, providing a variety of banking products and services to serve the needs of TCG. One of the achievements between BIDV and TCG is the successful implementation of supply chain financing for TCG's car dealers.
With a history of more than 64 years of establishment and development, BIDV has become the largest commercial bank in Vietnam in terms of total assets. BIDV’s operations cover banking, insurance, securities and financial investment with a network of nearly 1,100 transaction points and commercial presences in 6 countries and territories. BIDV has established partnerships with 2,300 financial institutions globally.
Established in 1999, TCG sets its vision to become a leading Industry - Investment - Trade Group in Vietnam. In its core businesses, the Hyundai by TC Motor car brand in recent years has continuously been the favorite car brand of consumers, and has become the leading brand in Vietnam in terms of sales. In the next development strategy, TCG continues to affirm its position in the two business pillars: Real Estate Investment and Financial Investment. Currently, TCG is investing and developing many large projects in key localities such as Hanoi, Ninh Binh, Quang Ninh, Binh Duong, and Ho Chi Minh City. TCG has been honored in the Top 10 largest private enterprises in Vietnam in 2021 by Vietnam Report.