RELEASED DATE 16 Jun 2022
Representative of BIDV and DOJI signed a comprehensive cooperation agreement
On 31 May 2022 in Hanoi, BIDV and DOJI signed a memorandum of understanding (MOU) on comprehensive cooperation agreement for the 2022-2027 period. Accordingly, BIDV will provide comprehensive financial solutions to DOJI Group including; banking products, securities, insurance, financial restructuring, bond issuance consulting, centralized cash flow management, e-banking system connection, supply chain financing, etc. BIDV will be lead arranger for medium, long-term and short-term loans for investment, production and business activities of DOJI. BIDV and DOJI will utilize each other’s system to cooperate in brand promotion, cross-selling, creating sustainable value for each other, community and society.
The partnership between the two sides started in 2019. BIDV has always accompanied and been a reliable partner of DOJI for its development since then. As a leading financial institution in Vietnam, BIDV has provided DOJI with diversified banking products and services from credit, deposit, payment, currency trading, cross currency swap (CCS), etc. to modern digital banking services such as iBank. BIDV’s annual credit extension has contributed to enable DOJI’s expansion of production and business, development of its distribution network, especially the establishment of 2 jewelry shopping centers - DOJI Smart in Hanoi and Da Nang at the end of 2021, which marked a breakthrough development in the application of modern technology platform to the jewelry business of DOJI.
With a 65-year history, BIDV is the largest commercial bank in Vietnam in terms of operational scale with total assets of VND1.81 quadrillion, total outstanding loans of VND1.4 quadrillion, ranked first by credit market share, second by individual customers with more than 13.4 million. BIDV’s operations cover a variety of fields, including banking - insurance - securities - financial investment with a network of more than 1,060 branches and transaction offices in Vietnam, and commercial presences in 6 countries and territories, establishing partnerships with 2,300 financial institutions globally. For many consecutive years, BIDV has earned a firm position in Top 2000 World’s Largest Public Companies (Forbes); Top 500 Global Most Valuable Banking Brands 2022 (Forbes), Best Retail Bank in Vietnam, Best SME Bank in Southeast Asia and many other prestigious awards.
DOJI Gold and Gems Group, formerly TTD Trading and Technology Development Company, was established in 1994. With more than a quarter century in its development journey, DOJI has constantly developed and expanded to become a leading corporation domestically and regionally in the fields of gold, silver, and gems, jewelry as well as real estate, investment, trade and services sectors. With 61 branches, nearly 200 centers and stores nationwide, together with more than 400 agents and outlets, DOJI’s distribution system currently covers most regions in Vietnam.