In 1990, the Chairman of Council of Ministers issued Decision 401/CT regarding the establishment of Bank for Investment and Development of Vietnam on the basis of the renaming of the Bank for Investment and Construction of Vietnam.
In 1990, BIDV conducted its first international business operations. The bank partnered with foreign financial institutions to establish joint ventures. During this period, BIDV’s foreign business operations covered finance, banking, insurance and securities with the establishment of representative offices and banks in Laos, Cambodia, then Myanmar, Russia, Czech Republic.
BIDV has transformed into a commercial bank since then, integrating into the international financial markets. Since 1995, BIDV has been a fully commercial bank, continuing to develop and boost the market economy of Vietnam.