VBank for Investment and Development of Vietnam Securities Joint Stock Company
Banking Industry – ICB 8355 22 January 2014

COMPANY REPORT
Bank for Investment and Development of Vietnam BIDV
BID WILL BE THE 6TH LARGEST STOCK LISTED IN VIETNAM
On 24 Jan 2014, BIDV officially listed 2.8 billion shares on Hochiminh stock exchange with the ticker BID and price of 18,700 VND/share and the market cap of 52.6 trillion VND. BIDV is the top six stock of Vnindex.  BIDV is the largest bank listed on the stock exchange in Viet Nam in terms of total assets, lending, and deposits and BIDV remains the second largest bank in terms of branch network… After raising capital, BIDV will have the largest assets and equity among Vietnam commercial banks, thereby becoming the most attractive partner to foreign investors, investment funds including ETFs. BIDV’s have the biggest customer base of 100,000 firms includes largest enterprises in Vietnam. When the economy recovers, BIDV take the best advantage of this strong customer base to grow faster than other banks. BIDV will sell a 20% stakes for strategic partners with the support of Morgan Stanley as an advisor. In addition, BIDV may sell 5 -10% stakes for other financial investors. BIDV supports the international collaboration, especially with Japan. BIDV seizes opportunities to grow globally by expanding international collaboration and conducting businesses across the border. In 2013, BIDV signed memoranda with two large banks in Japan, Shinki Central Bank (total assets of USD 327 billion) and Sumitomo Mitsui Trust Bank (total assets of USD 361 billion) on providing services and supporting Japan clients in Vietnam. In 2014, BIDV will hold a customer conference in Vietnam and Japan on improving international cooperations and developing system of Japan customers. Strong underlying performance 2013: As of 31/12/2013, total assets