With the theme "Overcoming challenges", Vietnam Economic Review (VnEconomy) announced and honored the TOP 10 and TOP 100 Vietnamese Strong Brands in 2020 - 2021. The award recognizes businesses that demonstrate the ability to adapt respond, sustain, and grow during the COVID-19 pandemic.
The evaluation criteria include the following factors: business results, brand protection, product and service quality, leadership capacity, human resources, corporate social responsibility, commitment to environmental protection, digital transformation application, appropriate and effective production and business methods in the new context. In particular, the criteria of special interest this year are the innovation index, digital transformation, enterprise restructuring, adjustment and change in appropriate production and business models and methods, and effectiveness in the new normal.
In the first 9 months of the year, overcoming the pandemic, HDBank's business activities continued to record steady progress. Outstanding loans increased by 16.1% over the same period last year. The stand-alone bad debt ratio was below 1%, and the consolidated bad debt ratio was at 1.4%, both lower than the same period last year and among the lowest in the industry. The bank's total operating income exceeded VND 12,100 billion, up 23.6%.
HDBank's network spreads throughout the country and abroad with 308 banking transactions and 20,902 financial transaction points, serving 20 million customers in a privileged ecosystem of airlines, supermarkets, telecommunications, banking and finance, etc.
In the first 9 months of the year, HDBank actively promoted digital transformation, helping to promptly meet the transaction needs of customers in the context of the pandemic: implementing eKYC, opening online accounts (eAccount); 24/7 online credit approval (eCredit), issuing online L/C (eLC) or transferring money internationally (eTT), granting 100% online credit from receipt of documents to disbursement, expanding non-cash payment solutions.
HDBank is currently one of the leading joint stock commercial banks in the retail and SME market in Vietnam. In the period 2015 - 2020, HDBank has an average growth rate of over 20% per year and compounded profit growth rate of over 50% thanks to its focus on SMEs and retail customers.
Previously, surpassing many candidates in the world, HDBank won the Best Bank and Best Digital Transformation Bank awards in Vietnam in 2021 by the Global Brand Award.
The "Vietnam Strong Brand” Award is organized by Vietnam Economic Magazine, bringing together entrepreneurs and management of leading prestigious enterprises in Vietnam.
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