BIDV Signs MOUs with Korean Partners for Infrastructure, Real Estate Financing

Overview

BIDV (BID) signed memoranda of understanding with four Korean partners—Hana Bank, KIND, GS Engineering & Construction, and iMarket Korea—during the Vietnam-Korea Economic Forum held in conjunction with the Korean President’s official visit to Vietnam. The agreements aim to provide financial solutions for infrastructure, high-end real estate, and industrial park projects, reinforcing BIDV’s role as a key financial bridge between Vietnam and Korea.

Key Facts

• BIDV signed MOUs with Hana Bank and KIND to provide financial solutions for large-scale infrastructure projects in Vietnam.
• BIDV signed an MOU with GS Engineering & Construction to finance the Zeit River Thủ Thiêm project and support the company’s development plans in Vietnam.
• BIDV signed an MOU with iMarket Korea for advisory, investment connection, and banking services for the K-Tech Industrial Park project in Phú Thọ and other projects.
• BIDV currently serves over 10,500 FDI enterprises in Vietnam, including nearly 2,000 Korean companies.
• Hana Bank is a strategic shareholder of BIDV, holding nearly 15% of the bank’s shares.
• BIDV has been designated by the State Bank of Vietnam as the settlement bank for cross-border QR payment services between Vietnam and Korea.
• BIDV provides remittance services for the Vietnamese community in Korea.

What Happened

At the Vietnam-Korea Economic Forum, BIDV CEO Lê Ngọc Lâm joined leaders from major Korean and Vietnamese corporations such as Samsung, LG, SK, Lotte, PVN, EVN, THACO, and Sun Group to discuss cooperation opportunities in the new phase of the comprehensive strategic partnership between the two countries. BIDV signed separate MOUs with three Korean partners to establish a comprehensive cooperation platform in infrastructure and high-end real estate.

Specifically, BIDV, Hana Bank, and KIND signed a cooperation agreement to provide financial solutions for large-scale infrastructure projects in Vietnam. Separately, BIDV and GS Engineering & Construction signed an MOU to finance the Zeit River Thủ Thiêm project and accompany the company in its development plans. With iMarket Korea, BIDV will focus on advisory, investment connection, and banking services for the K-Tech Industrial Park in Phú Thọ and other projects.

Market Context

BIDV (BID) closed at VND 40,000 on April 15, 2026, down 0.12% with volume of 6,041,900 shares. The stock trades on HOSE. The banking sector has been under pressure from rising credit costs and regulatory changes, but BIDV’s strong franchise in corporate banking and its strategic partnership with Hana Bank provide a competitive edge in serving Korean FDI, which is a significant driver of Vietnam’s economic growth.

Strategic Significance

The MOUs deepen BIDV’s existing relationship with Hana Bank, its strategic shareholder, and expand its role in financing Korean-invested projects in Vietnam. By targeting infrastructure, high-end real estate, and industrial parks, BIDV positions itself to capture a larger share of the financing needs from Korean corporations, which are among the largest foreign investors in Vietnam. The bank’s designation as the settlement bank for cross-border QR payments also enhances its transactional banking capabilities, potentially increasing fee income and customer stickiness.

What to Watch

• Progress on the Zeit River Thủ Thiêm project and any disclosed financing terms.
• Development milestones for the K-Tech Industrial Park in Phú Thọ and BIDV’s role in its financing.
• BIDV’s Q2 2026 earnings report for evidence of increased lending to Korean FDI clients.
• Any further MOUs or joint ventures between BIDV and Korean partners in other sectors.
• Changes in BIDV’s foreign ownership limit or strategic stake adjustments by Hana Bank.