Seven years after investing in BIDV, Hana Bank’s stake falls to 14.21%

On November 11, 2019, the Bank for Investment and Development of Vietnam (BIDV) and South Korea’s KEB Hana Bank signed a strategic cooperation agreement. BIDV issued more than 603.3 million shares to KEB Hana Bank through a private placement worth nearly VND 20.3 trillion. After the issuance, Hana Bank held 15% of BIDV’s charter capital, becoming its first foreign strategic shareholder. At the time, BIDV described the deal as the largest merger and acquisition transaction involving a strategic investor in the history of Vietnam’s banking sector.

The signing ceremony for the strategic cooperation agreement between BIDV and KEB Hana Bank.（VietVance）

The transaction increased BIDV’s charter capital from VND 34.187 trillion to VND 40.22 trillion. The cooperation agreement also covered strategic management, technology, digital banking, retail banking, risk management and staff training. On the partnership’s fifth anniversary in 2024, BIDV reported that the two banks had carried out 205 technical cooperation projects, held more than 1,500 working sessions and shared more than 800 professional documents.

In September 2024, the two banks signed a technical support agreement covering 2025 to 2029. BIDV’s 2025 annual report said they implemented 30 cooperation projects in the first year of the new phase, covering business development, retail banking, risk management, information technology and development strategy. In August 2025, they also signed a business cooperation agreement on payment solutions.

BIDV’s consolidated financial statements for the third quarter of 2026 showed total assets of approximately VND 3.49 quadrillion as of September 30, up 4.9% from the start of the year. Pretax profit for the first nine months was nearly VND 29.5 trillion. BIDV’s charter capital currently exceeds VND 77.782 trillion, with state shareholders holding 76.73%, Hana Bank 14.21% and public shareholders 9.06%.

Source: VietVance